A bursting AI bubble could trigger mass layoffs across the US economy and erase a substantial share of equity market value, according to the market intelligence firm S&P Global. In a new scenario analysis, the firm highlights that AI-focused companies have become a dominant force in US equities, driving a large share of market gains over the past five years and leaving the S&P 500 increasingly concentrated in a small group of technology giants. S&P Global says the sharp rise in market capitalization among AI-linked firms, alongside valuation signals, suggests that investors are pricing in aggressive future earnings growth. The…
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.
Tech titan Elon Musk is once again sketching out a future so large it stretches conventional valuation math. In a new post on X, Musk puts forward a bold new vision that involves a base on the Moon and a mass driver. “Giant lunar base with AI satellite factories and a mass driver to shoot them into deep space (of course).” The billionaire recently said that solar-powered AI satellites would solve energy constraints on Earth while running workloads that beam data back to the ground. He also explained that a mass driver on the Moon would act as an electromagnetic…
OpenAI CEO Sam Altman says it makes sense for debt to flow into the AI infrastructure boom, noting that lending to build data centers is a rational way to finance systems that the industry expects to generate real economic value. In an interview with journalist Alex Kantrowitz, Altman says the market looked overheated earlier this year, when routine meetings with companies were followed by sharp one-day stock pops that felt unstable. “I think the market more lost its mind when earlier this year, we would meet with some company and that company’s stock would go up 20% or 15% the…
Goldman Sachs Research predicts that the US economy will outperform in 2026, forecasting 2.6% GDP growth as three near-term tailwinds boost activity. In its 2026 outlook, Goldman projects global GDP will rise 2.8% in 2026, above the consensus forecast of 2.5%. For the US, the firm expects growth to accelerate to 2.6% versus consensus expectations of 2.0%. Goldman chief economist Jan Hatzius says the bank remains bullish on the US despite calls for capital rotation into the eurozone or emerging markets. “As has typically been the case since the pandemic, we are most optimistic (relative to consensus) in the US.”…
Billionaire Chamath Palihapitiya says the technology industry is facing a growing perception crisis around artificial intelligence and wealth concentration, warning that failure to respond could fuel political backlash and calls to halt technological progress. Speaking on a new episode of the All-In Podcast, Palihapitiya says the core problem is not the data around AI’s impact, but how the industry is perceived by the public. “We have a big perception problem. So the question at hand is, how do we fix it?” He says opposition to AI and technological progress is gaining momentum because many Americans feel excluded from the benefits,…
OpenAI CEO Sam Altman says the company’s latest competitive scramble will not last much longer, after Google’s Gemini 3 failed to deliver the disruption OpenAI feared. In a new interview with journalist Alex Kantrowitz, Altman says Gemini 3 has not, at least so far, had the market impact he expected, though he notes that the release still exposed weaknesses in OpenAI’s product strategy that the company is now moving to fix. “Gemini 3 has not, or at least has not so far, had the impact we were worried it might. But it did, in the same way that DeepSeek did,…
The U.S. Department of Energy (DOE) says it has secured commitments from 24 organizations to support the Genesis Mission, a national effort aimed at using artificial intelligence to accelerate scientific discovery, strengthen national security and drive energy innovation. In an announcement from Washington, the DOE says the agreements mark the launch of a new wave of public-private partnerships designed to build scalable AI infrastructure for science, following President Trump’s executive order to remove barriers to American leadership in artificial intelligence. The Genesis Mission is intended to apply AI across core scientific disciplines, including experiment design, simulations and predictive modeling, with…
BlackRock chief investment officer Rick Rieder says rising unemployment among young Americans is becoming one of the most underappreciated risks in the U.S. economy, warning that joblessness for younger workers is already elevated and likely headed higher. In a Fox Business interview, Rieder says headline unemployment figures mask a growing bifurcation beneath the surface, where younger and lower-income workers are facing significantly worse conditions than the broader labor market. “So when you actually break it down, 4.4% is not a disastrous number, but it is trending up. It was 4.1% a couple of months ago. It is trending up. If…
An 82-year-old Florida grandmother says scammers used artificial intelligence to steal tens of thousands of dollars she had saved for her autistic grandson by impersonating a trusted doctor online. Maurine Meleck, who lives in Ponte Vedra and raised her grandson Josh after he was diagnosed with autism at age two, says she believed she was making an investment to secure his future, reports First Coast News. “He’s wonderful. I love him to death.” Meleck says she no longer drives and spends much of her time online. While scrolling through Facebook, she came across a video featuring a doctor she recognized…
David Sacks says fears that artificial intelligence will wipe out jobs are not backed by the data, noting that workers in AI-exposed occupations are actually seeing stronger job growth and higher real wages. In a fresh post on X, the White House AI Czar cites data from a Vanguard study that challenges the dominant narrative around automation and employment. “According to a new study from Vanguard, the occupations most exposed to AI automation are actually outperforming the rest of the labor market in terms of job growth and real wage increases.” He highlights data showing that employment growth has been…