Author: Henry Kanapi

Billionaire Jeffrey Gundlach believes that one asset class has corrected enough, and it is offering a golden opportunity for long-term investors. In a new CNBC interview, the DoubleLine Capital CEO says the stock market’s volatility index (VIX) hasn’t spiked, despite concerns about surging oil prices and tensions in the Middle East. According to Gundlach, the relative stability in equities suggests that a major sell-off event is still coming. “I thought it was really interesting about the decline of the last few weeks in risk assets that the VIX index never really got above 30, which was really strange. I heard…

The chief executive of Microsoft AI believes that an advanced form of artificial intelligence that can independently run companies is coming sooner than people expect. In a new interview on the Young and Profiting YouTube channel, Mustafa Suleyman says AI is now smart enough to complete a narrow set of tasks, including documentation and code generation. According to the Microsoft executive, a more general AI could emerge in the coming years that will have the capabilities to perform almost all digital tasks in order to execute a user’s vision. Suleyman also says the general AI will have the capacity to…

A fraudster has stolen thousands of dollars from a victim after using AI to pose as an FBI operative. The Pennsylvania State Police says a scammer duped a New York resident into sending $4,000 in Apple gift cards after pretending to work at the FBI, reports WGAL News 8. Authorities say the scammer claimed that he was Agent Joshua Robert Simmons and sent a photo of himself working in an FBI office, an image which police say is clearly AI-generated. The scammer convinced the victim that his credit card accounts were showing suspicious activity to get him to send the…

Meta chief executive Mark Zuckerberg is building a personal AI agent to move faster and cut through internal layers. A source close to the matter says Zuckerberg is using the agent, which is still under development, to get information faster rather than through one person after another, the Wall Street Journal reports. During Meta’s Q4 earnings call, Zuckerberg said that 2026 will be the year the company uses AI to “dramatically change” how work gets done inside the company. “So to do this, we’re investing in AI-native tooling so individuals at Meta can get more done. We’re elevating individual contributors…

Billionaire Mark Cuban believes that AI will mirror the adoption of technology in the NBA, which players eventually figured out in order to outperform. In a new post on X, Cuban says the NBA changed with the introduction of analytics, which forced teams to redesign their offensive and defensive strategies to put more points on the board. According to the billionaire, the first team to adopt analytics had an edge, but the advantage was lost over time as everyone adopted the same technology. “Point being, that in the early days, the products seem very different. Over time, they will be…

Morgan Stanley’s chief investment officer warns that the Magnificent 7’s era of dominance may be coming to a close. In a new interview on The Meb Faber Show, Mike Wilson says one macro trend emerging is diversification, noting that investors are de-risking and de-concentrating from the US and mega-cap tech names. He also notes that while the Mag 7 stocks have outperformed over the past few years, it would be foolish to assume that the trend will persist amid the massive AI CapEx cycle. “This idea of just going back to the tried-and-tested Mag 7, I think, is a mistake.…

Elon Musk is laying out plans for a massive semiconductor factory backed by SpaceX, Tesla and xAI. In a new announcement, Musk says the Terafab project is a joint venture between his tech companies that has the explicit goal of manufacturing a trillion watts of compute per year. According to Musk, SpaceX, Tesla and xAI plan to build the largest chip manufacturing facility ever, capable of producing one terawatt per year, by combining logic, memory and advanced packaging under one roof. “To give you a sense of what we’re talking about, the current output of AI compute is roughly 20…

The founder of a technical analysis firm says some of the biggest names in the S&P 500 are showing signs of strain just as the index dives below a closely-watched indicator. In a new CNBC interview, Fairlead Strategies founder Katie Stockton says the S&P 500 is now likely to fall further after breaching the 200-day moving average. “So when you see them breached, of course, it suggests that we have something worse than just a corrective phase. But then I would guess also that maybe some of these algorithmic trading programs have that 200-day becomes sort of a breakdown just…

Billionaire investor Mark Cuban says employees looking for work at big companies may be barking up the wrong tree. In a new post on X, Cuban says white-collar workers had a harder time adapting to the PC Revolution during the 1980s compared to today’s AI boom. According to Cuban, personal computers were very expensive back then, and people had to hustle to learn how to code. “Today, presumably every white-collar worker has access to a smartphone and/or a PC/laptop. Back then, a PC cost $4,995, and an off-brand was $3,995. $5,000 in 1984 is about $16,000 today. It was really…

Prominent venture capital firm Andreessen Horowitz (a16z) says it is beginning to see signs that a new type of business is rising, one that heavily relies on technology. In the firm’s It’s Time to Build report, a16z says the rise of AI-native small businesses may be unfolding now. According to the venture capital firm, data shows that new small business applications are on the up and up, and tech spend is on the rise, while payroll spend is rapidly decreasing. “New business applications are elevated, but ‘high propensity [to hire]’ business applications are in decline. At the same time, SMB…