Two of the world’s largest technology companies are simultaneously cutting their workforces while committing hundreds of billions of dollars to artificial intelligence, illustrating how the AI arms race is reshaping the economics of Big Tech employment. Meta confirms plans to lay off roughly 8,000 employees, approximately 10% of its 79,000-strong workforce, with the cuts set to begin on May 20th, CBS News reports. In an internal memo to workers, the company says the job cuts are intended to make the organization more efficient and to offset its other investments. In the firm’s Q4 2025 earnings report, Meta CFO Susan Li…
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.
OpenAI has launched its most capable AI model yet, built to carry complex tasks through to completion without requiring constant human guidance. In a new thread on X, OpenAI says GPT-5.5 is rolling out today for Plus, Pro, Business and Enterprise users across ChatGPT and Codex, with GPT-5.5 Pro also available for Pro, Business and Enterprise users in ChatGPT. OpenAI says the new model is not an incremental upgrade but a new class of intelligence designed specifically for the demands of agentic work. “GPT-5.5 is a new class of intelligence for real work and powering agents, built to understand complex…
OpenAI has hit a new record-high in implied market capitalization, not on Wall Street, but on Solana, where tokenized pre-IPO shares of the ChatGPT maker are trading around the clock on the Jupiter decentralized exchange. According to data from Jupiter, OpenAI’s tokenized pre-IPO shares are currently trading at $1,600.02, up 27% recently, with the platform’s own data showing a Stock MC, the implied market capitalization derived from the token price, of $1 trillion. An investor return analysis of OpenAI that recently made rounds on social media networks showed that the ChatGPT maker has a current post-money valuation of $852 billion.…
Citigroup is unveiling an artificial intelligence-powered wealth management assistant built in collaboration with Google Cloud and Google DeepMind. In a new press release, Citi Wealth announces Citi Sky, an always-on AI assistant designed to help clients access insights and act on financial decisions in real time. The rollout will begin this summer for Citigold clients in the US, with a phased expansion planned. Andy Sieg, head of Wealth at Citi, says the system is designed to change how clients interact with their finances. Instead of navigating multiple tools, he says the experience will shift toward direct interaction. “We believe Citi…
Coinbase has launched what it is calling the App Store for AI agents, a marketplace where autonomous AI systems can discover, pay for and consume services from other AI systems without human intervention, API keys or traditional payment infrastructure. The platform, called Agentic Market, is powered by the x402 payment protocol and built primarily on Base, Coinbase’s layer-2 blockchain network. According to Base, the infrastructure underpinning the marketplace has already settled over 167 million x402 transactions, with 85% of those settling on Base. “Agentic(.)Market takes it to the next level with an agent-to-agent marketplace. The next stage in agentic acceleration,…
Billionaire venture capitalist Chamath Palihapitiya says the conventional wisdom about where to invest in the AI infrastructure boom is no longer correct, and that a landmark deal struck by Elon Musk has made the new reality impossible to ignore. In a new X post, Palihapitiya says the AI race has entered a new phase where the bottleneck is no longer model quality but physical infrastructure. “The game theory in AI has shifted. Having a leading foundational model is important, but increasingly, it is the zoning-approved, powered land that is the gating bottleneck. Add turnkey access to silicon, and it’s checkmate.”…
A veteran Wall Street strategist says Bitcoin is on the verge of entering the most favorable macro conditions it has ever experienced, and that a specific economic trigger will confirm the setup is in place. In a new X post, Jordi Visser, former managing director at Morgan Stanley, highlights that publicly listed Bitcoin-focused companies have been massively outperforming software stocks since the S&P 500 bottomed on March 30th. According to Visser, the data suggests that savvy investors are sniffing out the possibility that the macro setup is about to become extremely favorable for BTC. “Last week, I highlighted the correlation…
A senior portfolio manager at Morgan Stanley Investment Management says one of the most compelling investment opportunities in years is sitting in plain sight, and that Wall Street’s obsession with short-term metrics is causing most investors to miss it entirely. In a new CNBC interview, Andrew Slimmon says the disconnect between how Wall Street and Silicon Valley are interpreting AI capital expenditure is creating exactly the kind of mispricing that long-term investors should be exploiting. “This is a classic battle between Wall Street’s focus on short-termism and companies that are willing to invest for the long term. Wall Street is…
A senior Wall Street strategist is making one of the boldest market calls of the year, predicting the S&P 500 will shatter 8,000 before 2026 expires. In a new Schwab Network interview, Jim Thorne, chief market strategist at Wellington Altus Private Wealth, says the signal to go risk-on has already fired, and that investors who miss what comes next will find it difficult to catch up. “When the yield on the 10-year failed to breach 4.50% and started to reverse, that was the signal to go risk on. So that was late March. We’re going to 8,000 by the end…
A New York Stock Exchange-listed Asian food company is building one of the most sophisticated corporate Bitcoin (BTC) treasury operations in the world. In a new Letter to Shareholders, DDC Enterprise (DDC) CEO Norma Chu says the company has evolved beyond its origins as a food platform. “DDC is a global Asian food platform with a world-class Bitcoin treasury and, as of this week, an AI infrastructure to manage it at institutional scale. That is not a pivot. It is an evolution — deliberate, disciplined, and still just beginning.” According to Chu, DDC now holds 2,383 BTC, worth about $182…