US banks are rapidly rolling out or expanding their use of AI as fraud losses surge to historic levels. A new study from Cornerstone Advisors polled 416 respondents working at banks and credit unions across the country, including C-level executives. The survey finds that AI adoption among US banks is in full swing. Generative AI is already the most widely deployed AI technology in banking, with 49% of banks reporting active use. Another 29% say they will invest or implement generative AI in 2026, leaving just 4% saying it is not on their radar. Turning to the use cases of…
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.
Tesla’s (TSLA) valuation continues to defy traditional earnings-based frameworks, and banking giant Barclays says investors should not expect the dynamic to change soon. In a new CNBC interview, Barclays senior US autos and mobility analyst Dan Levy says Tesla now occupies a rare position in global equity markets, combining a massive market capitalization with valuation multiples that would normally be unsustainable for most companies. “Tesla is one of two companies in the world that’s a $100 billion-plus valuation, but also trades at 150 times forward earnings or more. And so there is this recognition that clearly the market is pushing…
A former Google software engineer is now facing decades in prison after stealing thousands of pages of AI trade secrets to benefit the People’s Republic of China. In a new press release, the U.S. Department of Justice (DOJ) says 38-year-old Linwei Ding, also known as Leon Ding, is guilty of seven counts of economic espionage and seven counts of theft of trade secrets following an 11-day trial. Court documents show that Ding secretly copied more than 2,000 pages of confidential Google documents while employed at the company between May 2022 and April 2023. Ding uploaded the confidential files from Google’s…
Meta’s (META) AI strategy is beginning to pay dividends as the company achieves a rare feat in digital advertising, according to Futurum strategist Shay Boloor. In a new post on X, the chief market strategist at the technology insights firm says Meta’s ad volume and ad pricing are rising at the same time. Boloor shares a chart showing that Meta has delivered a cumulative increase of nearly 40% in worldwide ad impressions since late 2021, while average price per ad has also turned positive and accelerated through 2024 and 2025. “This is evidence that META AI investments are monetizing. In…
Billionaire venture capitalist Chamath Palihapitiya believes that a merger between two of Elon Musk’s high-profile tech firms could give birth to a modern version of Warren Buffett’s Berkshire Hathaway. Citing people familiar with the matter, Bloomberg reports that SpaceX has discussed the feasibility of a tie-up with Tesla, an idea that some investors have actively pushed. Separately, Musk has also explored a potential combination between SpaceX and xAI ahead of a possible initial public offering for the AI company. The discussions are described as preliminary, with no final decisions made. The people say details could change, and the companies could…
Billionaire “Bond King” Jeffrey Gundlach says strong headline GDP numbers are obscuring growing stress beneath the surface of the US economy. Speaking in a new CNBC interview, the DoubleLine Capital founder warns that headline growth is being driven by narrow pockets of activity, while large parts of the population face very different economic realities. Gundlach says recent GDP strength is concentrated in two areas: AI-driven business investment and high-end consumer spending, creating a widening gap between aggregate data and lived experience. “We look at GDP, and it looks great. But it’s pockets that are doing that. It’s a lot of…
Goldman Sachs chief executive David Solomon says companies are deploying capital to invest in AI, setting the stage for broad economic growth in the coming years. In a new interview with Bloomberg, Solomon says the market is broadening as companies adopt AI into the core of their workflows and operations. “Well, you’ve seen a big move in markets away from Mag 7. I think there’s been broader participation. I think companies are investing. I think there’s a big view that AI productivity is going to move into the enterprise. And that creates flexibility for a broader array of companies to…
Amazon is introducing a new wave of job cuts just three months after eliminating tens of thousands of corporate roles. In a letter shared with employees, Beth Galetti, Amazon’s senior vice president of People Experience and Technology, says the latest reductions follow organizational changes that began last year but were not completed across all teams until now. Galetti says the current round of reductions will affect approximately 16,000 roles globally, with Amazon offering most US-based employees 90 days to seek another internal role before separation, subject to local requirements in other countries. “For teammates who are unable to find a…
Cybersecurity firm Norton says a growing majority of US online daters are now open to forming romantic relationships with AI chatbots, a shift that collides with widespread loneliness and a rapidly evolving scam economy. Norton’s latest Artificial Intimacy report surveyed 14,000 adults between late July and mid-August 2025 across 14 countries, including the United States, United Kingdom, Australia, Brazil, Germany, Japan and France. Norton finds that 77% of current online daters in the United States say they would consider dating an AI, well above the global figure of 67%. Across the world, 37% of current online dating app users say they…
Some of the world’s largest technology companies are in discussions to deepen their financial backing of OpenAI as part of what could become one of the biggest private funding rounds in history. Nvidia, Microsoft and Amazon are in talks to collectively invest as much as $60 billion in OpenAI, contributing to a broader funding round that could reach up to $100 billion, Bloomberg reports. Nvidia, which is already a backer of OpenAI, is discussing an investment of up to $30 billion. Microsoft, another existing investor and strategic partner, is said to be considering a contribution of less than $10 billion.…