Two men who call themselves “The Housing Guys” are facing decades in prison after pleading guilty to stealing millions from a Medicaid housing program. The U.S. Department of Justice says Anthony Waddell Jefferson, 37, and Lester Brown, 53, both of Philadelphia, pleaded guilty to wire fraud after defrauding Minnesota’s Housing Stabilization Services (HSS) program of approximately $3.5 million. According to court documents, the pair set up businesses in Minneapolis and enrolled as providers under the HHS program, which is designed to help people with disabilities, including seniors and individuals with mental illnesses and substance use disorders, find and maintain housing.…
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.
Two high-profile AI researchers are issuing dire warnings about the progress of artificial intelligence after leaving their respective companies. In a new post on X, Anthropic AI safety engineer Mrinank Sharma says his last day at the firm was on February 9th, noting that it was time for him to move on. Before leaving, he warns that the world is facing a cocktail of existential threats. “I continuously find myself reckoning with our situation. The world is in peril. And not just from AI, or bioweapons, but from a whole series of interconnected crises unfolding in this very moment. We…
Elon Musk is addressing mounting questions inside xAI after a wave of high-profile departures. Speaking at the company’s all-hands meeting, Musk says the exits are a byproduct of growth, not instability, as the artificial intelligence startup restructures to operate at a larger scale. xAI Yuhuai “Tony” Wu left earlier this week. Hours later, fellow co-founder Jimmy Ba also departed. Earlier co-founder exits include Kyle Kosic in June 2024, Igor Babuschkin in August 2025, Christian Szegedy in February 2025 and Greg Yang in January 2026. Musk says the changes reflect the company entering a new phase of development. “As we grow…
The US job market is far weaker than previously thought, as new data shows a massive downward revision in labor gains last year. The latest report from the Bureau of Labor Statistics shows that the US added just 181,000 jobs last year, down sharply from the initially reported 584,000. Wellington-Altus chief market strategist James E. Thorne says the figure translates to an average of 15,000 jobs added per month. “The US economy added just 50,000 jobs in December and a total of only 181,000 for all of 2025, the weakest annual job growth outside a recession since 2003… By any…
Trillion-dollar asset manager Allianz is sounding the alarm about a growing disconnect inside the US economy. In a new CNBC interview, Mohamed El-Erian, chief economic advisor at Allianz, says the economy may be repeating a pattern that has preceded several major downturns, but with a potentially more dangerous twist this time. El-Erian says his biggest macro concern is the widening gap between strong headline economic growth and a weakening labor market. “So my biggest worry on the macro is this decoupling of strong GDP from the labor market. This is really consequential in terms of economic, social and political implications.…
Banking titan Goldman Sachs warns that a sharp turn in the AI trade could be the catalyst that finally breaks the S&P 500’s bull market. In a new episode of the bank’s This Is the Markets podcast, Shawn Tuteja, who oversees ETF and custom baskets volatility trading within Goldman’s Global Banking & Markets division, says the market’s gains have become dangerously concentrated in AI-linked stocks. According to Tuteja, the S&P 500’s multi-year bull market could come to a screeching halt if investors sniff out that the massive AI spending is failing to deliver solid returns. “If you take a look…
Harvard Business Review (HBR) says generative AI tools have consistently intensified work rather than reducing it, even when AI use was not required by management. In an eight-month study involving a US-based technology company with about 200 employees, researchers found that workers began moving faster, taking on broader responsibilities and extending work into more hours of the day, often without being asked to do so. Employees reported that AI made “doing more” feel possible, accessible and in many cases, intrinsically rewarding. One major shift involves task expansion. According to the researchers, generative AI’s ability to fill knowledge gaps and provide…
A Chicago-area man lost tens of thousands of dollars after building what he believed was a real romantic relationship, only to learn the person he spoke with daily never existed. The victim, who asked to be identified only as Grant Trust, says he met “Kay” on Facebook Dating in 2024 and quickly formed an emotional bond, Fox News reports. Grant says he communicated with Kay every day for months through messages, voice calls and FaceTime conversations that appeared completely real. Grant says the relationship felt normal and trusting. He saw her face, heard her voice and believed he was talking…
A wave of departures is beginning to take shape inside Elon Musk’s artificial intelligence startup xAI, as two co-founders leave the firm just hours apart. xAI co-founder Yuhuai “Tony” Wu says he has resigned from the company, marking the latest exit among the founding team as the AI lab matures. “I resigned from xAI today. This company – and the family we became – will stay with me forever. I will deeply miss the people, the war rooms, and all those battles we have fought together. It’s time for my next chapter. It is an era with full possibilities: a…
Banking giant Morgan Stanley says American AI models are leaving their Chinese counterparts in the dust following a massive leap in capability. In a new episode of Morgan Stanley’s Thoughts on the Market podcast, the bank’s global head of thematic and sustainability research, Stephen Byrd, lays out what he calls “two worlds” forming inside the AI ecosystem. Citing the bank’s own research, Byrd says a small group of American AI developers now operates at a scale that separates them from the rest of the pack. “On LLM progress, we do think that the handful of American LLM developers that have…