The Federal Trade Commission (FTC) has banned a voice-first artificial intelligence platform from promoting business opportunities after allegedly fleecing millions from small business owners. In August 2025, the FTC accused Air AI and its owners – Caleb Matthew Maddix, Ryan Paul O’Donnell and Thomas Matthew Lancer – of making false promises about the earnings potential of its products, which came with refund guarantees, since February 2023. According to the regulator, the firm claimed that its conversational AI tool can replace human customer service representatives, while allowing small business owners to make tens of thousands of dollars in days and millions…
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.
A new CBS News survey shows that despite the hype surrounding AI’s growing capabilities, the majority of Americans still have concerns about using the technology to replace humans in certain tasks. The poll, which interviewed 2,500 US adults between March 16th and 19th, finds that the majority of Americans have no qualms about AI performing boring and impersonal tasks. The study shows that 70% are comfortable with letting AI do online searches instead of humans, followed by text proofreading at 64%. But the CBS poll finds that Americans are not so comfortable with the idea that AI will file or…
xAI founder Elon Musk believes that all human content will be drowned amid the onslaught of AI output. In a new post on X, Musk says that AI content will vastly exceed all human content. Musk cites data from ARK Invest chief futurist Brett Winton, showing that AI output has outpaced human-written content. “We have been surpassed: AI-written output exceeded human-written output in 2025. By the late 2020s, AI cumulative written output–every postcard, memo, whitepaper, and business-document–should be surpassed by AI. We left a written record; that record will be synthetically surpassed.” Winton appears to say AI output could soon…
The chief executive of the world’s largest asset manager warns that a global recession could play out as the Strait of Hormuz stays closed. In a new BBC interview, Larry Fink says oil could be much cheaper or soar to extreme price levels 12 months from now. According to Fink, Iran’s standing on the world stage in the coming months will dictate the state of the global economy a year from now. “I could see a year from now oil at $40 a barrel. I could see it above $150 a barrel. We have two very extreme outcomes. And in…
The president of the European Central Bank warns that the negative impacts of the Middle East conflict could last longer than expected. In a new interview with The Economist, Christine Lagarde says people are underestimating the effects of the Strait of Hormuz’s closure on the global supply chain. According to Lagarde, investors are not pricing in the risk of a long-term supply chain disruption. “We are facing a real shock that is probably beyond what we can imagine at the moment… Well, maybe they are overly optimistic and determined to stay optimistic in the hope that their positive scenario will…
Goldman Sachs says the S&P 500 will likely end the year on a much higher note, believing that strong tailwinds are powering the market, even amid geopolitical and energy shocks. In a new video update, Peter Oppenheimer of Goldman Sachs Research says that in the short term, the S&P 500 looks primed for a fresh leg down due to rising oil prices, a weakening labor market and tensions in the Middle East. He also says the index is richly valued compared to other major indices. “We think equities are at significant risk of a further correction. Despite sharp moves in…
Banking giant JPMorgan Chase says commodities, specifically gold and silver, could be on the cusp of a new supercycle. At JPMorgan’s 2026 Asia Pacific Macro Conference, Gregory Shearer, the bank’s head of Base and Precious Metals Strategy, says that gold could hit $6,300 per ounce by the end of 2026, despite geopolitical concerns. According to Shearer, rising investor allocation and a persistent central bank bid could send gold rallying by more than 41% in the coming months. At time of writing, gold is trading at $4,443 per ounce. JPMorgan’s new price target is about 25% higher than its December 2025…
The White House has assembled a new council of top technology leaders to advise the president on artificial intelligence and emerging technologies. President Donald Trump announced the first members of his President’s Council of Advisors on Science and Technology, a group tasked with strengthening US leadership in science and innovation. The council will be co-chaired by David Sacks and Michael Kratsios and includes some of the most influential figures in technology and business. The initial roster features executives and founders from across the AI, semiconductor and software industries, including Mark Zuckerberg, Jensen Huang, Larry Ellison, Sergey Brin, Lisa Su and…
A Boston-based private research university is looking more closely at the impact of AI on the labor market to find out which jobs are most vulnerable. In its American AI Jobs Risk Index, Tufts University says that in the next two to five years, AI could disrupt between 2.7 and 19.5 million jobs across all categories, industries, cities and states, depending on the rate of adoption. According to the university, the total income loss from AI job disruption could hover between $200 billion and $1.5 trillion, accounting for 2% to 15% of total wage and salary income across the US.…
The chief executive of the retail-focused trading platform Robinhood says he has a contrarian view on the impact of AI on jobs. In a Basis Points interview, Vlad Tenev says there will be more software engineers and lawyers in the next decade because AI makes it easy for people to write code, ship products and build new companies. “In my hot take, my prediction, if I had to make one, is that there will be more software engineers in 10 years than there are today, and there will be more lawyers. So it’s very contrarian. And of course I could…