Author: Henry Kanapi

Elon Musk’s artificial intelligence venture, xAI, is pursuing one of its most ambitious financing efforts yet, quietly reshaping how major players fund the AI arms race. People familiar with the matter say xAI is working with Wall Street financiers and technology partners to expand its latest funding round to the tune of $20 billion, reports Bloomberg. Sources say the funding would be split between roughly $7.5 billion in equity and up to $12.5 billion in debt in a special purpose vehicle (SPV), which will acquire Nvidia’s high-end processors and lease them back to xAI for use in its Colossus 2…

Dell Technologies founder and chief executive Michael Dell says global demand for AI infrastructure remains strong as multiple sectors move deeper into adoption. In a new CNBC interview, Dell says customer adoption across cloud, enterprise, and government segments points to steady expansion. “But based on the demand signal we see and what we’re hearing from customers, we’re watching carefully, understanding what’s going on. It seems like the [AI] demand is very solid.” Dell describes the adoption wave as one of the most significant industrial shifts since the early internet, saying enterprise and government customers are only beginning to realize how…

A senior Goldman Sachs executive says the recent market rally is being driven less by present economic fundamentals and more by expectations of an artificial intelligence boom and an expansion of data center infrastructure. In a new CNBC interview, former Dallas Fed president and Goldman vice president Robert Kaplan says investors are increasingly focused on future catalysts rather than current growth figures. He points to a mix of policy optimism and technology investment that is shaping valuations across equity markets. “But I think the markets are pricing what they think is going to happen in the next two or three…

Google’s Gemini platform hit a new record for monthly visits, marking its strongest growth phase yet as the company doubles down on visual creativity and structured AI reasoning. Recent data from Similarweb shows visits to gemini.google.com climbed past 1.1 billion in September 2025, a sharp acceleration that underscores how deeply Gemini is beginning to embed itself in Google’s ecosystem. The surge follows a series of major updates that expand what users can do with both images and data. In late August, Google introduced a new photo reimagination tool, allowing users to upload multiple images and generate blended or stylized results…

JPMorgan Chase chief executive Jamie Dimon says the bank’s artificial intelligence operations have already delivered billions of dollars in cost savings, describing the technology as integral to almost every corner of the business. In a new Bloomberg interview, Dimon says the bank’s massive AI bet is already paying for itself. “So we have shown that for $2 billion of expense, we have about $2 billion of benefit. Some we actually can do real detail. We did this, we reduced head count, we saved this time and money, we reduced errors.” Dimon notes that the bank, which began deploying AI in…

OpenAI has signed more than $1 trillion worth of compute and infrastructure deals this year — an unprecedented bet on artificial intelligence that has pulled some of the world’s largest chip and cloud firms into its orbit. The startup’s latest pact with AMD adds to prior tie-ups with Nvidia, Oracle, and CoreWeave, cementing its position at the center of the AI supply chain, reports The Financial Times. But the scale of these agreements — equal to roughly 20 gigawatts of power or 20 nuclear reactors — has raised questions about how OpenAI can sustain the spending. Analysts say each gigawatt…

Mastercard says a growing share of the global population believes artificial intelligence is eroding the line between truth and deception. The survey, conducted by The Harris Poll on behalf of Mastercard, captured responses from more than 13,000 adults across 13 countries. The poll reveals growing anxiety about AI-powered scams, identity theft, and deepfakes that blur digital reality. “Nearly three-quarters agreed that AI will make it impossible to tell what’s real and what’s fake online, and only 13% of respondents were ‘very confident’ in their ability to identify AI-generated threats or scams.” The finding highlights a deepening crisis of trust as…

The balance of power in global tech may be shifting again, and a Wall Street firm says the next empire could rise from a company willing to lose billions to get there. In a new CNBC interview, Barton Crockett, senior analyst and managing director at Rosenblatt Securities, believes that Sam Altman’s OpenAI will be the next firm to dominate the tech industry. “And now you have to believe that these guys are the next Google. You know, as rich and as wealthy and as much money as Google makes from search in particular.” He argues the scale of OpenAI’s ambition—and…

A new wave of AI scams is targeting people where they’re most vulnerable — their relationships. Cybersecurity firm Bitdefender says scammers are adopting highly personalized forms of impersonation that exploit faces, voices, and relationships. The company describes a shift toward emotional manipulation designed to trigger urgent payments. One tactic centers on voice cloning, where criminals reproduce the voices of children or relatives to fabricate urgent crises and demand immediate transfers. AI-generated videos are also in play. Bitdefender says stolen social media photos are used to craft convincing romance or investment pitches, while biometric data such as faces or voices can…

A leading strategist at Wells Fargo says artificial intelligence has replaced Federal Reserve policy as the key driver of momentum in the AI trade. In a new CNBC interview, Ohsung Kwon, the bank’s chief equity strategist, says rate cuts and macro shifts now take a back seat to the structural growth story unfolding in AI-linked sectors. Kwon highlights that outside the AI trade, nothing in the stock market catches his attention. “Yeah, I think AI matters more than the Fed. For broadening, I think the Fed matters. Outside of that, I think it’s really more about growth… Now that we…