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…
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.
Banking titan Goldman Sachs believes the artificial intelligence boom is approaching a critical transition point, with the focus set to shift away from infrastructure buildout. In a special edition of the Breaks of the Game podcast, Ashok Varadhan, co-head of Global Banking and Markets at Goldman Sachs, says the AI narrative is likely to pivot as early as 2026, moving from supply-driven expansion to real-world consumption. “I think even though there’s a lot of focus on, of course, the huge hyperscalers and the incredible amount of demand that they’re seeing in their underlying businesses and how that’s creating all of…
Micron is entering what one Wall Street strategist describes as an AI-driven supercycle, a development he says directly challenges claims that the artificial intelligence trade is already exhausted or detached from fundamentals. In a new post on X, James Thorne, the chief market strategist at the billion-dollar asset management firm Wellington-Altus, says market data from the memory chip firm Micron (MU) shows that AI bubble narratives are largely out of touch with reality. “Micron is in an AI‑driven super‑cycle that could absolutely morph into a bubble, but on the numbers and valuation in front of us, the ‘AI is overvalued,…
OpenAI CEO Sam Altman says the company believes it can grow revenue fast enough to absorb its massive long-term AI spending commitments, highlighting that exponential growth dynamics are being widely underestimated. In a new interview with journalist Alex Kantrowitz, Altman addresses concerns about OpenAI’s roughly $1.4 trillion in projected capital commitments, saying that the challenge is one of scale, timing and compute availability rather than demand. Altman says people often struggle to intuitively grasp exponential growth, even when it is playing out in real time. “You have good intuition for a lot of mathematical things in your head, but exponential…
Google DeepMind co-founder and CEO Demis Hassabis believes investors will overreact to the AI boom, as parts of the artificial intelligence ecosystem show bubble-like behavior. In a new episode of the Google DeepMind Podcast, Hassabis says the current moment is not a binary question of whether AI is or is not in a bubble, but a mixed environment where some segments look overheated. Hassabis points to early-stage startup fundraising as a clear example, describing valuations that appear detached from the maturity of the underlying businesses. “One example would be just seed rounds for startups that basically haven’t even gotten going…
A sharp pullback across stocks linked to the AI trade may be masking early signs of a tradable bottom, setting the stage for a potential year-end rally, according to Wall Street strategist Dan Niles. In a new post on X, the Niles Investment Management founder says that while AI-linked names sold off hard, several internal signals suggest downside pressure could be easing in the near term. “While on the surface today was a horrible day for the AI names with both the GOOGL & OpenAI complex down 4%, there were some signs of at least a potential short-term bottom. JBL…
Elon Musk believes that AI and robotics will ultimately eliminate poverty and make money irrelevant, as machines take over the production of goods and services. In a new post on X, the richest man on the planet believes that in the future, everyone will be wealthy, and saving money will make no sense. “There will be no poverty in the future, and so no need to save money. There will be universal high income.” Replying to an X post by Melanie D’Arrigo, who hints that Musk could use his $600 billion fortune to fund a myriad of humanitarian efforts – from…
Senator Bernie Sanders says the rapid, unregulated expansion of artificial intelligence is concentrating power among a handful of billionaires while threatening jobs, democracy and human relationships. In a new video update, the Vermont senator warns that the world’s wealthiest technology leaders are not prioritizing the well-being of working families as AI and robotics accelerate across the economy. “It happens to be the very wealthiest people on earth, people like Elon Musk, Jeff Bezos, Mark Zuckerberg, Peter Thiel, Bill Gates and other multi-billionaires. Do you believe that these guys, these multi-billionaires, are staying up at night worrying about what AI and…
A surge in demand tied to electrification, data centers and automation is tightening the market for one precious metal, says the CEO of a Vancouver-based mining firm. In a CNBC interview, Pan American Silver CEO Michael Steinmann lays out the case for why he believes silver’s role in the modern economy is becoming more central, as the metal moves deeper into the supply chains powering solar, electronics and AI infrastructure. Steinmann says silver has recently been elevated on US strategic lists, while industrial demand now accounts for a majority of usage. “It’s a really important metal for the economy. It’s…
Google has begun rolling out its latest artificial intelligence model directly inside Search, making advanced AI features available to users globally at zero cost. In a new announcement, the company says it is introducing Gemini 3 Flash as the default model for AI Mode in Search worldwide, bringing what it describes as frontier intelligence optimized for speed and real-time use. Google says the new model combines the reasoning capabilities of its Gemini 3 system with the performance expectations users associate with Search, allowing AI Mode to handle more complex questions without slowing responses. “With this upgrade, AI Mode becomes an…