JPMorgan Asset Management has thrown its weight behind Numerai with a $500 million capacity commitment, fueling one of the sharpest rallies yet for the AI-powered hedge fund’s native token. Numerai’s NMR coin surged more than 115% in 24 hours following the announcement, doubling in value as investors latched onto Wall Street’s endorsement of a crowdsourced approach to machine-learning strategies. The deal pushes Numerai’s assets under management toward the $1 billion mark, after a breakout 2024 in which the fund posted a 25.45% net return with a 2.75 Sharpe ratio. Founded in 2015, Numerai runs a tournament that invites thousands of…
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.
Morgan Stanley says the next wave of artificial intelligence (AI) may do more than boost productivity. In a new CNBC interview, Stephen Byrd, the bank’s global head of thematic research, says the economics of robotics are shifting fast, hitting a stage that embodied AI or robots could now erase China’s long-standing cost advantage in manufacturing. “At about a 20% penetration level of robots in US factories, the landed cost of products produced in the United States would be the same as a product manufactured in China and brought to the US. So that is absolutely huge. And that can change…
Elon Musk’s AI startup is dragging Apple and OpenAI into court, accusing them of striking an illegal pact that hands ChatGPT a monopoly inside the iPhone. The lawsuit, filed in Texas federal court by X Corp. and xAI, claims Apple’s exclusive deal to integrate ChatGPT into iOS shuts out every other generative artificial intelligence (AI) competitor, including Musk’s own Grok. “Apple would integrate ChatGPT into iOS. This deal is exclusive. Apple has not integrated with any other generative AI chatbots, including xAI’s Grok.” At the center of the case is Apple’s alleged decision to make ChatGPT the default, and only,…
Apple is weighing whether to let Google power the brain of Siri, a move that would mark a stunning break from its long-held strategy of building artificial intelligence (AI) in-house. The iPhone maker is in early talks to license Google’s Gemini models to run on its servers, Bloomberg reports. The deal would give Siri a new backbone after years of delays and false starts, while thrusting Apple into an uneasy alliance with its fiercest rival. Shares of both companies jumped on the news. Google (GOOGL) climbed 2.9% to $205.46 in New York trading Friday, while Apple (AAPL) rose 1.4% to…
A Fortune 500 cybersecurity giant is sounding the alarm after investigators confirmed that a ransomware crew relied on generative AI to accelerate its campaign against more than one hundred organizations worldwide. In its Q2 Threat Report, Gen Digital notes that FunkSec first appeared late last year, initially focused on data theft and extortion rather than encryption. The gang’s leak site listed its first victim in December, with attacks expanding into the new year. At least 113 companies across the U.S., Italy, Spain and Brazil were struck, including a firm working in child protection. The ransom note — README-{random}.md — appeared…
The world’s largest asset manager is making a colossal bet on artificial intelligence, with regulatory filings showing more than $1.13 trillion allocated across the biggest names in the sector. The latest 13-F filing from the U.S. Securities and Exchange Commission (SEC) shows that BlackRock holds $301.72 billion in Nvidia (NVDA), amounting to over 1.9 billion shares. Nvidia is the dominant supplier of GPUs that power modern artificial intelligence applications, and its stock has soared on the back of AI demand. BlackRock’s second-largest AI holding is Microsoft (MSFT), with $289.28 billion deployed into 581.6 million shares. The tech giant has cemented…
Billionaire investor Stanley Druckenmiller has deployed more than a quarter-billion dollars across three stocks through his Duquesne Family Office, a new SEC filing shows. The firm’s Q2 13F filing shows positions worth $256.45 million in Microsoft, Broadcom and one semiconductor tied to the AI boom. According to the document, Duquesne bought 200,930 shares of Microsoft valued at $99.9 million from April to June of this year. In its latest earnings report, the firm said revenue climbed 18% to $76.4 billion for the quarter ended on June 30, 2025. Net income reached $27.2 billion, up 22% year-over-year, as diluted earnings per…
Billionaire investor Chamath Palihapitiya launches a new blank-check company called American Exceptionalism Acquisition Corp., filing with the SEC to raise $250 million through an initial public offering. In a letter to investors, Palihapitiya says the vehicle is targeting four sectors he considers central to maintaining U.S. supremacy: energy production, artificial intelligence, decentralized finance and defense. The filing shows the SPAC is offering 25 million units at $10 each, creating a $250 million pool to take a private company public. Palihapitiya warns the deal carries substantial risk and says the vehicle is most suitable for institutional investors or retail participants who…
Fraud losses tied to synthetic identities are on track to more than double by the end of the decade, according to a new study from Juniper Research. The report forecasts global losses will surge 153%, climbing from $23 billion in 2025 to $58.3 billion in 2030. Researchers say the rise stems from criminals using artificial intelligence (AI) to forge convincing personas built from stolen and fabricated data. Synthetic identity fraud allows attackers to slip past static verification systems by blending real and fake details, opening accounts and stealing funds before detection. Juniper warns that AI tools now accelerate this process,…
Two US senators press for a congressional investigation into Meta Platforms after a report reveals internal guidelines that permit company chatbots to engage in romantic or sensual conversations with children. Meta confirms the document’s authenticity but says the examples are erroneous and inconsistent with its policies, Reuters reports. The company says it removed the portions earlier this month after Reuters raised questions. Senator Josh Hawley of Missouri calls the disclosure grounds for “an immediate congressional investigation,” writing on X that “only after Meta got CAUGHT did it retract portions of its company doc.” Senator Marsha Blackburn of Tennessee also voices…