A fraudster has stolen thousands of dollars from a victim after using AI to pose as an FBI operative. The Pennsylvania State Police says a scammer duped a New York resident into sending $4,000 in Apple gift cards after pretending to work at the FBI, reports WGAL News 8. Authorities say the scammer claimed that he was Agent Joshua Robert Simmons and sent a photo of himself working in an FBI office, an image which police say is clearly AI-generated. The scammer convinced the victim that his credit card accounts were showing suspicious activity to get him to send 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.
Meta chief executive Mark Zuckerberg is building a personal AI agent to move faster and cut through internal layers. A source close to the matter says Zuckerberg is using the agent, which is still under development, to get information faster rather than through one person after another, the Wall Street Journal reports. During Meta’s Q4 earnings call, Zuckerberg said that 2026 will be the year the company uses AI to “dramatically change” how work gets done inside the company. “So to do this, we’re investing in AI-native tooling so individuals at Meta can get more done. We’re elevating individual contributors…
Billionaire Mark Cuban believes that AI will mirror the adoption of technology in the NBA, which players eventually figured out in order to outperform. In a new post on X, Cuban says the NBA changed with the introduction of analytics, which forced teams to redesign their offensive and defensive strategies to put more points on the board. According to the billionaire, the first team to adopt analytics had an edge, but the advantage was lost over time as everyone adopted the same technology. “Point being, that in the early days, the products seem very different. Over time, they will be…
Morgan Stanley’s chief investment officer warns that the Magnificent 7’s era of dominance may be coming to a close. In a new interview on The Meb Faber Show, Mike Wilson says one macro trend emerging is diversification, noting that investors are de-risking and de-concentrating from the US and mega-cap tech names. He also notes that while the Mag 7 stocks have outperformed over the past few years, it would be foolish to assume that the trend will persist amid the massive AI CapEx cycle. “This idea of just going back to the tried-and-tested Mag 7, I think, is a mistake.…
Elon Musk is laying out plans for a massive semiconductor factory backed by SpaceX, Tesla and xAI. In a new announcement, Musk says the Terafab project is a joint venture between his tech companies that has the explicit goal of manufacturing a trillion watts of compute per year. According to Musk, SpaceX, Tesla and xAI plan to build the largest chip manufacturing facility ever, capable of producing one terawatt per year, by combining logic, memory and advanced packaging under one roof. “To give you a sense of what we’re talking about, the current output of AI compute is roughly 20…
The founder of a technical analysis firm says some of the biggest names in the S&P 500 are showing signs of strain just as the index dives below a closely-watched indicator. In a new CNBC interview, Fairlead Strategies founder Katie Stockton says the S&P 500 is now likely to fall further after breaching the 200-day moving average. “So when you see them breached, of course, it suggests that we have something worse than just a corrective phase. But then I would guess also that maybe some of these algorithmic trading programs have that 200-day becomes sort of a breakdown just…
Billionaire investor Mark Cuban says employees looking for work at big companies may be barking up the wrong tree. In a new post on X, Cuban says white-collar workers had a harder time adapting to the PC Revolution during the 1980s compared to today’s AI boom. According to Cuban, personal computers were very expensive back then, and people had to hustle to learn how to code. “Today, presumably every white-collar worker has access to a smartphone and/or a PC/laptop. Back then, a PC cost $4,995, and an off-brand was $3,995. $5,000 in 1984 is about $16,000 today. It was really…
Prominent venture capital firm Andreessen Horowitz (a16z) says it is beginning to see signs that a new type of business is rising, one that heavily relies on technology. In the firm’s It’s Time to Build report, a16z says the rise of AI-native small businesses may be unfolding now. According to the venture capital firm, data shows that new small business applications are on the up and up, and tech spend is on the rise, while payroll spend is rapidly decreasing. “New business applications are elevated, but ‘high propensity [to hire]’ business applications are in decline. At the same time, SMB…
Fundstrat CIO and market veteran Tom Lee believes the stock market will hit new all-time high levels before 2026 comes to a close. In a new CNBC interview, Lee says he’s sticking to his 7,700 call for the S&P 500 this year, highlighting that a military conflict is bullish for stocks and the economy. “I think 7,700 was a conservative estimate to start, because markets have been steadily repricing on a P/E (price-to-earnings) basis, and we’re only assuming modest P/E expansion this year to 7,700. And as much as the war is creating, obviously, a huge short-term setback and a…
Elon Musk believes that the era of AI or even AGI will rarely produce massive paradigm shifts, similar to those achieved by Isaac Newton and Albert Einstein. In a new post on X, Musk says AI tools will be used to create new inventions and build new worlds based on our current understanding of physics. Musk says he does not believe that the power of AI will be harnessed to rewrite the laws of physics, noting that they are mostly already discovered. “There will be a little discovery along the lines of Newton or Einstein, but ~100% of intelligence output…