OpenAI’s chief executive, Sam Altman, has raised a scenario that diverges sharply from science fiction portrayals of rogue machines. In an interview with Axel Springer CEO Mathias Döpfner, Altman warns that artificial intelligence could reshape humanity without wars or consciousness. According to the OpenAI CEO, AI could take over the world even if users are simply trying to do good. “The model in some abstract sense sort of accidentally takes over the world. And you can imagine a way this happens by thinking about what’s happening with ChatGPT. So hundreds of millions of people talk to ChatGPT, soon billions, and…
Author: Henry Kanapi
JPMorgan is betting that artificial intelligence will remain a powerful tailwind for equities, joining a broader set of forces that could extend the market’s rally into 2026. In a new CNBC interview, Elyse Ausenbaugh, head of investment strategy at JPMorgan Wealth Management, says momentum in US stocks has held despite a difficult 2025 backdrop. Looking ahead, she says both the macro environment and AI infrastructure spending point to continued strength. “We do think the momentum is going to continue. I mean, when you think about the macro backdrop, obviously, it’s been a challenging 2025. But as we look ahead to…
Trillion-dollar asset manager Brookfield places one of the largest numbers yet on the AI buildout, saying that trillions in fresh capital will be required to finance the sector’s rapid expansion. Brookfield Asset Management’s chief financial officer, Hadley Peer Marshall, estimates that $7 trillion in investments is needed to fund the AI infrastructure buildout, reports Bloomberg. The projection comes as fellow asset manager Blackstone reveals a rare investment play that presents a chance for exceptional, long-term returns that may not be seen again for a very long time. In a video update, the $1.21 trillion firm estimates that up to $2…
Meta (META) is doubling down on artificial intelligence with a pair of multi-billion-dollar moves that highlight both its reliance on outside compute and its drive to build custom silicon. The company signed a $14.2 billion agreement with CoreWeave (CRWV) to lock in access to Nvidia-powered infrastructure through December 2031, with an option to extend into 2032, reports Reuters. CRWV surged 15% on the news, valuing the firm at about $60 billion. The contract gives Meta access to Nvidia’s latest GB300 systems. For the social media giant, the deal underscores its effort to strengthen the backbone behind products such as its…
A new report from the DV Fraud Lab says AI is driving the rise in the number of fraudulent mobile apps, threatening advertisers and exposing cracks in Apple’s and Google’s gatekeeping systems. The analysis shows a steep rise in apps built to hijack devices or pump fake ad impressions, many powered or generated with artificial intelligence. DV says the surge is hitting both iOS and Android ecosystems, but the impact is most severe on Google’s platform. The cybersecurity research firm finds that fraudulent Android apps are now appearing at nearly six times the five-year average, while fraudulent iOS apps are…
Barclays rejects claims that artificial intelligence has inflated into another tech bubble, but the bank warns a far wider set of stocks now faces heightened exposure if AI spending slows. In a new CNBC interview, Venu Krishna, head of US equity strategy at Barclays, says the biggest technology firms are already reaping tangible benefits from AI. “What I would say is that they are already monetizing it. So in their core businesses, which range from e-commerce to cloud services to advertising and other areas, they’re already deploying and monetizing it. For example, in the software stack itself where their core…
The chief executive of chip designer Arm (ARM) says a new wave of artificial intelligence hardware could eclipse even the vast data center market. In a panel discussion at the All-In Summit, Rene Haas singles out physical AI, chips embedded in robots and devices, as a market that may exceed the scale of the cloud buildout. Haas frames the opportunity as one of unit volume, driven by how many chips a single machine could carry. “Yeah, physical AI is going to be a gigantic market. [Bigger than data centers?] Yeah, I think so. Today, they largely use repurposed automotive chips…
A new wave of AI-powered malware is infiltrating organizations worldwide, disguised as legitimate software and carrying the potential for widespread disruption. Cybersecurity researchers at Trend Micro warn that the trojan, tracked as EvilAI, poses as productivity or AI-enhanced utilities with professional interfaces and valid digital signatures. The deception has enabled the malware to penetrate both corporate and personal systems across multiple continents. First detected in late August, EvilAI infections have already appeared in Europe, the Americas, and the AMEA region, with early telemetry showing more than 100 confirmed cases. India has reported 74 incidents, followed by the United States with…
JPMorgan Chase and Bank of America are accelerating their artificial intelligence agendas, each with different blueprints for the future of finance. JPMorgan Chase, the largest bank in the US by market capitalization, says it is being “fundamentally rewired” for the AI era, reports CNBC. JPMorgan’s effort centers on a proprietary platform called LLM Suite, which aggregates leading large language models from OpenAI and Anthropic. Fed with internal data every eight weeks, the system is designed to give employees AI agents capable of handling complex, multistep tasks across banking operations. Says JPMorgan chief analytics officer Derek Waldron, “The broad vision that…
Brookfield’s chief executive says the firm’s long history in power, real estate, and data centers has placed it squarely in the path of a generational AI buildout. During an investor day fireside chat, CEO Bruce Flatt says the company’s experience gives it an edge as artificial intelligence reshapes infrastructure demand worldwide. “We’ve been doing this a long time. We’ve been building power plants a long time. We’ve been building data centers a long time. We’ve been developing real estate a long time. And the combination of those three things is really what this is. And fortuitously, we ended up at…
