The famed short seller who built his career exposing bubbles and fraud says today’s artificial intelligence (AI) frenzy is starting to look like the last great tech overbuild. In a new interview with the Institute for New Economic Thinking, Jim Chanos points to the pace of capital spending by US tech giants on chips and data centers, comparing it to the telecom and dotcom mania of the late 1990s. Chanos says the Mag 7 firms are spending heavily to buy chips and build out data centers, and firms like Nvidia are raking in profits, a scenario that he witnessed about…
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.
Nvidia (NVDA) stock could still have plenty of room to run to the upside, according to one Wall Street analyst who sees revenue scaling to extraordinary levels by the end of the decade. In a new CNBC interview, Ben Reitzes, head of technology research at Melius, says Nvidia’s long-term growth potential remains unmatched despite near-term volatility. Shares of the semiconductor giant traded slightly lower following its latest earnings report, weighed down by muted guidance around China and a slower ramp for the firm’s new Blackwell chips. But Reitzes argues that the broader growth story outside of China remains firmly intact.…
A South Los Angeles woman sold her condo and lost tens of thousands of dollars after scammers used artificial intelligence (AI) to impersonate a popular soap opera star. Abigail, a longtime fan of General Hospital, began receiving what she believed were personal messages from actor Steve Burton, reports ABC 7. The contact started with deepfake videos sent over Facebook Messenger and later shifted to WhatsApp, where the scammer professed love and promised a life together. Convinced the actor needed financial help, Abigail sent at least $81,304 in gift cards, cash, and Bitcoin, according to a Los Angeles Police Department incident…
The artificial intelligence (AI) trade is flashing signs of broadening beyond mega-cap tech names, according to banking titan JPMorgan Chase. In a new CNBC interview, JPMorgan Chase’s chief market strategist for the Americas, Gabriela Santos, says the market is shifting toward a wider set of opportunities tied to AI adoption. She notes that while the largest technology companies continue to post strong numbers, the pace of earnings surprises has slowed. That deceleration, she argues, has opened the door for other areas of the market to gain traction. “It’s just the magnitude of the earnings beats has been decelerating, and so…
Alibaba is stepping into Nvidia’s gap in China with a new (artificial intelligence) AI chip as NVDA shares drop despite record-breaking sales. The e-commerce giant has unveiled a processor built for a broader range of inference tasks, aimed at customers blocked from accessing Nvidia hardware, the Wall Street Journal reports. The chip is being manufactured by a Chinese foundry rather than Taiwan Semiconductor Manufacturing, a shift that underscores Beijing’s goal of technology self-reliance. People familiar with the matter say Alibaba’s new chip is designed to handle a wide array of AI inference tasks, but notes that the tech is still…
A new report from Anthropic details how a threat actor harnessed Claude Code to conduct an entire cyberattack lifecycle, from reconnaissance to extortion, in what researchers call “unprecedented” integration of artificial intelligence (AI). In its August 2025 Threat Intelligence report, Anthropic says it dissected the cybercriminal operation known as GTG-2002, which reportedly targeted 17 organizations across the globe. According to the AI safety and research company, the attacker relied on Claude not only to support technical operations but also to make tactical and strategic decisions, including which networks to penetrate, what data to steal, and how to craft extortion demands…
Nvidia’s chief executive says the rise of artificial intelligence (AI) is not only set to transform global productivity but could also change the very structure of work. In a new interview on Fox Business, Jensen Huang says the rise of artificial intelligence will allow humans to do more while spending fewer hours at work. He also says that efficiency gains will open the door to more innovation. “I have to admit that I’m afraid to say that we are going to be busier in the future than now. And the reason for that is because a lot of different things…
Federal Reserve Governor Christopher Waller says the central bank is conducting technical research into artificial intelligence (AI) as part of its effort to modernize the U.S. payments system. Speaking at the Wyoming Blockchain Symposium, Waller describes a sweeping transformation across the industry. “The payment system is experiencing what I have called a ‘technology-driven revolution,’ where the latest advances in computing power, data processing, and distributed networks have fueled growth in innovative new payment services.” He says AI is emerging as a powerful enabler for both private and public sector payment services. “Here, AI is not serving as payments infrastructure but…
Fraud losses are mounting across the U.S. as artificial intelligence fuels more sophisticated scams. Experian’s latest Identity and Fraud Report shows that nearly 60% of companies are reporting higher year-over-year fraud losses. The global data and technology company notes that identity theft, transactional payment fraud, account takeover, peer-to-peer payment scams and first-party fraud are the top fraud events witnessed in the last 12 months. Kathleen Peters, Chief Innovation Officer at Experian North America, says the pace of digital crime is overwhelming defenses. “With the widespread use of generative AI, fraud is evolving faster than many businesses can keep up with.”…
A cybersecurity threat intelligence firm is warning that it has discovered the emergence of the first ransomware sample known to be powered by artificial intelligence (AI). In a new thread on X, Eset Research says it has uncovered PromptLock, a malware running OpenAI’s GPT-oss:20b model through the Ollama API. According to the security researchers, the malware generates Lua scripts that scan local files, exfiltrate data, and perform encryption across Windows, Linux, and macOS. “ESET Research has discovered the first known AI-powered ransomware, which we named PromptLock… Based on the detected user files, the malware may exfiltrate data, encrypt it, or…