Coinbase and Cloudflare are taking aim at the future of online payments with a new initiative they say could underpin the rise of autonomous AI-driven transactions. The companies are co-founding the x402 Foundation, designed to promote x402 as an open, neutral standard for AI-enabled payments. The effort uses the internet’s little-known HTTP “402 Payment Required” code to embed value transfer directly into web interactions. Coinbase says the protocol is designed to give AI agents the ability to buy and sell services without human involvement. By eliminating intermediaries, the protocol is intended to make commerce between machines as seamless as exchanging…
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.
Former Google chief executive Eric Schmidt says China’s approach to artificial intelligence differs sharply from that of the United States, with potential consequences that extend beyond technology into global politics. In a panel discussion at the All-In Summit, Schmidt says that unlike America, China is handicapped in terms of raising billions of dollars in capital within a relatively short period. But the former Google executive says the country has adapted by doubling down on applied uses of AI in ways that could challenge American dominance in key industries. “They’re not pursuing crazy AGI strategies, partly because of the hardware limitations…
Alibaba has unveiled a sweeping set of artificial intelligence initiatives, signaling that the Chinese e-commerce giant is making AI a central pillar of its future strategy. The company discloses the moves at its annual Apsara Conference in Hangzhou, where executives highlighted a new partnership with Nvidia (NVDA), plans for global data center expansion, and the release of a trillion-parameter large language model – the Qwen3-Max, reports Reuters. Shares in Alibaba surged nearly 10% in Hong Kong, hitting a four-year high, as investors welcomed the shift. US-listed shares (BABA) also climbed in premarket trading, underscoring the financial weight of the announcements.…
OpenAI chief executive Sam Altman is laying out an expansive vision for artificial intelligence, linking access to compute with breakthroughs that could transform health, education, and the global economy. In a new blog post, Altman says the scale of infrastructure required to advance AI is growing rapidly, and that building enough capacity will be essential to realizing the technology’s potential. He frames compute not only as a business driver but as a potential social right, suggesting that widespread access to advanced AI services could one day be considered fundamental. “Growth in the use of AI services has been astonishing; we…
A leading voice in the technology advisory space says one semiconductor company’s latest move sends a strong signal about its positioning in the fast-moving AI market. In a new X post, Futurum CEO Daniel Newman says Marvell Technology (MRVL) looks bullish after the company’s board approved a major stock repurchase authorization. According to Newman, the step underscores conviction in the business and reflects how the market is currently pricing the chipmaker. “MRVL $5 Billion buyback approved today. Nice signal of confidence in the business. Marvell can’t fully signal all of its XPU commits, but this says it feels undervalued. Bullish.”…
Wells Fargo has turned more positive on Amazon (AMZN), pointing to an AI catalyst it believes could shift the company’s cloud trajectory. In a new CNBC interview, Ken Gawrelski, Wells Fargo’s senior internet analyst, explains why the banking giant raised its AMZN rating to overweight and lifted its price target to $280 from $245. According to Gawrelski, Amazon and Anthropic are working on a big project that will bear fruit next year. “Anthropic has been a core, a key partner of Amazon. Note that OpenAI, which has been a very big spender in cloud and the subject of a lot…
Two crypto traders have absorbed tens of millions of dollars in losses this month amid a marketwide correction. Data from the on-chain tracking platform Lookonchain shows that a trader owning the 0xa523 wallet got wiped out today as Ethereum (ETH) plunged below $4,000. Ethereum dropped to $3,960 before ETH bulls pushed the coin above $4,000 again. “The biggest loser, 0xa523, just got WIPED. His entire 9,152 ETH ($36.4 million) long position was fully liquidated. His total losses now exceed $45.3 million, leaving him with less than $500,000 in his account.” Meanwhile, a trader known as Machi Big Brother lost $30…
Blackstone’s president Jon Gray says the investment giant is positioning across multiple industries to capture the infrastructure buildout behind artificial intelligence. Speaking at Blackstone’s 2025 CIO Symposium, Gray describes the rise of AI as a “generational change” and compares the firm’s approach to the historic suppliers of gold rush miners. He reveals two broad investment themes to ride the AI train. “Well, it starts with the picks and shovels, with things like chips and data centers and power at massive scale. This is what you need to do to make this AI a reality.” Under the AI investment umbrella, Gray…
A leading venture capitalist says today’s artificial intelligence companies are not simply burning cash on unproven ideas, but already operate businesses with strong margins while continuing to raise money for a larger ambition. In a new CNBC interview, Hemant Taneja, chief executive at General Catalyst, says the hundreds of billions of dollars in AI capital expenditures (CapEx) will eventually flow into other areas of the economy. He predicts that the massive AI spend today is reasonable and will bear fruit in the years to come. “The AI opportunity is the energy opportunity, because there’s so much energy generation that needs…
Brian Armstrong says Bitcoin’s long-term trajectory could carry it to $1 million a coin in just a few years. In a Fox Business interview, the Coinbase CEO points to a confluence of factors he believes are reshaping demand for the world’s largest cryptocurrency. He sets the stage by contrasting the short-term volatility with what he sees as enduring structural shifts. “But I try not to get too caught up in the short-term trends. What I try to do is look at the long-term trends. And there’s a couple of big tailwinds now, which lead me to think that there’s a…