A top JPMorgan strategist is warning investors that the biggest risk in markets is not what people expect, but where excess has quietly built up. In a new Fox Business interview, JPMorgan Asset Management chief global strategist David Kelly says the stock market is pricing in too much optimism relative to the underlying economy, creating vulnerability if an unexpected shock hits. Kelly begins by stressing that surprise, not forecasted risk, is what historically drives major market downturns. “Something could go wrong. Frankly, something always goes wrong. People feel too gloomy about the economy, I get that. But I think the…
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 is pushing ChatGPT deeper into personal health, rolling out a dedicated space designed to help users understand medical information and prepare for real-world care. In a new thread on X, OpenAI announces the launch of ChatGPT Health, a separate environment inside ChatGPT built specifically for health-related conversations. The company says the goal is to help users navigate healthcare decisions, not replace medical professionals. “Introducing ChatGPT Health — a dedicated space for health conversations in ChatGPT. You can securely connect medical records and wellness apps so responses are grounded in your own health information. Designed to help you navigate medical…
Anthropic is preparing another massive capital raise that would nearly double its valuation in a matter of months, underscoring the continued acceleration of funding at the top end of the AI market. According to people familiar with the matter, Anthropic plans to raise $10 billion at a pre-money valuation of roughly $350 billion, up sharply from the $183 billion valuation attached to its last major round just four months ago, the Wall Street Journal reports. The raise would mark Anthropic’s third megadeal in the past year and follows a $13 billion investment completed in September that cemented the company as…
Recent US college graduates are facing a structurally tougher job market, as artificial intelligence and a sharp pullback in tech hiring are squeezing entry-level opportunities. In a research briefing, Oxford Economics finds that rising unemployment among recent college graduates is not a cyclical blip, but the result of a deeper shift in how companies hire, particularly in technology and professional services. The report focuses on workers aged 22 to 27 with at least a bachelor’s degree and shows that this group has played an outsized role in the rise in unemployment since mid-2023. Although recent graduates account for only about…
Altimeter Capital says the AI trade is entering a phase where stock selection matters more than narratives, as infrastructure spending accelerates at a scale the market still underestimates. In a new CNBC interview, Brad Gerstner says the firm’s largest exposure is concentrated in AI infrastructure across chips, cloud platforms and data center operators. He reveals the core of Altimeter’s positioning, naming the companies where the firm sees the strongest risk-reward. “This is a stock picker’s market. So our biggest bet is in AI infrastructure: Nvidia, TSMC, Hynix, Samsung, Amazon, Microsoft, CoreWeave, Google. We think that we’re still very early in…
A YouTube creator with millions of followers says a highly sophisticated impersonation scam led multiple companies to ship $50,000 in e-bikes to a fraudster posing as him. In an update shared with his 2.73 million YouTube subscribers, Berm Peak’s Seth Alvo says the scammer successfully pretended to be him in detailed business negotiations, exploiting trust and familiarity built over years of public content. “Someone pretended to be me, and they successfully defrauded multiple bike companies, convincing them by email to ship tens of thousands of dollars’ worth of costly e-bikes to an address in North Carolina.” Alvo says impersonation attempts…
Elon Musk’s artificial intelligence company xAI has secured one of the largest private funding rounds in technology history, signaling an aggressive escalation in the global race for frontier AI compute. xAI announces that it completed an upsized Series E funding round, raising $20 billion, exceeding its original $15 billion target as demand from investors surged. The round was backed by a mix of institutional and strategic capital, including Valor Equity Partners, StepStone Group, Fidelity Management & Research Company, Qatar Investment Authority, MGX and Baron Capital Group. Strategic investors in the round include Nvidia and Cisco, underscoring the central role hardware…
AMD CEO Lisa Su says the global demand for artificial intelligence compute is accelerating, driven by a rapid expansion in how many people are actively using AI. In a new Bloomberg interview, Lisa Su says the industry is seeing a clear inflection point in adoption that is reshaping infrastructure needs. “One of the things that we’re so clear about is that the demand for AI compute is just continuing to increase.” She points to the pace of capability gains over the last several years as the foundation for that surge. “And we have seen that over the last five years…
xAI is acknowledging failures in its safety systems after users reported that its AI chatbot Grok generated sexualized images involving minors. In a response, Grok says it has identified lapses in its safeguards and is moving to tighten protections around image generation. “I’ve reviewed recent interactions. There are isolated cases where users prompted for and received AI images depicting minors in minimal clothing.” Grok says those outcomes violate xAI’s rules and stresses that changes are already underway. “xAI has safeguards, but improvements are ongoing to block such requests entirely.” Grok also makes it clear that the content in question is…
Elon Musk says the rapid advance of artificial intelligence and robotics will fundamentally reshape society, producing extreme abundance while simultaneously destabilizing the social order. In a new interview with Peter Diamandis, Elon Musk says his long term outlook centers on a paradox where material needs are met, but human purpose is disrupted. “I have universal high income. And social unrest. That’s my prediction.” Musk says the disruption comes from the sheer speed and scale of change driven by AI. “Well, because there’s going to be so much change.” He cautions that many of the outcomes people say they want may…