Author: Henry Kanapi

Citadel Securities is countering Citrini’s AI-driven US unemployment scenario, noting that multiple forces act as natural barriers toward mass job displacement. In its 2026 Global Intelligence Crisis report, Citadel first cites data from the St. Louis Fed’s Real Time Population Survey to show that AI diffusion speed might be creeping up, but is in no way flashing signs of near-term displacement risk. “We would posit that if AI represents imminent displacement risk, the real-time population data would show an inflection upwards in the daily use of AI for work. The data seems unexpectedly stable and presents little evidence of any…

Nvidia announces record revenue figures that underscore how central AI infrastructure has become to global tech spending. In its latest earnings report, the chipmaker says it generated $68 billion in quarterly revenue, beating estimates of $66 billion. Earnings per share came in at $1.62 versus expectations of $1.54, while data center revenue reached $62 billion, ahead of the $60 billion consensus. Meanwhile, gross margins held at 75%, in line with forecasts. For the first quarter, Nvidia guides revenue to $78 billion, well above estimates of $72 billion, and says the outlook does not assume any data center compute revenue from…

The CEO of a firm overseeing over $1 trillion in assets reveals the two risks that could bring the global financial system to its knees. In an interview with The Pulse, Brookfield chief executive Bruce Flatt says recent stress in the $1.8 trillion private credit market does not pose a systemic threat to the global economy. “Private credit is very small and software loans are even smaller. And in a global situation, the credit markets are very, very large, and this is not a systemic issue.” Flatt adds that only two areas have the capacity to destabilize the global financial…

Jamie Dimon says today’s market backdrop is starting to resemble the mid-2000s, when easy gains masked mounting risks. Speaking at JPMorgan’s 2026 Company Update, the bank’s chief executive said he was witnessing investor behavior reminiscent of the years leading to the 2008 Global Financial Crisis. While Dimon says people are enjoying market gains, he warns that the music will eventually stop. “Unfortunately, we did see this in ’05 and ’06 and ’07, almost the same thing. The rising tide was lifting all boats. Everyone was making a lot of money. I don’t know how long it’s going to be great…

A JPMorgan Chase strategist says volatility around the artificial intelligence trade is likely to persist, but the playbook for investors remains familiar. In a Bloomberg interview, Erik Wytenus, head of EMEA Investment Strategy at JPMorgan Private Bank, says the current “AI fear trade” reflects a broader pattern seen in past waves of technological disruption. “There’s no doubt that there’s going to be some winners and losers through this era of disruption in terms of AI. And that is actually commonplace with disruptive and new technologies over time. So in that respect, it’s probably not going to be that different from…

BlackRock’s chief investment officer says investors can no longer rely on the same technical support that buoyed hyperscaler stocks in recent years. In a CNBC interview, Rick Rieder says his team has adjusted BlackRock’s positioning across major cloud and AI infrastructure names as capital spending accelerates and market dynamics shift. “I think how you think about different hyperscalers, and without going through individual names, we’ve adjusted some of our positioning around that because, quite frankly, I think you need to see the IRR (internal rate of return), and you need to see the durability of some of the businesses underneath…

A new compensation report suggests companies are moving quickly to embed AI into jobs, but not necessarily into pay structures. In its 2026 Compensation Best Practices Report, Payscale says 30% of organizations are replacing workers with AI or planning to do so in the future. The report also finds that most companies are already changing job descriptions, but more than half have not adjusted compensation accordingly. “61% of organizations have updated existing roles to include AI-related skills or competencies. 55% have yet to do anything to adjust compensation for AI skills.” The data suggests that companies are accelerating adoption on the…

The Pentagon has delivered an ultimatum to Anthropic, the only AI company currently operating on classified military systems. Defense Secretary Pete Hegseth told Anthropic it must agree to the department’s contract terms by 5:01 p.m. Friday or face severe consequences, The New York Times reports. If the company refuses, the administration could invoke the Defense Production Act, compelling access to its model while simultaneously labeling Anthropic a supply chain risk, a move that could jeopardize existing government contracts. The standoff follows a Tuesday meeting at the Pentagon between Hegseth and Anthropic CEO Dario Amodei. While the discussion was described as…

Alap Shah warns AI could destabilize the labor market and the consumer economy if job displacement accelerates without a policy response. In a new Bloomberg interview, the co-author of the viral Citrini AI report believes that it’s about time to update the tax code to support Americans who might get displaced as AI drives large productivity gains across corporate America. “If we let AI replace the jobs without taxing the AI appropriately, then it can really get to the core of the consumer economy, and that’s where some of the real contagion cases can happen. As long as we are…

The Nvidia rival AMD is positioning itself for what it believes will be an AI hardware cycle to the tune of $1 trillion. In a new CNBC interview, AMD CEO Lisa Su reiterates her total addressable market estimate for AI hardware, noting that tech companies need more than one type of chip to power their compute needs. “I would take a step back and say, look, we are sizing this AI accelerator market at a trillion dollars over the next five years. It’s a huge, huge market. And we’re actually at an inflection point where I’m a big believer in…