OpenAI CEO Sam Altman says concerns about the circular nature of AI deals may look valid on the surface, but they don’t hold water from an economic standpoint. In a new post on X, Sam Altman announces that OpenAI has raised $110 billion in its latest funding round from Amazon, Nvidia and Softbank. Amazon has committed $50 billion, including $15 billion upfront, with the remaining $35 billion contingent on OpenAI meeting certain conditions. Meanwhile, Nvidia and SoftBank are investing $30 billion each. Following the latest funding round, OpenAI is estimated to have a $730 billion pre-money valuation. In a new…
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.
President Donald Trump is moving to ban the use of Anthropic’s technology in government agencies after the tech firm refused to bow down to the Pentagon’s demands. Earlier this week, Defense Secretary Pete Hegseth gave Anthropic until 5:00 pm Friday to agree to the department’s terms or risk facing severe consequences. The Pentagon wanted Anthropic to loosen AI guardrails and allow the use of its models for any lawful purpose. But Anthropic and CEO Dario Amodei redlined the use of Claude for mass domestic surveillance and fully autonomous weapons. “We cannot in good conscience accede to their request.” Following the…
Banking giant Morgan Stanley believes that the recent market swings resemble the growing pains of a new investment cycle, not the beginnings of a broader downturn. In a new episode of the bank’s Thoughts on the Markets podcast, Morgan Stanley CIO Mike Wilson says the correction in tech today is typical of an early-stage bull market. He also points to a key factor that makes the current cycle different from the excess witnessed during the dot-com bubble. “What we’re seeing now is typical of a major investment cycle. Volatility increases as markets challenge the pace of unbridled spending. Dispersion increases…
The co-author of the viral Citrini AI report sounds the alarm about the state of white-collar labor after a financial services firm abruptly slashed its workforce by nearly half. On Thursday evening, Block CEO Jack Dorsey announced that the company was reducing its workforce from 10,000 to 6,000 in one go as it adopted intelligence tools. News of the layoffs sent shockwaves across X, capturing the attention of Alap Shah, who laid out a scenario with Citrini Research in which the unemployment rate soared to 10.2% in 2028 as AI exceeded expectations. In a new post on X, Shah says…
A former senior Air Force official is weighing in on the growing dispute between Anthropic and the Pentagon. Retired Air Force Lieutenant General Jack Shanahan, who led Project Maven and previously clashed with Google over defense AI work, says on LinkedIn he understands the Defense Department’s desire for access to the best technology. But he notes that he finds Anthropic’s redlines reasonable. “Anthropic is committed to helping the government. Claude is being used today, all across the government, to include in classified settings. MSS (Maven Smart System) uses Claude, and you won’t find a system with wider & deeper reach…
Software stocks have taken a sharp hit this year, but Goldman Sachs sees opportunity in the wreckage. In a new video update, Brook Dane, co-head of public tech investing at Goldman Sachs Asset Management, says the pullback has been broad and overly aggressive. “So far this year, software stocks are down a staggering 20%. Basically, investors are concerned that agentic AI will replace many software products. But the selling has been completely indiscriminate.” While some software business models could face pressure from artificial intelligence tools, Dane says there are names primed to emerge as winners from the AI-driven disruption. “There’s…
The financial services firm Block (XYZ) is surging in after-hours trading after CEO and co-founder Jack Dorsey announced that the firm is slashing its workforce by nearly half. In an announcement on X, Dorsey says the company is making one of its hardest decisions in history. “We’re reducing our organization by nearly half, from over 10,000 people to just under 6,000. That means over 4,000 of you are being asked to leave or entering into consultation.” Dorsey says that while the big decision carries risk, he notes that the firm made a full review of the roles and the people…
Controversial short-seller Michael Burry says Nvidia (NVDA) is taking one big risk that’s not showing up in the headlines. In his new post on Substack dubbed Short Thought: Nvidia Ratchets Up the Risk, Burry says the chipmaker’s February 2026 Form 10-K shows that it has accumulated purchase obligations to the tune of $95.2 billion, up from just $16.1 billion in 2025. When inventory is added, Burry says Nvidia has $117 billion in total supply obligations, which he highlights nearly matches the firm’s operating cash flow for the year. “To be clear, NVDA has been forced to place non-cancellable purchase orders…
Financial markets may be entering a dangerous phase, according to Moody’s Analytics chief economist Mark Zandi. In a new post on X, Zandi says conditions are aligning for what he predicts will be a significant sell-off across asset classes. According to the economist, the market looks frothy amid sky-high investor optimism. “Financial markets feel increasingly fraught to me, with the elements for a meaningful sell-off coming into place. This threat is highest for stocks and corporate bonds, but even crypto, gold, and silver remain at risk despite recent pullbacks. Valuations are high. There are good fundamental reasons for this, but…
Jensen Huang says investors misreading the impact of agentic AI on software companies may be underestimating what comes next. In a new CNBC interview, the Nvidia chief executive believes that rather than replacing enterprise software tools, AI agents are likely to drive more usage. Huang explains that large software platforms are well-positioned to build specialized AI agents on top of their existing systems. “I think the market’s got it wrong. I think it’s very likely that these companies that we’re talking about are going to introduce agents that run on their platforms. Nobody’s going to understand customer service better than…