Tesla and xAI founder Elon Musk believes that AI and robots will eventually eliminate the need for humans to do any type of work. In a post on X, the billionaire says humans will live a carefree life in the age of artificial intelligence and robotics. “AI and robots will replace all jobs. Working will be optional, like growing your own vegetables, instead of buying them from the store.” His view comes following reports that tech giant Amazon is exploring the idea of using robots to replace 600,000 US workers by 2033. Says Amazon’s robotics team, “With this major milestone now…
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.
E-commerce and tech giant Amazon is gearing up for the age of AI, as it looks to replace hundreds of thousands of US jobs with robots. Executives now believe Amazon can automate a majority of its U.S. operations, sharply reducing future hiring needs while expanding output, reports the New York Times. The company’s workforce has more than tripled since 2018 to nearly 1.2 million, but its automation team projects it can avoid hiring 160,000 additional employees by 2027. Internal strategy documents show the savings would total about 30 cents for every item picked, packed and shipped. By 2033, Amazon expects…
Google is in early discussions with Anthropic about a potential multibillion-dollar deal to support the Claude creator. According to people familiar with the matter, the proposed deal could be valued in the high tens of billions of dollars, underscoring the deepening dependency between AI developers and the tech giants that power their models, reports Bloomberg. Sources say the deal remains under discussion and would see Google supplying cloud computing power to Anthropic. For now, details of the deal remain private. Both Google and Anthropic declined to issue comments on the matter. The arrangement would expand Google’s existing role as both…
Billionaire Bill Ackman says the global race to build the artificial intelligence infrastructure carries one potential downside. In a new CNBC interview, the Pershing Square Capital founder says today’s AI boom is comparable to earlier technological revolutions that permanently reshaped economies and capital markets. But he says investors should be cautious about the possibility of overproduction amid the mania. “It’s a bit like the railroad. It’s a bit like fiber. The worst-case scenario is we have excess capacity.” While investors may face short-term pain from overbuilding, he says the world would ultimately benefit. “Intelligence is not something that you’re ever…
A top strategist at Bank of America says the AI boom reshaping markets isn’t speculative, noting that it’s still early, and its economic impact is just beginning to ripple through. In a new Fox Business interview, Merrill and Bank of America Private Bank Chief Investment Officer Chris Hyzy says artificial intelligence has entered the efficiency phase, driving a powerful wave of capital spending that continues to lift growth across the economy. “The three components of the GDP, nominal GDP growth over the next few years, you have to put this consumer right in the center, like we usually do. Housing…
ARK Invest founder Cathie Wood says the next leg of the AI revolution won’t come from chatbots or chips. In a new interview on the Global Money Talk YouTube channel, Wood says the multiomics revolution is the most “undervalued, underappreciated and misunderstood” AI application today. Multiomics combines data from genomics, proteomics, metabolomics and other biological layers to reveal how diseases develop and respond to treatment — a field now accelerating through AI-driven pattern recognition. She says the investment play is starting to gather steam following one fundamental change. “Having, I think that pure play portfolio, the genomic revolution portfolio, I…
Billionaire investor Ray Dalio says his newly developed “Digital Ray” is an AI clone trained on decades of his writing, interviews and decision-making systems. In a new post on X, the Bridgewater Associates founder says he’s entering what he calls “the most exciting phase” of his life’s work: merging human intelligence with artificial intelligence to create decision-making partners that think and reason as he does. “Together they have the power to make extraordinarily effective decisions that neither the individuals without the AIs nor the AIs without the people can make on their own.” He describes “Digital Ray” as a version…
A new study shows that top corporate executives believe that the time for humans to do IT work without AI assistance is coming to a close. A study conducted by business and technology insights firm Gartner in July of this year surveyed more than 700 chief information officers (CIOs) about the potential impact of AI on company workflows. The survey finds that chief information officers expect no IT work will be done by humans alone by 2030, underscoring how deeply artificial intelligence is expected to embed into the technology workforce. Data also shows that 75% of IT work will be…
The top economist at the trillion-dollar firm Allianz says the US economy is now highly dependent on the burgeoning AI industry. In a new CNBC interview, Allianz Chief Economic Advisor Mohamed El-Erian says America’s current outperformance is being powered by AI-driven productivity gains, not broad structural strength. He also calls the AI boom a “rational bubble.” “There is no doubt that we are in an AI-driven economy. And for good reason. The promise of AI in terms of productivity gains is huge. So if we didn’t have AI, we wouldn’t look as good as we do now, and we wouldn’t…
An MIT study unveils the reasons the vast majority of companies investing in generative AI are failing to see measurable returns, despite tens of billions spent on the technology. The State of AI in Business 2025 report by MIT researchers under Project NANDA conducted 52 structured interviews across enterprise stakeholders, systematically analyzed more than 300 public AI initiatives and announcements and surveyed 153 leaders. Data shows that while AI adoption has exploded, only a handful of companies are realizing tangible financial impact. “Despite $30–40 billion in enterprise investment into GenAI, this report uncovers a surprising result in that 95% of…