A cybersecurity firm valued at $2 billion is warning that the escalation of AI attacks represents not just a financial problem but a threat to US national security. Citing data from the Government Accountability Office, ID.me says that fraudsters drained up to $521 billion annually from the US government. Meanwhile, criminal networks in Russia, China, and Nigeria siphoned billions from pandemic relief programs, as North Korean actors increasingly target American companies using stolen identities. “Fraud is now both a financial and national security crisis… Fraudsters are now weaponizing AI tools like deepfakes to exploit vulnerabilities faster than ever. Defeating them…
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.
A top dealmaker at Barclays says the artificial intelligence (AI) arms race is setting the stage for an unprecedented takeover cycle. In an interview, Andrew Woeber, global head of mergers and acquisitions at the British universal bank, says he expects the biggest tech firms in the world to ink a massive 12-figure deal within a year, reports Bloomberg. “There will be transactions that defy our imagination within the broader AI spectrum. Don’t be surprised to see a $100 billion plus deal within the next year. Big platforms are going to make big bets.” If a $100-billion deal comes to life,…
New developments have breathed new life into Apple’s (AAPL) struggling artificial intelligence pivot, and Bank of America (BofA) believes it could generate tens of billions of dollars for the tech giant. In a landmark court ruling, a federal judge allowed Apple to maintain its lucrative default search arrangement with Google. BofA estimates that the agreement generates about $20 billion a year, roughly a fifth of Apple’s services revenue, and its survival gave investors immediate relief. Wamsi Mohan, senior equity research analyst at BofA, says Apple is now in a solid position to surprise everyone in the AI arms race. “So…
Alphabet’s antitrust showdown has ended with a ruling that reshapes the trajectory of the company’s core search and advertising business. Alphabet was sued by the U.S. Department of Justice (DOJ) in 2020, accused of maintaining an illegal monopoly in online search and advertising through exclusionary deals with companies like Apple. But on Tuesday, a judge in Washington stopped short of breaking up Google, preserving its lucrative deal with Apple while ordering it to share data with rivals, reports Reuters. The decision sent Alphabet shares sharply higher, marking the company’s biggest single-day move since April. Dan Ives, global head of technology…
AI-powered betting firms are selling subscriptions that cost gamblers more money on top of wagers, promising that artificial intelligence can give them a winning edge. Gamblers are paying up to $199 per month to access the intelligence offered by AI-powered betting startups, reports Wired. But despite bold claims, the results show little evidence that customers are coming out ahead. Sports betting in the United States has surged since a federal ban was struck down seven years ago, with Americans placing more than $150 billion in wagers last year. That growth coincided with the AI boom, spawning a new crop of…
OpenAI has agreed to acquire Statsig in a $1.1 billion all-stock deal, gaining not only the startup’s experimentation platform but also its founder. Under the structure, the founder and his team come on board as part of the package, tied to OpenAI’s own roughly $300 billion valuation. Statsig’s founder, Vijaye Raji, will step directly into a new leadership post at OpenAI as chief technology officer of Applications, placing him in charge of ChatGPT, Codex, and critical infrastructure and integrity systems. Statsig has carved out a place in the crowded software market by offering a full-stack experimentation platform that goes beyond…
Zscaler is reporting new milestones and posting record operating margins, as its chief executive warns that artificial intelligence is opening fresh attack surfaces for enterprises worldwide. The cybersecurity firm reports fourth-quarter revenue of $719.2 million, up 21% year-over-year, and annual recurring revenue rose 22% to $3.015 billion. Calculated billings reached $1.2 billion, up more than 30% from last year. Free cash flow hit $171.9 million, or 24% of revenue. During the firm’s earnings call, CEO Jay Chaudhry says Zscaler’s platform has secured nearly 40% of the Global 2000 and more than 45% of the Fortune 500 companies. He credits demand…
Anthropic has rocketed to a massive valuation in just a few years, even as its chief executive unveils the economics of scaling frontier AI models, creating a paradox of rising costs and hidden profits. In a new blog post, Anthropic reveals that it closed a $13 billion Series F round led by ICONIQ, Fidelity and Lightspeed Venture Partners, valuing the AI startup at $183 billion in less than three years since launching its Claude model. The round also drew heavyweight backers including BlackRock, Blackstone, Goldman Sachs, Jane Street, Qatar’s sovereign wealth fund and Ontario Teachers’ Pension Plan. The financing cements…
The CEO of a tech advisory firm is warning that artificial intelligence will drive a sweeping consolidation in the software sector, putting thousands of companies at risk. In a Fox Business interview, Futurum chief executive Daniel Newman says the broader AI boom is fueling massive investment in infrastructure and data tools. But he warns that companies that don’t have a strong enough business model or unique use cases will likely vanish as AI reconfigures workflows. Specifically, he’s looking at software-as-a-service (SaaS) companies, which he predicts will be consumed by the accelerating AI wave. SaaS firms rent software over the internet…
Artificial intelligence is now central to how criminals commit identity theft, according to a new report from the Identity Theft Resource Center (ITRC). The nonprofit, which tracks data breaches and fraud trends in the United States, says advances in AI are changing the scale and precision of attacks, leaving victims exposed to greater losses. In its 2025 Trends in Identity Report, ITRC says criminals no longer need to cast wide nets to ensnare victims. Instead, AI enables them to target fewer people more effectively and extract larger sums from each case. “Criminals are using technology like artificial intelligence (AI) to…