Predictions that artificial intelligence will wipe out software-as-a-service (SaaS) companies are being exaggerated, according to Crypto and AI Czar David Sacks. In a new episode of the All-In Podcast, Sacks pushes back on the growing narrative that AI-generated code will make large enterprise software platforms obsolete. Sacks points to long-established enterprise platforms like Salesforce as an example of why the replacement thesis falls apart under scrutiny. “I mean, I think there’s a little bit of a hand wave going on here when people say that AI is going to wipe out SaaS. I don’t think that’s true. You take a…
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.
Fed Chair nominee Kevin Warsh believes that productivity gains, not job replacement, are the real economic promise of AI. In a new interview with Sadi Khan, Warsh says history shows that sustained wage growth only follows periods of higher productivity, and AI may be setting up the next major shift. But he warns that workers and economies that fail to participate in that productivity shift risk being left behind. “Because if we learned anything in economics, what we learned is productivity gains are the predecessor to wage gains. And if you can’t be part of that productivity revolution, then this ladder…
Altimeter chief executive Brad Gerstner believes that some software names will weather the AI storm, but warns that others will likely head lower. Speaking in a new CNBC interview, Gerstner says the recent correction in software valuations reflects uncertainty around long-term cash flows rather than a loss of confidence in current performance. “What AI has done over the course of the last several months… people just said something very rational. I can’t see as far into the future. So I’m going to pay less for the terminal value. I’m going to pay less for those future free cash flows. I’m…
BlackRock chief investment officer Rick Rieder says the US economy is continuing to grow and absorb shocks, but that strength is increasingly concentrated among a narrow group of asset-owning Americans. Speaking in a new Bloomberg interview, Rieder says many investors are misreading the health of the economy by relying on outdated assumptions about how growth and employment interact. He explains that today’s economy looks fundamentally different from past cycles, with services and asset ownership playing a much larger role than traditional goods production and broad labor participation. “I think people don’t look at jobs and look at this economy like…
AI can now outperform the average human on certain creativity tests, according to a large new academic study that directly compared human and machine creative performance at unprecedented scale. The research, published in Scientific Reports in January, analyzed creativity scores from more than 100,000 human participants and compared them with outputs from leading large language models, including ChatGPT, Claude and Gemini. The study was led by Professor Karim Jerbi of the Université de Montréal, with participation from deep learning pioneer Yoshua Bengio. The researchers find that some AI models exceeded average human performance on specific, well-defined creativity tasks, marking what…
Google, Meta, Amazon and three other Big Tech firms have announced hundreds of billions of dollars in capital expenditure (CapEx) this year. The latest earnings season reveals that mega-cap tech firms are looking to pour about $655 billion into AI in 2026, led by Amazon’s eye-popping $200 billion CapEx guidance. Google follows suit, allocating around $180 billion to CapEx, and Meta’s next in line with $122 billion. Microsoft projects $105 to $120 billion, Tesla forecasts CapEx exceeding $20 billion and Apple sees the figure at $13 billion. Nvidia CEO Jensen Huang says the massive hyperscaler CapEx allocation this year is…
Robinhood CEO Vlad Tenev warns that AI job loss fears could ignite a social upheaval if ordinary Americans continue to be left out. In a new interview on the Full Send Podcast, Tenev says one of his biggest concerns is that AI lacks the kind of broad public ownership that helped crypto survive regulatory and political pushback. According to Tenev, Big Tech could take a page or two from crypto’s playbook, an industry that shelled out funds and voted to help Trump win the US election against Kamala Harris. “My biggest worry is that the people aren’t behind it. Whenever…
Big Tech stocks hit by fears over massive AI spending could be setting up a buying opportunity, according to former Goldman Sachs Asset Management CIO Gary Black. In a new post on X, Black says investors may be overreacting to eye-popping capital expenditure forecasts for 2026 to the tune of $655 billion. Black notes that early-year spending plans often look scarier than they end up being. “I see a buying opportunity in Big Tech names that have been hammered because of outsized 2026 CapEx forecasts. Now is the beginning of the year, and CapEx budgets always start high and then…
Fundstrat head of research Tom Lee says he’s not concerned about Ethereum’s (ETH) price action despite plunging over 60% from its all-time high of around $4,900. In a new CNBC interview, Lee says historical price action shows that Ethereum has never failed to recover after major market meltdowns. He says Ethereum has proven bears and disbelievers wrong time and time again. “And just in the last eight years, Ethereum’s had seven drawdowns of 60% or more. The good news is that seven of those were all V-shaped recoveries. So we had a waterfall decline. We have cryptos bottoming now, which…
Nvidia CEO Jensen Huang says one company is ahead of the pack when it comes to extracting value from AI that translates to real-world earnings. In a new CNBC interview, Huang says Meta’s shift from traditional recommendation systems to generative, agent-based AI has fundamentally changed how its platforms operate and monetize. He explains that Meta’s AI evolution goes far beyond incremental upgrades, marking a structural change in how content, ads and recommendations are created and delivered. “Nobody uses AI better than Meta. And so if you look at the way that they’re using AI, AI went from a classical recommender…