A new study reveals that the global economy could look unrecognizable within decades, in a scenario where AI rapidly expands its capabilities by 2030. A new working paper led by researchers at the Forecasting Research Institute, with coauthors from the Federal Reserve Bank of Chicago, Yale School of Management, Stanford University and University of Pennsylvania, tracks expectations from economists, AI experts, superforecasters and the general public on how AI could evolve. The study highlights a high-impact “rapid progress” scenario where AI systems outperform humans across many tasks, run businesses at the level of a competent CEO, and deploy robots capable…
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.
Elon Musk’s AI and rocket maker SpaceX is reportedly moving forward with its plans to go public. SpaceX has confidentially filed for an initial public offering (IPO) after submitting a draft of its IPO registration to the U.S. Securities and Exchange Commission (SEC), Bloomberg reports, citing people familiar with the matter. A confidential IPO filing allows a firm to keep sensitive and strategic data out of the eyes of competitors and the public while engaging regulators and navigating the regulatory process. Details such as the number of shares to be sold and the price range are expected to be revealed…
The CEO of the largest bank in the US believes that AI poses a bigger threat to American society than the potential for widespread job losses. In a new Axios interview, Jamie Dimon says that nation-state actors and hackers using AI to amplify and scale attacks is the top risk for both corporations and the government. “I mean, our biggest risk here is cyber. And for America and even these wars, there’s a cyber component to this. And I think these agents make cyber far worse. And so that might be the biggest one.” Dimon also talks about Anthropic’s most…
Institutional investors are struggling to unload hundreds of millions of dollars worth of OpenAI shares in the secondary market. Ken Smythe, founder of the private-market liquidity provider Next Round Capital, says six institutional investors have approached his firm recently to unload $600 million in OpenAI shares in the secondary market, Bloomberg reports. Smythe says no one is interested in gobbling up shares of the AI titan, as institutions are reserving capital for rival Anthropic. “We literally couldn’t find anyone in our pool of hundreds of institutional investors to take these shares. Buyers have indicated they have $2 billion of cash…
JPMorgan Chase says the market is witnessing a disconnect between sentiment and earnings, prompting the bank to urge investors to focus on one investment theme. In a new CNBC interview, JPMorgan Asset Management global market strategist Meera Pandit says the market is being torn between bearish sentiment and resilient earnings. According to Pandit, the divergence could last throughout the year. “There are two major things going on in the markets right now. One is this tension between sentiment and fundamentals, which I think will probably be with us for the whole year because it was with us before the war.…
Fundstrat CEO Tom Lee believes the stock market is close to a bottom, noting that an abrupt recovery is now on the horizon. In a new CNBC interview, Lee offers five reasons why he believes that the market pullback is close to ending. “Yeah, I think we’re 90%-95% through the sell-off… Well, I think some of it is positioning, and Goldman had a really nice piece about hedge fund positioning… Yeah, so I think that’s one component. The second is that retail sentiment is very negative because the AAII (American Association of Individual Investors) bulls less bears is minus 20.…
Salesforce CEO Marc Benioff says a missed investment opportunity in one of the leading AI companies triggered a massive investment in the Claude creator Anthropic. In an interview with Matthew Berman, Benioff says the company wanted to invest in OpenAI but was unable to do so because Microsoft got in the way. “We were really pining after investing in OpenAI. And no matter what we did in OpenAI, they refused to let us invest in OpenAI because Microsoft blocked us.” While OpenAI tried to find ways for Salesforce to hop on the investment bandwagon, Benioff says the terms were unacceptable.…
Oracle (ORCL) is cutting jobs as the cost of competing in artificial intelligence begins to weigh on its business. The company has started informing employees about layoffs affecting thousands of roles, CNBC reports, citing people familiar with the matter. Analysts at investment bank TD Cowen previously predicted that Oracle would cut 30,000 jobs while selling some of its assets to fund its AI infrastructure projects. According to the bank, the layoff would free up $8-$10 billion in cash flow. As of May 2025, Oracle has a workforce of 162,000 employees. The cuts come as Oracle struggles to keep up with…
OpenAI’s new funding round is cementing AI as one of the most capital-intensive races in modern technology. In a new company update, OpenAI announces that it has closed its latest raise with $122 billion in committed capital, valuing the company at $852 billion post-money. Amazon agreed to invest $50 billion, while Nvidia and SoftBank each poured in $30 billion. The investment round also saw the participation of Andreessen Horowitz, D. E. Shaw Ventures, MGX, TPG and accounts advised by T. Rowe Price Associates, Inc. The company is positioning itself as core infrastructure for the AI economy, with a model that…
TD Bank says AI is rapidly becoming an everyday tool for American consumers, but trust still breaks down when money is on the line. The TD Bank survey, which polled 2,504 US adults between February 18th and 25th, 2026, finds that 78% of Americans now use AI-enabled tools in their everyday lives, with 67% saying they are more proficient than a year ago. More than half of respondents, 55%, say they now use AI to help manage financial decisions, up sharply from just 10% last year. But the poll finds that confidence in AI drops when tasks shift from assistance…