Author: Henry Kanapi

OpenAI chief financial officer Sarah Friar says the artificial intelligence boom is still in its earliest stages, with consumer adoption and enterprise usage surging alongside a sharp rise in revenue. In an interview at the Goldman Sachs Communacopia + Technology Conference, Friar says the AI build-out is so vast that it could generate companies larger than any market titan to date. Friar highlights how quickly OpenAI has scaled over the past year. “I think a year ago, a lot of people were still like, ‘Is AI real?’ And I think here we are a year later, 700 million consumers using…

Goldman Sachs chief David Solomon says the AI boom is generating powerful tailwinds for growth as two banking giants abruptly boost their price target for the S&P 500. In an interview at Goldman’s Communacopia + Technology Conference, Solomon says artificial intelligence will power growth and productivity even amid macroeconomic concerns. “And if you think about the changes in technology and media over that period of time, you know, email was just invented in the early 90s. Nobody had it. You think about where we are with AI. You think about the interest. There are 3,000 clients here, hundreds of companies,…

Ray Dalio says he is beta testing an artificial intelligence agent trained on decades of his personal decision-making framework, promising users a digital version of himself that can engage in real conversations. The billionaire investor confirms the project in a Reddit AMA (Ask Me Anything) session, framing it as a way to scale his principles to a much wider audience than he can reach directly. Dalio, founder of Bridgewater Associates and author of Principles, has long emphasized the codification of rules for navigating markets and life. He describes the project as a culmination of the thousands of principles he has…

Investor Tom Lee says the market may be misjudging one of the biggest names in artificial intelligence (AI), pointing to a valuation gap that he argues doesn’t make sense. Speaking after Oracle’s results, Lee says strong IT spending is reinforcing the case for companies tied to the AI boom. “Oracle… reported after the close today, the stock is up strongly, up 27%. And in our view, it’s really affirming that IT spending and the visibility for AI spending remains strong.” Turning to Nvidia (NVDA), Lee points out that the stock trades at a lower multiple than well-known retailers like Costco…

Oracle shares rocketed as much as 43% in a single day, just as news broke that the cloud service provider inked a massive deal with OpenAI. The Wall Street Journal reports that Oracle and OpenAI signed a five-year, $300 billion compute contract starting in 2027 in one of the largest cloud deals ever. The contract would require 4.5 gigawatts of capacity, roughly equal to two Hoover Dams, underscoring the capital intensity of frontier AI. On the same day, ORCL shares jumped from $241 to as high as $345, an over 43% surge before closing at $328 The new deal between…

Interactive Brokers chief strategist Steve Sosnick says the frenzy around artificial intelligence continues to drive retail flows, pushing investors to bid up stocks that deliver even modest AI exposure. In a CNBC interview, Sosnick says the market’s reaction to Oracle’s latest forecast shows how investors are treating cloud and AI themes as catalysts for rapid revaluations. “All things cloud, all things AI are still capturing investors’ imaginations. And the fact that the amount of money that’s just been put on top of Oracle because of admittedly a very good forecast is just astounding.” Sosnick says the scale of the move…

CoreWeave is moving beyond infrastructure into investing, launching a ventures arm designed to back startups building the next wave of artificial intelligence platforms. In a new press release, the firm unveils CoreWeave Ventures, an investment arm that will provide a mix of capital, compute-for-equity transactions, and access to its GPU-heavy cloud platform to help founders bring products to market faster. Co-founder Brannin McBee says the project is designed to support founders pushing technical advancements. “Our aim with CoreWeave Ventures is to give other audacious, like-minded founders the support they need to drive technical advancements and bring to market the next…

BlackRock’s chief investment officer of global fixed income, Rick Rieder, says markets today offer the broadest range of opportunities he has seen in his career. In a CNBC interview, Rieder explains why he believes the investment backdrop is unprecedented, citing strong earnings, abundant liquidity, and cross-asset income. “I think it’s the best investment environment. You have a couple of things taking place all at once. Technology is changing. We’ve got incredible earnings growth. There are a number of tech companies. That’s exciting. You’ve got bifurcation across different companies in the fixed income market. You’ve got income everywhere. You can still…

Goldman Sachs says a multitrillion-dollar wave of AI infrastructure spending could be the catalyst that spreads gains beyond the market’s largest tech names. In a CNBC interview, Goldman’s chief US equity strategist, David Kostin, points to Nvidia’s latest forecast for industry capital spending through the end of the decade and ties it to how stock market leadership could broaden. “Goldman Sachs tech conference in San Francisco, NVIDIA commented about the idea of $3 trillion, T with a trillion, capital spending that they anticipate over the next several years from now to 2030. So that would be a tailwind to the…

Mark Cuban says the real disruption from artificial intelligence won’t come from large language models but from robots that can see, move, and act in the physical world. In a panel discussion at the All-In Summit, the billionaire investor says the current AI craze is limited by its text-based nature. While chatbots have dominated headlines, Cuban explains they can’t sense or process the physical environment. He predicts that AI’s next wave in robotics has the potential to upend labor markets. “But in the long term, it comes down to robotics. Because the electrical workers, if robotics do what robotics need…