Author: Henry Kanapi

Uber CEO Dara Khosrowshahi believes his company will be the dominant autonomous ride-hailing platform before the decade expires. In a new episode of the Moonshots podcast with Peter H. Diamandis, the Uber chief executive says he expects the firm to scale autonomous rides faster than competitors. “And by 2029, we think that we will facilitate more autonomous and robo-taxi rides than anyone else in the world.” To support Uber’s goal, Khosrowshahi says he’s open to working with Tesla, while putting the ball in Elon Musk’s court. “I think Elon’s approach typically has been a vertical approach. They even own their…

A new Fox News poll shows that AI is on the list of voter concerns, but it still trails far behind core economic and security issues. The survey, which polled 1,001 registered voters between March 20th and 23rd, 2026, finds Americans’ top worry is inflation, with 86% saying they are either extremely or very concerned about rising prices of goods and services. Inflation is followed by healthcare at 81%, gas prices at 80%, political divisions at 80% and unemployment at 73%. AI is close to the bottom of the list, tied with Iran getting a nuclear bomb, at 66%. The…

A new study reveals that the global economy could look unrecognizable within decades, in a scenario where AI rapidly expands its capabilities by 2030. A new working paper led by researchers at the Forecasting Research Institute, with coauthors from the Federal Reserve Bank of Chicago, Yale School of Management, Stanford University and University of Pennsylvania, tracks expectations from economists, AI experts, superforecasters and the general public on how AI could evolve. The study highlights a high-impact “rapid progress” scenario where AI systems outperform humans across many tasks, run businesses at the level of a competent CEO, and deploy robots capable…

Elon Musk’s AI and rocket maker SpaceX is reportedly moving forward with its plans to go public. SpaceX has confidentially filed for an initial public offering (IPO) after submitting a draft of its IPO registration to the U.S. Securities and Exchange Commission (SEC), Bloomberg reports, citing people familiar with the matter. A confidential IPO filing allows a firm to keep sensitive and strategic data out of the eyes of competitors and the public while engaging regulators and navigating the regulatory process. Details such as the number of shares to be sold and the price range are expected to be revealed…

The CEO of the largest bank in the US believes that AI poses a bigger threat to American society than the potential for widespread job losses. In a new Axios interview, Jamie Dimon says that nation-state actors and hackers using AI to amplify and scale attacks is the top risk for both corporations and the government. “I mean, our biggest risk here is cyber. And for America and even these wars, there’s a cyber component to this. And I think these agents make cyber far worse. And so that might be the biggest one.” Dimon also talks about Anthropic’s most…

Institutional investors are struggling to unload hundreds of millions of dollars worth of OpenAI shares in the secondary market. Ken Smythe, founder of the private-market liquidity provider Next Round Capital, says six institutional investors have approached his firm recently to unload $600 million in OpenAI shares in the secondary market, Bloomberg reports. Smythe says no one is interested in gobbling up shares of the AI titan, as institutions are reserving capital for rival Anthropic. “We literally couldn’t find anyone in our pool of hundreds of institutional investors to take these shares. Buyers have indicated they have $2 billion of cash…

JPMorgan Chase says the market is witnessing a disconnect between sentiment and earnings, prompting the bank to urge investors to focus on one investment theme. In a new CNBC interview, JPMorgan Asset Management global market strategist Meera Pandit says the market is being torn between bearish sentiment and resilient earnings. According to Pandit, the divergence could last throughout the year. “There are two major things going on in the markets right now. One is this tension between sentiment and fundamentals, which I think will probably be with us for the whole year because it was with us before the war.…

Fundstrat CEO Tom Lee believes the stock market is close to a bottom, noting that an abrupt recovery is now on the horizon. In a new CNBC interview, Lee offers five reasons why he believes that the market pullback is close to ending. “Yeah, I think we’re 90%-95% through the sell-off… Well, I think some of it is positioning, and Goldman had a really nice piece about hedge fund positioning… Yeah, so I think that’s one component. The second is that retail sentiment is very negative because the AAII (American Association of Individual Investors) bulls less bears is minus 20.…

Salesforce CEO Marc Benioff says a missed investment opportunity in one of the leading AI companies triggered a massive investment in the Claude creator Anthropic. In an interview with Matthew Berman, Benioff says the company wanted to invest in OpenAI but was unable to do so because Microsoft got in the way. “We were really pining after investing in OpenAI. And no matter what we did in OpenAI, they refused to let us invest in OpenAI because Microsoft blocked us.” While OpenAI tried to find ways for Salesforce to hop on the investment bandwagon, Benioff says the terms were unacceptable.…

Oracle (ORCL) is cutting jobs as the cost of competing in artificial intelligence begins to weigh on its business. The company has started informing employees about layoffs affecting thousands of roles, CNBC reports, citing people familiar with the matter. Analysts at investment bank TD Cowen previously predicted that Oracle would cut 30,000 jobs while selling some of its assets to fund its AI infrastructure projects. According to the bank, the layoff would free up $8-$10 billion in cash flow. As of May 2025, Oracle has a workforce of 162,000 employees. The cuts come as Oracle struggles to keep up with…