Cloud-based software company Salesforce is doubling down on its hometown and its AI ambitions. In a new press release, Salesforce says it is investing $15 billion in San Francisco over five years in an effort to fund a new AI Incubator Hub on the company’s campus. It will also support workforce training, city partnerships, and the expansion of the region’s AI ecosystem, part of what Salesforce calls its mission to help businesses evolve into “Agentic Enterprises.” Says Salesforce CEO Marc Benioff, “San Francisco is a city of innovation, talent, and vision. This $15 billion investment reflects our deep commitment to…
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.
Nvidia is extending its reach from hyperscale data centers to the desktop, launching what it calls the world’s smallest AI supercomputer. In a press release, Nvidia says that its CEO, Jensen Huang, personally hand-delivered the first units of DGX Spark to Elon Musk at SpaceX’s Starbase facility in Texas. Nvidia says the system delivers one petaflop of AI performance and 128 GB of unified memory, allowing users to train and run models with up to 200 billion parameters and fine-tune models of up to 70 billion parameters locally. The DGX Spark system also allows developers to build AI agents and…
ARK Invest founder and CEO Cathie Wood says the next decade could deliver one of the largest economic expansions in history, driven by five converging technology platforms, including AI, that she believes will transform productivity across industries. Speaking at the All-In Summit, Wood says her team’s research now centers on technology platforms rather than traditional industry sectors — a shift she views as essential to understanding how innovation is compounding across the global economy. “This time, there are five platforms, not three major platforms, and they involve 15 different technologies. This is very important in terms of how to research…
The number of Americans who fell victim to cybercrime this year jumped 100% as scammers increasingly use AI to deceive victims, according to new research from Finnish cybersecurity firm F-Secure. The company’s 2025 Scam Intelligence & Impacts Report reveals that the rate of Americans victimized by online crime jumped from 31% in 2024 to 62% this year. The US stands behind Vietnam in cybercrime rates, with 9 in 10 residents of the Asian nation reporting being victimized by thieves online. F-Secure researchers also warn that AI tools have transformed the economics of online fraud, allowing attackers to automate deception at…
OpenAI has signed a landmark deal with Broadcom (AVGO) to develop 10 gigawatts of custom AI accelerators, marking another bold step toward hardware independence. Under the deal, OpenAI will design proprietary accelerators and systems that Broadcom will help develop and deploy. The racks, scaled entirely with Ethernet and Broadcom’s networking stack, will be installed across OpenAI facilities and partner data centers to meet surging global compute demand. Says OpenAI co-founder and CEO Sam Altman, “Partnering with Broadcom is a critical step in building the infrastructure needed to unlock AI’s potential and deliver real benefits for people and businesses.” The deal…
Former Goldman Sachs executive Raoul Pal dismisses calls for an AI-driven tech bubble. Pal says on X that the long-term bull market of the Nasdaq 100 (NDX) is within the bounds of its long-term uptrend. The macro expert says that in the late 1990s, the dot-com bubble exploded beyond the log regression channel, indicating the massive overvaluation of tech stocks. “No, it’s not a bubble in tech stocks. We are less than 1 standard deviation (SD) from the trend. You can see what a bubble looks like in the late 1990s when we exploded out of the decade-long log regression…
Fundstrat’s Tom Lee says the US market’s strength isn’t a sign of speculative excess but a reflection of powerful structural tailwinds led by AI and one more catalyst. In a new CNBC interview, the firm’s head of research pushed back on bubble fears, arguing that investors are underestimating how much the twin forces of AI and blockchain are reshaping both corporate strategy and capital flows. “At a time when the US is dominating AI, and of course, now we have this big tailwind as blockchain is an initiative that Wall Street is building products on. So I think there are…
Strategas Research Partners’ Chris Verrone says the recent market pullback hasn’t damaged the foundations of the US equity rally and expects one more move higher before year-end. In a new CNBC interview, the firm’s chief market strategist says the market’s core signals remain healthy. “But when you look at kind of the big building blocks which have been tenet to our call, there really wasn’t a lot meaningfully wrong. Cyclicals were still better than defensives. Credit conditions were benign. Banks were largely still involved.” He says those factors support maintaining a bullish stance through the remainder of the year, believing…
xAI, the artificial intelligence firm founded by Elon Musk, is moving into the next frontier of machine learning, world models, in a bid to transform the global gaming market. The California-based firm has hired two Nvidia researchers, Zeeshan Patel and Ethan He, to develop AI systems that can navigate and design physical environments, The Financial Times reports. Nvidia, the pair’s former employer, has been a leader in simulation technology through its Omniverse platform. People familiar with the matter say xAI plans to use world models for gaming, as these systems can generate interactive 3D environments and reason about objects in…
Melius Research says the next leg of the artificial intelligence trade is widening beyond chipmakers, with legacy tech firms gaining new momentum as enterprises roll out AI infrastructure. In a new CNBC interview, Ben Reitzes, the firm’s head of technology research, said his team is focused on what he called the “elite three” semiconductor leaders while also flagging opportunities in traditional hardware and enterprise platforms adapting to the AI era. “And we see a lot of opportunities to win here. In semis, we’re kind of recommending the elite three now, which are Nvidia, Broadcom, and AMD. We think the TAM…