Deepfake-driven fraud is rising fast, reshaping the threat landscape for banks, governments and everyday consumers, a data analytics firm warns. In a new press release, SAS says it teamed up with the Association of Certified Fraud Examiners (ACFE) to conduct a cross-industry survey of anti-fraud professionals. Early insights from the survey show that 77% of anti-fraud professionals have seen an acceleration in deepfake-based social engineering attacks over the last 24 months. Meanwhile, 83% expect the trend to climb further, with more than half predicting a significant increase in deepfake social engineering schemes within the next two years. Deepfakes are highly…
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.
“Shark Tank” investor Kevin O’Leary says the outcome of the global artificial intelligence race will not be determined by AI hardware or code. In a new video posted on X, the investor, also known as Mr. Wonderful, says he would bet on one hard asset above everything else amid the massive AI buildout. “Well, I would not change anything in the past, but if I were sent back in time without a penny in my pocket, I would still be an entrepreneur because I prefer to control my destiny. I would take a look at today’s landscape and what I…
Jeffrey Gundlach says the AI boom has pushed US equities into one of the most speculative phases he has ever seen throughout his 40-year career. In a new Bloomberg Odd Lots interview, the billionaire ‘Bond King’ says valuation metrics across the market have now detached from fundamentals. “I think valuations are just incredibly high. And the health of the equity market in the United States is among the least healthy in my entire career in terms of the PE (price to earnings) ratio, the CAPE (cyclically adjusted price to earnings) ratio, all the classic valuation metrics are off the charts.…
Anthropic CEO Dario Amodei says artificial intelligence could trigger sweeping job losses across white-collar work far faster than most analysts expect. In an new interview on 60 Minutes, Amodei reaffirms his view that AI could erase large portions of entry-level roles across consulting, law, finance and other service industries. “That is the future we could see if we do not become aware of this problem now.” He says many of the core tasks performed in those professions are already within the reach of current models. “Well, if we look at entry-level consultants, lawyers, financial professionals, many of the white-collar service…
Tesla and xAI founder Elon Musk cannot believe that fellow billionaire Jeff Bezos has founded a new startup focused on artificial intelligence and robotics. According to people familiar with the effort, the Amazon founder will serve as co-chief executive of Project Prometheus, marking his first official leadership position since stepping down as Amazon’s CEO in 2021, The New York Times reports. Project Prometheus is backed by $6.2 billion in funding, and part of the capital comes from Bezos himself. The company will focus on AI systems built for engineering and manufacturing across multiple industries, including aerospace, computers and automobiles. Bezos…
Michael Burry says the AI capital spending boom has entered the same danger zone that preceded every major market peak of the last three decades. In a new post on X, the “Big Short” investor shared a Bloomberg chart tracking S&P 500 capital expenditures minus depreciation as a share of US GDP. The series highlights four historic peaks tied directly to market blow-offs: the Dot-Com bubble in 2000, the housing bubble in 2007, the shale boom in 2014 and now the cloud and AI buildout. The chart shows that the current investment level minus depreciation is at roughly 1.52% of…
A coalition of lenders is lining up billions of dollars to fuel the next phase of the OpenAI-led Stargate project. In a large-scale project finance deal, about 20 banks are backing a roughly $18 billion loan tied to a new data center campus connected to Oracle and OpenAI’s “Stargate” initiative, Bloomberg reports. The financing group includes some of the world’s most prominent lenders, underscoring the deep institutional capital now flowing into AI compute capacity. Sumitomo Mitsui Banking Corp, BNP Paribas, Goldman Sachs and Mitsubishi UFJ Financial Group are serving as administrative agents. The project, located in Doña Ana County, New…
Allianz chief economic advisor Mohamed El-Erian says the artificial intelligence boom contains undeniable bubble dynamics, even as it continues to attract massive investment. In a new interview with Yahoo Finance, El-Erian says the AI wave is best understood as a “rational bubble,” where huge potential rewards justify aggressive risk-taking, even if many investors get burned. “We believe that we are in a rational bubble. So yes, there are elements of a bubble. And there are three elements in particular of this bubble.” El-Erian says the first danger lies in the massive capital flowing into foundation model builders, even though he…
Franklin Templeton chief executive Jenny Johnson says most companies are misreading where the real value of artificial intelligence will emerge. In a new Bloomberg Originals interview, Johnson says businesses will gain a competitive edge by securing their data first before building their own models. “I do not think most firms will have the same models. I think that firms will leverage things like OpenAI and start to customize. But training the model is going to be all about your own data. That is why one of the first things you do when you are building out AI is you immediately…
The chief market strategist at a billion-dollar asset management firm says Wall Street is getting artificial intelligence completely wrong, mistaking a historic infrastructure buildout for a repeat of the 1990s software cycle. In a new post on X, Wellington-Altus’s top strategist, James Thorne, says investors are misjudging the scale and nature of the AI boom. Thorne points out that AI is not static technology or compiled code, but an entirely different class of system that requires a different set of resources. “As Wall St wrongly proclaims, this is just like the 90s. AI isn’t just another 90s-type software revolution; it…