Author: Henry Kanapi

A Boston-based private research university is looking more closely at the impact of AI on the labor market to find out which jobs are most vulnerable. In its American AI Jobs Risk Index, Tufts University says that in the next two to five years, AI could disrupt between 2.7 and 19.5 million jobs across all categories, industries, cities and states, depending on the rate of adoption. According to the university, the total income loss from AI job disruption could hover between $200 billion and $1.5 trillion, accounting for 2% to 15% of total wage and salary income across the US.…

The chief executive of the retail-focused trading platform Robinhood says he has a contrarian view on the impact of AI on jobs. In a Basis Points interview, Vlad Tenev says there will be more software engineers and lawyers in the next decade because AI makes it easy for people to write code, ship products and build new companies. “In my hot take, my prediction, if I had to make one, is that there will be more software engineers in 10 years than there are today, and there will be more lawyers. So it’s very contrarian. And of course I could…

Popular payments platform Ramp says firms pouring money into one key investment are pulling away from the competition month after month. In a new post on X, Ramp co-founder Eric Glyman says the firm looked at the 50,000 companies using the payments processor and found that those who aggressively spend in AI are leaving the competition in the dust. “The gap is compounding… The ones using AI as leverage are pulling away from the ones that aren’t, and the gap is widening every month. I see the split in our own data on company spending. Since 2023, the top quartile…

The former chief executive of banking giant Goldman Sachs says he’s making a counterintuitive play, despite fears about sky-high valuations. In a new CNBC interview, Lloyd Blankfein reveals that he’s loading up on hyperscaler names. While mega-cap tech firms have massive valuations, the ex-Goldman CEO believes that they could go much higher. “I’ll tell you what I’m doing. I’m betting with the hyperscalers. When I saw for the first time that a company costs a trillion dollars, how can anything be worth a trillion? And how could you invest in something? Because to double, it would have to be $2…

The chief investment officer of the world’s largest asset manager says the shocks triggered by tensions in the Middle East could eventually create golden opportunities for stock investors. In a new CNBC interview, Rieder says investors should be more cautious about buying risk assets for now, as the war in Iran shows no signs of letting up. Rieder also believes that the Fed will cut rather than hike rates, despite rising oil prices. “So we have a very sophisticated strategy when you go through shock periods like that, called hunker down. I think for the time being, you’ve got to be a…

Morgan Stanley believes the current market sell-off is creating buckets of opportunities for investors who are looking to buy the dip. In a new CNBC interview, Morgan Stanley Wealth Management CIO Lisa Shallet says fears around AI disruption are now being expressed in the market, as investors dump software and hyperscaler names. Meanwhile, Shallet notes that some stocks in the AI trade are faring better, creating a divergence that traders can take advantage of. “So, on some of the controversies that animated the first two months of the year, I think that a lot of that market action underneath the…

Popular trading platform Interactive Brokers says retail investors are not sitting out the market correction, as they see the pullback as an opportunity to snap up discounted names. In a new CNBC interview, Interactive Brokers chief strategist Steve Sosnick says retail investors are not bothered by the war in Iran as they continue to support the market by buying on dips. According to Sosnick, it is possible that retail investors have been conditioned to see pullbacks as golden opportunities to pour more money into the market due to the fear of missing out (FOMO). “The market internals tell me that…

OpenAI has suddenly closed its doors on its generative AI video platform Sora, just months after launching it late last year. Sora, which debuted on December 9th, 2025, had announced that it is being discontinued without providing a reason behind the move. “We’re saying goodbye to Sora. To everyone who created with Sora, shared it, and built a community around it: thank you. What you made with Sora mattered, and we know this news is disappointing. We’ll share more soon, including timelines for the app and API and details on preserving your work. – The Sora Team.” Just days after…

Cybersecurity firm Malwarebytes says scam farms are now paying real people with real money to help deceive victims using AI deepfakes. The firm says scam compounds in Southeast Asia are forcing human trafficking victims to work long hours and lure victims as chat operators under the threat of violence. According to Malwarebytes, chat operators juggle multiple targets, working to make every single victim feel wanted and loved in an effort to get them to invest in a purported lucrative investment opportunity. But before targets fall for the scam, they typically ask for a video call to prove that their love…

The tech-focused investment firm ARK Invest says AI could eliminate one business risk and boost an entrepreneur’s odds of making it. In a new post on X, ARK Invest CEO Cathie Wood predicts an entrepreneurial explosion in the next five to 10 years, as AI lowers the barriers to new business entry. Wood cites an article by ARK research analyst Varshika Prasanna, who notes that almost 50% of small businesses shutter their doors in just a few years. “Data from the U.S. Bureau of Labor Statistics shows ~20% of businesses fail in their first year, and nearly half fail within…