Star hedge fund manager Cathie Wood says a market correction is coming, but only after artificial intelligence ignites a productivity surge across the US economy. In a new interview on CNBC’s Squawk Box, ARK Invest CEO Cathie Wood says investors should expect a shift in the macro narrative as the AI buildout transitions from hype to real output gains. According to Wood, the AI-driven productivity gains will force the hand of the Federal Reserve to raise interest rates after the midterm elections in an effort to stop the US economy from overheating. “I think we’re going to reach a moment…
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.
Microsoft co-founder Bill Gates warns that the rapid development in the AI industry could leave some investors paying a steep price. In a new CNBC interview, Gates says companies racing to build AI infrastructure don’t get to opt out, even if some investments prove costly or poorly timed. According to the Microsoft co-founder, the pressure to stay in the AI race will inevitably punish investors who make one or two critical errors. “Some of them, you know, they’ll commit to data centers whose electricity is too expensive that it could be done overseas. They’ll buy a generation of chips, and…
A sweeping set of investment commitments from Japan signals a major industrial push into the United States, targeting the backbone infrastructure needed to power AI systems and next-generation energy demand. In a new press release, the White House says the investments are tied to the US–Japan Framework Agreement, detailing planned capital deployment across multiple initiatives, spanning power station systems for data centers, advanced electronic components, grid stabilization equipment, optical fiber networks and cooling systems for large-scale energy assets. According to the agreement, Japanese firms intend to pursue up to $477 billion in US-based projects tied to AI and power generation.…
A top semiconductor strategist at Bank of America says the AI buildout is still in its early innings and could continue powering chip stocks through the end of the decade. In a new CNBC interview, Bank of America Securities analyst Vivek Arya argues that the current infrastructure cycle, sparked by the rise of foundation models and accelerated computing, resembles prior multi-year technology waves and may last far longer than most investors expect. He believes the ongoing surge in AI demand is the start of a 10-year investment cycle, and not a hype-driven peak. “And if you look at when ChatGPT…
Nvidia is making a calculated push into the next generation of wireless infrastructure, wagering that artificial intelligence will transform global telecom and reshape the race to 6G. In a fresh press release, Nvidia says it is investing $1 billion in Nokia and launching a new telecom compute platform as part of a partnership to accelerate AI-driven mobile networks and bring US technology leadership back to wireless systems. The goal is to build commercial-grade AI-native radio access networks (AI-RAN) and lay a foundation for AI-powered edge services before the world moves into the 6G era. AI-RAN uses artificial intelligence to enhance…
JPMorgan CEO Jamie Dimon says the biggest danger from artificial intelligence relates to the exponential speed of its development. In an interview with Al Arabiya, Dimon says US tech firms may need to slow down the development of AI systems if deployment races ahead of economic and social capacity, warning that unmanaged acceleration could create a wave of massive job loss. “The only risk is that it happens too fast for society, in which case we need to adjust, that government and business should say, ‘Okay, let’s slow down the development of this.'” Dimon warns that the AI cycle is…
A new federal initiative draws AMD into the center of America’s high-stakes computing race as the U.S. Department of Energy (DOE) partners to build AI supercomputers for scientific research. In a new press release, AMD says it is teaming up with the DOE to build two advanced systems, the Lux AI supercomputer and the Discovery supercomputer, marking a combined $1 billion public-private investment. The supercomputers will be housed at the Oak Ridge National Laboratory (ORNL) in an effort to cement national leadership in artificial intelligence and high-performance computing. The projects, which tap AMD’s latest GPUs, CPUs and networking technologies, are…
Early OpenAI backer Microsoft loosens its AI infrastructure ties with the ChatGPT creator while securing one of the largest cloud commitments in history. In a new company update, OpenAI announces that it has completed its recapitalization, which aims to simplify its corporate structure as the firm gears up for the arrival of artificial general intelligence (AGI). The firm says it has established the OpenAI Foundation, a nonprofit that will have control over its for-profit business, the OpenAI Group, valued at around $130 billion. OpenAI says the structure gives it both the capital and independence to pursue AGI with long-term mission…
Tesla’s top board executive says the company’s humanoid robot Optimus is showing rapid progress in dexterity and human-like interaction as the automaker expands beyond cars into robotics and artificial intelligence. In a new interview with CNBC, Tesla Chair Robyn Denholm describes a hands-on demonstration inside the company’s Palo Alto lab, offering rare insight into the robot’s current abilities. “So I’ve been in the lab with Optimus. He can fold laundry, he can wipe the table down really well, he can hand things to you. You can actually shake hands with him. The tactile nature of his hand is actually really…
Goldman Sachs chief executive David Solomon says the United States will remain the global epicenter for capital and innovation, even as artificial intelligence begins to reshape the structure of white-collar work. In a new Bloomberg interview, Solomon dismisses concerns that the US is losing its economic edge, pointing instead to persistent foreign capital flows and the country’s continued strength in technology leadership. He says global allocators are still heavily concentrated in American markets and have shown no meaningful shift in preference toward other regions. “I don’t worry about the US and its preeminence as an attractive place to invest. If…