A new survey shows a majority of bank leaders believe agentic AI will fundamentally reshape the industry, and many of them aren’t waiting to get on board. The report, commissioned by SoundHound AI and conducted by Arizent’s American Banker, polled 200 qualified managers, executives and directors working at US retail, commercial banks and credit unions, with assets ranging from under $10 billion to more than $1 trillion. The survey finds that 70% of US banking leaders now expect agentic AI, systems that take action on behalf of users, to have a “significant or game-changing” impact on the banking industry. In…
Author: Henry Kanapi
Henry Kanapi
Henry Kanapi is a journalist and editor covering the intersection of artificial intelligence, financial markets, and technology disruption. He has sourced, written, and edited thousands of stories on crypto, banking, and macroeconomics as Senior Editor at The Daily Hodl, where he helped shape coverage for an audience of over two million monthly readers. At CapitalAI Daily, Henry brings a decade of newsroom experience to fast-paced reporting on AI breakthroughs, market shifts, fraud cases, and regulatory battles. His focus is on accuracy, clarity, and exposing how money moves in the age of artificial intelligence. Henry’s work has been cited by leading financial outlets, investment firms, and research communities tracking the future of markets. He is committed to a high editorial standard rooted in transparency and trust.
A top technology investor is eyeing the possibility of another multitrillion-dollar AI firm, one co-founded by Elon Musk, joining the market’s elite. In a new interview with WEALTHTRACK, Baron Opportunity Fund portfolio manager Michael Lippert says OpenAI is just getting started and could easily have billions of users in the coming years. “I mean, 800 million users. It’s the fastest adoption in history. Before that was Instagram, then TikTok, and now it’s OpenAI. And I think pretty soon we’re going to have a billion weekly active users on that. But remember, Meta, Facebook and Instagram, they have three billion people…
A Goldman Sachs executive says the current AI boom doesn’t yet resemble the dot-com bubble as stock market leaders continue to tout strong balance sheets. In a new episode of the bank’s The Breaks of the Game podcast, Tony Pasquariello, head of hedge fund client coverage at Goldman Sachs, says today’s leaders are more profitable and better capitalized than the market darlings of 1999 and 2000. He cites research from Goldman’s chief global equity strategist Peter Oppenheimer showing that top-index stocks today are in a much better financial footing than those from the dot-com era. “I think Peter Oppenheimer did…
A leading researcher at Meta’s Superintelligence Labs says technology is rapidly advancing to a level where the cost of intelligence is zero. Speaking at the Stanford AI Club, Jason Wei, one of the researchers behind large-scale reasoning work at Meta, says advances in adaptive compute are ushering in an era where intelligence becomes as accessible as electricity or data bandwidth. According to Wei, AI has surpassed the early frontier stage, or a phase when systems can’t perform tasks effectively. He says AI is now in the second phase, where AI gains an ability that can be commoditized. Using the Massive…
Japanese investment behemoth SoftBank is doubling down on OpenAI but only if the ChatGPT creator gets its corporate structure right. SoftBank has reportedly greenlit a second $22.5 billion installment to complete its planned $30 billion investment in OpenAI, Reuters reports. The deal hinges on the AI company finalizing a corporate overhaul that would clear the path for a potential initial public offering (IPO), says a person familiar with the matter. The board approval follows SoftBank’s initial $10 billion commitment earlier this year. The remaining funds, set aside in December, are contingent on OpenAI’s transition to a for-profit structure before year-end,…
A top Microsoft executive says the company is taking a contrarian stance in the AI era—betting on human-centered optimism rather than automation or attention-driven design. In a statement unveiling the Copilot Fall Release, Mustafa Suleyman, CEO of Microsoft AI, says the company’s mission is to build technology that should “work in service of people,” and not the other way around, ever. Instead of developing an AI that replaces human judgment, Microsoft says it is designing its systems to help people come up with better decisions, while sparking creativity and deepening connections. “There’s a lot of noise around AI. Headlines, hype,…
BlackRock says investors chasing the AI trade should widen their focus to other powerful market themes. In a new interview with Fox Business, BlackRock head of equity ETFs Jay Jacobs says diversification remains the central rule of long-term investing, even as AI continues to dominate attention. Jacobs says investors can still benefit from the rise of AI, but warns that concentration in the Magnificent Seven stocks has left many portfolios overly exposed to a handful of names. “Getting targeted on specific themes like AI or infrastructure, which has been really supported during this kind of reshoring effort and changing supply…
Robert Kiyosaki says a new financial divide is emerging between those who embrace digital assets and those who cling to what he calls “old thinking.” In a series of X posts, the personal finance guru author says traditional strategies like saving cash and investing in retirement plans are leaving people behind as inflation and technological disruption widen the wealth gap. He warns that outdated financial habits could turn today’s economic inequality into what he calls a “Grand Canyon” between rich and poor. “MY CONCERN: ‘Old Thinking vs New Thinking’ GAP between rich and poor becomes: GRAND CANYON between rich and…
A criminal network posing as South Korean actor Lee Jung-jae has defrauded a woman of hundreds of thousands of dollars in a romance scam that leveraged generative AI. Police say the scammers used manipulated images of the Squid Game star along with a fake driver’s license to deceive a woman in her 50s, leading to losses of around 500 million won, or roughly $370,000, reports The Korea Times. The romance scam is now under investigation, with authorities probing possible links to a wider criminal operation based in Cambodia. In a public statement, Lee’s agency, Artist Company, condemns the impersonation and…
A top AI researcher says the growing chorus warning of an AI bubble is detached from reality, arguing that rapid advances inside frontier labs point to something much larger on the horizon. In a new interview on the MAD Podcast, Anthropic scientist Julian Schrittwieser says progress in artificial intelligence is accelerating at a pace that many outside the lab are calling for an AI bubble. He compares public skepticism to the early stages of an exponential trend that were underestimated until they suddenly became overwhelming. “And then I started thinking about this and like, all the talk about AI bubbles…