A senior Morgan Stanley wealth executive says a key development in capital markets could play an outsized role in shaping the next phase of the artificial intelligence buildout. In a new CNBC interview, Chris Toomey, managing director at Morgan Stanley Private Wealth Management, says the AI expansion is still in its earliest stages, with demand running well ahead of available supply. “I think we’re in such an embryonic piece with regards to this buildout within AI that it’s probably still too early for us to get too far ahead of ourselves. There is so much demand, and the supply is…
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.
Scammers using AI deepfakes have siphoned over $86,800 in Bitcoin from a divorced father, even after repeated warnings from security experts. In a post on X, Terence Michael of the BTC security firm Bitcoinadviser says his client is not wealthy and had only just reached the milestone of owning one full Bitcoin after years of hard work. “He finally made it to 1 BTC. I celebrated with him over the phone.” Michael says the client, who was recently divorced with a young daughter, set up a multi-key security and inheritance structure with Bitcoinadviser and Unchained. But within days of leaving…
The US government is standing up a new elite technology unit, known as the Tech Force, designed to push artificial intelligence and modern software deeper into the federal government. The White House-backed initiative, known as the US Tech Force, plans to recruit roughly 1,000 engineers to work inside federal agencies on some of the government’s most complex and sensitive systems, according to program materials. The US government says the effort targets core functions ranging from financial infrastructure at the Treasury Department to advanced programs at the Department of Defense, as agencies race to modernize aging systems and accelerate AI adoption…
Prominent short seller James Chanos says the biggest risk in today’s artificial intelligence boom is not the technology itself, but the underlying demand fueling the hundreds of billions of dollars in CapEx. In a new interview on The Monetary Matters Network, Chanos says the structure of the AI CapEx cycle is more dangerous than the one witnessed in the 1990s during the height of the telecom bubble. According to Chanos, the scale of today’s capital spending in data centers is one reason for his caution. “The real boom-bust in dot-com wasn’t semiconductors, it was telecom equipment. And that’s where the…
ARK Invest says a SpaceX initial public offering (IPO) will open the floodgates for Elon Musk to send humans to Mars. In a new research note posted on X, ARK Invest outlines how a potential SpaceX IPO could serve as the financial engine behind orbital artificial intelligence data centers, while ultimately helping bankroll Musk’s long-stated goal of sending humans to Mars. The analysis follows recent reporting from The Wall Street Journal that SpaceX is preparing an employee tender implying a valuation of roughly $800 billion, double its prior tender earlier this year, alongside a separate Bloomberg report that the company…
A Florida man is out tens of thousands of dollars and faces the risk of getting divorced after falling prey to scammers using AI to generate a deepfake video of Elon Musk. George Hendricks, 69, of Leesburg, Florida, says he believed he was participating in a legitimate Elon Musk car giveaway after engaging with a Facebook group that appeared to promote prizes tied to the billionaire, reports the local media outlet News 6. Hendricks says the scheme began when he commented in the group and received a direct message congratulating him on winning $100,000 and a brand-new car. He was…
Michael Burry says he regrets not sounding the alarm about the events leading up to the 2008 Great Financial Crisis (GFC), but now plans to correct the error by warning investors about a major weakness in the AI boom. In a new post on X, the investor behind “The Big Short” says he’s been actively posting warnings about the AI cycle after reflecting on his conduct in the years before the GFC. “People wonder why I do this, but if there is one thing I wish I could have done, it was to have effectively warned or spoken about what…
The US economy is slowing in visible places, but JPMorgan says a new growth engine is now doing a lot of the heavy lifting. In a new Wealth Management report, global investment strategists Federico Cuevas and Justin Biemann say the unemployment rate has climbed to 4.4% from just 3.5% in January. But the analysts note that the bank is seeing a new wave of job openings and hiring plans that suggest the labor market softness may be bottoming out instead of continuing to worsen. For now, the bank believes the labor market is bent, but not broken. As the US…
Tech titan Elon Musk believes that venturing into space could unlock a vast amount of wealth that would allow every person on the planet to buy whatever they want. In a series of posts on X, Musk says investors and governments should focus on building solutions that efficiently capture energy from the sun instead of funding small modular reactors to address power constraints on the ground. “The Sun is an enormous, free fusion reactor in the sky. It is super dumb to make tiny fusion reactors on Earth. Even if you burned four Jupiters, the Sun would still round up…
The ghost of the dot-com bubble is back on Wall Street, and this time it’s wearing an AI badge. In a new analysis, the Wall Street Journal (WSJ) draws striking parallels between today’s artificial intelligence boom and the late-1990s internet mania, while flagging one crucial difference that could shape how this cycle expands. Starting with valuation, the WSJ says the S&P 500 is as expensive as it was during the dot-com era. Forward price-to-earnings ratios, price-to-cash-flow measures, cyclically adjusted PE ratios, and stock-bond comparisons all point to extreme optimism. As in 1999, investors are betting that a breakthrough technology will…