The chief executive of the world’s largest asset manager says college graduates are not equipped with the skills needed to find jobs in the age of AI. Speaking at the BlackRock Infrastructure Summit, Larry Fink says firms are still looking for fresh college graduates, but laments that young people are not skilled enough to catch up with the breakneck speed of AI disruption. “What I’m worried about is this May, when college graduates are graduating, we may see the highest unemployment rate of that group of young men and women that we’ve seen in years without a recession. And so…
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.
The US government continues to pile onto its balance sheet, pushing its national debt to levels never seen before. Data from the Treasury Department shows that the US national debt has soared to $39.016 trillion for the first time in history. So far, the US government has added more than $593.944 billion to its national debt this year, from $38.422 trillion at the start of 2026. Treasury data also shows that the US is now spending nearly a fifth of its budget to pay off the interest on its ballooning debt. “The federal government is charged interest for the use…
The co-chairman of Oaktree Capital Management believes that people are not prepared for the potential impact of AI in society. In an interview with Bloomberg’s Lisa Abramowicz at the Capital Markets Industry Conference, billionaire Howard Marks says people haven’t fully grasped the true disruptive power of AI on jobs. According to Marks, AI is now here, and the technology is beginning to remove entire layers of workers. “Well, I think most people are underestimating the impact of AI. And, you know, what was it, roughly 18 days ago, on a Friday, that a company called Block, which had 10,000 employees,…
Encyclopaedia Britannica is suing ChatGPT creator OpenAI over allegations that the AI firm used its copyrighted material to train its large language models. In a complaint filed with the US District Court for the Southern District of New York, Britannica accuses OpenAI of massive copyright infringement that harmed its business. Britannica argues that OpenAI copied and used 100,000 of its copyrighted online articles without permission to train AI models, feed retrieval-augmented generation systems and generate answers to users. “ChatGPT thus receives an input, such as a user query, retrieves relevant copied content, such as Plaintiffs’ copied content obtained through the…
Amazon CEO Andy Jassy believes that AI could at least double the firm’s cloud computing business, Amazon Web Services (AWS), in just 10 years. Speaking at an internal all-hands meeting, Jassy says AI could boost AWS’s revenue to $600 billion by 2036, reports Reuters. “I’ve been thinking for the last number of years that AWS, call it 10 years from now, could be about a $300 billion annual revenue run-rate business. I think what’s happening in AI is that AWS has a chance to be at least double that.” Last month, Amazon revealed that it plans to allocate $200 billion…
A new survey by the data analysis firm Blue Rose Research (BRR) finds that most Americans are worried about their financial future, just as AI arrives with the threat of massive job displacement. In its AI Is Colliding With America’s Affordability Crisis report, BRR polled 6,265 American voters between December 8th and 9th, 2025, to gain insights on the state of their finances amid the rise of artificial intelligence. The firm says America’s affordability crisis runs deep, with 61% reporting that their life has become less affordable than a year ago, and just 25% saying they are confident about their…
ARK Invest CEO Cathie Wood says her firm is now considering freezing hiring for junior roles to pay for the cost of using higher-tier AI tools. In a new interview with Bloomberg, Wood highlights the growing run-rate revenues of Anthropic and OpenAI. According to Wood, the rapid growth indicates that more companies are paying for AI tools to boost productivity. “We monitor the revenue run rate. So you look at the revenues per month for some of these large language model companies, and we’re astonished at what’s happening. Anthropic, for example, was at a $9 billion revenue run rate in…
Employees can now use a platform that lets them see whether their jobs are likely to be taken over by artificial intelligence. The Action Network says it has built a new tool that estimates the implied odds that AI could replace jobs, based on Anthropic’s Labor Markets Impact of AI report. According to the Action Network, the tool covers 756 jobs, with desktop-based digital work having the highest odds of AI replacement. “The real dividing line in the AI job race isn’t education level or salary. It’s whether the work happens mainly on a screen or in the real world.…
Tesla CEO Elon Musk says the specifications of the firm’s next-generation Roadster could come out as soon as next month. In a new post on X, Musk says the unveiling of the much-awaited Roadster could happen in April. “New Roadster unveil hopefully next month. It will be a banger next-level.” In February of 2024, Musk said that the new Roadster could accelerate from 0 to 60 miles per hour in less than one second, emphasizing that it’s the “least interesting part.” For context, the fastest accelerating electric vehicle is the Rimac Nevera, which can go from 0 to 60 miles…
Fed Governor Lisa Cook says she’s certain that AI will create new jobs, but not before employees witness the pain of the economic transition. In a speech at the 42nd Annual NABE Economic Policy Conference, Cook says AI is boosting productivity growth by speeding up the creation of ideas. According to the Fed governor, people and enterprises are now using the technology to develop new products and services. “People are using AI in varied and interesting ways, including writing romance novels more quickly, dreaming up new recipes, and even deciding marital disputes. I am thrilled to see firms experimenting with…