Authorities have arrested three people who allegedly bypassed US export control laws to ship massive quantities of sensitive AI servers to China. The U.S. Department of Justice (DOJ) says it is charging Yih-Shyan “Wally” Liaw, Ruei-Tsang “Steven” Chang and Ting-Wei “Willy” Sun over allegations that the trio orchestrated a scheme to smuggle billions of dollars in sensitive AI chips to China in violation of federal export control laws. Authorities say Liaw, Chang and Sun masterminded a large-scale scheme using a Southeast Asia-based intermediary to disguise the true destination of the AI servers. The trio allegedly submitted false paperwork, rerouted shipments,…
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 says hundreds of millions of jobs across the globe are on the verge of AI disruption. A Goldman Sachs Research team, co-led by Joseph Briggs, presents its base-case scenario, in which it projects 6-7% of workers will be displaced over a 10-year period as companies adopt AI. According to Briggs, 300 million jobs worldwide are at risk of AI automation, while in the US, about 25% of all work hours can be automated by AI. The team finds that AI can automate nearly 46% of all tasks in office and administrative support roles, 44% in legal jobs…
Billionaire “Bond King” Jeffrey Gundlach says he’s sticking to one play that has worked so far as the United States continues to add to its record-level debt. In a new video update, the DoubleLine Capital CEO says America’s fiscal path is unsustainable as the country is expected to run a $1.9 trillion budget deficit this year. According to Gundlach, the best play for investors remains investing in equities outside the United States, predicting that European and emerging market stocks will continue to outperform the S&P 500. “I continue to recommend non-US investing and equities, which I’ve been recommending since January…
An Anthropic study finds that AI-driven job loss or wage stagnation is not people’s top fear when it comes to artificial intelligence. In a new study, Anthropic polled 80,508 people across 159 countries and 70 languages to gain insights into their hopes and concerns surrounding AI. The Claude creator finds that people are mostly concerned about AI’s unreliability, with 26.7% saying hallucinations, inaccuracies and fake citations defeat the purpose of working with an AI chatbot. Concerns about AI causing job displacement, unemployment, economic inequality, wage stagnation or negative impacts on workers and the economy rank second at 22.3%. Fears about…
Apple may be widely considered a laggard in the AI race, but it is still making bank by taxing artificial intelligence apps distributed through its App Store. Data from the mobile app market intelligence firm AppMagic shows that generative AI apps paid Apple close to $900 million in App Store fees last year, reports the Wall Street Journal. Apple typically charges a 30% commission on app sales and in-app purchases, but the figure drops to 15% for small developers earning less than $1 million per year through the App Store Small Business Program. About 75% of the revenue that Apple…
The Trump administration is defending its position that blacklisting Anthropic as a government vendor is justified and within the bounds of the law. Last week, Anthropic sued the US government after Defense Secretary Pete Hegseth gave the firm a “supply-chain risk to national security” designation and President Trump ordered all federal agencies to stop using its AI models. Anthropic claims that its refusal to allow its AI systems to be used for mass domestic surveillance and fully autonomous weapons was met with retaliation that violated the First and Fifth Amendments. In a filing with the US District Court for the…
A listing service for flexible workplace solutions says it has identified key regions in the country spearheading AI job growth. In a new study, CoworkingCafe looked at 300 metropolitan statistical areas and studied AI job postings, the average salary for AI-related jobs and four other factors to find out which cities are hotbeds for building a career in artificial intelligence. Topping the list is San Jose, California, with 14,044 AI job postings from November 2024 to November 2025 and an average salary of $215,720. “Silicon Valley anchors the US AI economy. Here, AI work is exceptionally concentrated, appearing at more…
The chief executive of the most valuable company in the world says the public listing of OpenAI is a lock for this year. In an interview at the Morgan Stanley TMT Conference 2026, Nvidia CEO Jensen Huang says the previously reported $100 billion investment in OpenAI did not play out because the ChatGPT creator is going public by the end of the year. “We’re going to invest $30 billion in OpenAI. I think the opportunity to invest $100 billion in OpenAI is probably not in the cards. And the reason for that is that they’re going to go public. And…
The chief executive of the world’s largest asset manager says college graduates are not equipped with the skills needed to find jobs in the age of AI. Speaking at the BlackRock Infrastructure Summit, Larry Fink says firms are still looking for fresh college graduates, but laments that young people are not skilled enough to catch up with the breakneck speed of AI disruption. “What I’m worried about is this May, when college graduates are graduating, we may see the highest unemployment rate of that group of young men and women that we’ve seen in years without a recession. And so…
The US government continues to pile onto its balance sheet, pushing its national debt to levels never seen before. Data from the Treasury Department shows that the US national debt has soared to $39.016 trillion for the first time in history. So far, the US government has added more than $593.944 billion to its national debt this year, from $38.422 trillion at the start of 2026. Treasury data also shows that the US is now spending nearly a fifth of its budget to pay off the interest on its ballooning debt. “The federal government is charged interest for the use…