Billionaire Chamath Palihapitiya says that the public listing of SpaceX, OpenAI and Anthropic will be bad news for other tech companies. In the latest episode of the All-In Podcast, the venture capitalist explains that the tech sector has been trading at a premium to non-tech with a valuation gap of about 12x. Palihapitiya believes that the valuation gap between tech and non-tech will converge once SpaceX, OpenAI and Anthropic go public. “These [three] companies need to get out as quickly as possible. And the reason is, every single company that comes after it, all those companies… are not nearly as…
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.
Morgan Stanley says the global oil market may never return to its old equilibrium, even if geopolitical tensions cool. In a new episode of the Thoughts on the Market podcast, Morgan Stanley head of commodity research Martijn Rats says he’s seeing a scenario where hostilities in the Middle East could ease but leave Iran with total control in oil shipments flowing through the Strait of Hormuz. “What seems to be emerging is an outcome whereby this could de-escalate, but leave the Iranian regime structurally in control of the flow of oil through the Strait of Hormuz. And if the Iranian…
The chief global strategist at JPMorgan Chase is issuing a contrarian call about AI and the US economy. In a new CNBC interview, David Kelly predicts that inflation will be lower by the end of the year, believing that oil and tariff issues will be temporary. But the strategist also says that the US is only capable of having a “tortoise economy,” which refers to a stagnant or barely growing economy. “But by the end of the year, if we’re right in oil, and you’ve got lower tariffs in the fourth quarter this year than last year, and you’ve got falling…
Microsoft may be struggling with Copilot subscriptions, but it is winning big in its investments in OpenAI. According to an estimated and reconstructed cap table of OpenAI circulating on social media platforms, Microsoft’s $13 billion investment in the ChatGPT creator is now valued at $228.3 billion. The figure represents an eye-popping 1,656% increase. Microsoft owns 26.79% of OpenAI, a company that boasts a $852 billion post-money valuation, according to the document. Data also shows that SoftBank owns 11.66% of the AI giant, and its $64.6 billion investment is now worth $99.3 billion. Meanwhile, Nvidia owns a 3.47% stake, and Amazon…
The venture capital firm Andreessen Horowitz (a16z) says AI consumer adoption is still in the early innings and has more room to run to the upside. In the latest edition of its Chart of the Week, a16z cites data from Bank of America, which found that only 3% of households are paying for AI subscriptions. While the figure is “tiny,” a16z says it is growing fairly quickly. “The number of households ‘making AI payments’ is up nearly 40%, relative to February 2024. That growth is impressive, but it’s nothing like the growth we’ve seen on the enterprise side. At only…
Elon Musk believes that the future of news will be in video formats generated by artificial intelligence. In a new post on X, Musk replies to former Microsoft tech evangelist Robert Scoble, who says that a new 24-hour-a-day news channel on any topic will emerge. According to Scoble, xAI’s Grok can study lists in great detail to create scripts before passing them over to the AI generative video platform Imagine to build a show. Scoble says the process will allow people to get personalized news streams on their topics of choice. Musk agrees and takes the idea a step further.…
Billionaire venture capitalist Chamath Palihapitiya says SpaceX could create a new layer of economy beyond Earth. In a new episode of the All-In Podcast, Palihapitiya says advances led by SpaceX are laying the groundwork for an entirely new industrial ecosystem. According to the billionaire, SpaceX’s rockets will serve as a starting point for what he sees as an explosion of economic activity in space. “I think that this is going to unleash just an unbelievably large economy of things that we have no idea about… If you catch a ride on Falcon 9 or Falcon Heavy, basically, it’s dropping you…
The CEO of financial services Block says he’s rebuilding the company by focusing on three core employee roles that all leverage intelligence tools. In a new Sequoia Capital interview, Jack Dorsey outlines a new company structure that relies on AI and agents to boost productivity and business outcomes. Dorsey says the first type of role is what he calls ICs, or the builders and operators of the company. “This is a salesperson, it’s an engineer, it’s a designer, a product person. They’re actually working with the tools to build or to operate the company. They’re augmented because they have access…
Big Short investor Steve Eisman warns that the stress in one credit market poses a greater risk to economic growth than geopolitical conflict. In a new CNBC interview, Eisman says the private credit market is facing rising redemption pressures as retail investors rush to withdraw funds. He specifically mentions Blue Owl Capital, a private lender that recently teamed up with Meta to build a $27 billion AI data center. “So just for your viewers, Blue Owl’s flagship fund had a 22% redemption notice. And they have a smaller fund that’s about only $3.3 billion, but it’s totally devoted to tech…
Wall Street veteran Ed Yardeni says the S&P 500 has printed a market bottom after grinding down for weeks, even amid lingering geopolitical risks. In a new CNBC interview, the Yardeni Research president says he believes the stock market has bottomed out on Monday, after falling to a low of 6,316. “But basically, I’ve stuck with my 7,700 S&P 500 by the end of the year. And I had been thinking that we could get a 10 to 15% correction. The S&P 500 dropped 9%. But there’s an exit ramp. That’s what the markets were looking for. They, at first,…