Nvidia CEO Jensen Huang says tens of trillions of dollars will be required to fully realize the AI infrastructure buildout. In a new Fox Business interview, Huang says the world’s research and development budget of around $20 trillion will rotate into the “new ways of doing things” based on AI. According to Huang, the AI infrastructure buildout will likely be the largest in human history, far surpassing the railroad and the internet revolutions. “And over the course of the next 15 years, a lot of estimates come in at $85 trillion. And so, we’re going to build a lot of…
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 California woman says scammers drained her life savings after she accepted what she believed was a remote job tied to Facebook’s advertising platform. The victim, 60-year-old Brentwood resident Dawn Furseth, says she was contacted after finishing a contract with a Bay Area software company and searching for new work in October, reports ABC7 News. The opportunity appeared to be a part-time remote role connected to Facebook’s ad management center. Furseth says the financial damage mounted quickly. Within roughly six weeks, she lost a total of $176,000, wiping out everything she had saved. “It just infuriated me… But learned a…
OpenAI’s Sam Altman is now looking at investors in the Middle East to help sustain the ChatGPT creator’s operations and capital expenditures. People familiar with the matter say Altman has been in talks with top investors in the region in an effort to secure a $50 billion investment for OpenAI, Bloomberg reports. The sources, who wish to remain anonymous as the information is not public, say Altman held meetings that included investors from leading state-backed funds in Abu Dhabi. A $50 billion investment would put OpenAI’s valuation between $750 billion and $830 billion. The effort to raise more funds comes…
A Wall Street strategist believes that Intel (INTC) should be valued much lower based on the tech firm’s fundamentals and outlook. In a new CNBC interview, Deepwater’s Gene Munster calls INTC a meme stock following its staggering 44% rally this month alone. According to Munster, Intel is rallying largely because of retail and social media hype and not based on fundamentals. “So at the most basic level, Intel is a meme stock. They’re going to grow 3% next year.” Munster highlights that billions of dollars in investment from the US government and Nvidia (NVDA) have breathed new life into INTC,…
Citadel CEO Ken Griffin believes that the narrative behind the potential for AI to drive massive productivity gains lacks true substance. In a new interview at the 56th Annual Meeting of the World Economic Forum, Griffin says tech firm executives are selling the dream that AI will change the world in the future to get investors to write checks worth tens of billions of dollars. According to Griffin, investments to build data centers are estimated to total a staggering $500 billion for just this year. “Data center spending in the United States this year is over half a trillion dollars……
A new analysis from the Center for Countering Digital Hate (CCDH) estimates that Grok produced millions of sexualized images that were then posted to X in less than two weeks, raising fresh concerns about safeguards around generative image tools. In a new study, CCDH says its researchers examined activity from December 29 through January 8, a window during which Grok’s image generation feature produced an estimated 4.6 million images in total. Using a random sample of 20,000 images, the group extrapolated how frequently sexualized content appeared across the wider dataset. According to CCDH, the results suggest Grok generated roughly 3,002,712…
SpaceX CEO Elon Musk says the tech firm could witness a key breakthrough this year that sets the stage for space to be the next frontier for data centers. In a new interview with BlackRock CEO Larry Fink at the 56th Annual Meeting of the World Economic Forum, Musk says SpaceX is looking forward to achieving full reusability of rockets this year. Musk highlights that no one in history has achieved the technological feat that could drastically cut the costs of sending satellites into space. “If you have to throw your aircraft away after every flight, that would be a…
Anthropic co-founder and CEO Dario Amodei is reiterating his warning that a massive job displacement among knowledge workers is in sight amid the emergence of AI. In an interview at the 56th Annual Meeting of the World Economic Forum, Amodei says history shows that the labor force has adapted well through past industrial revolutions, from farming to today’s white-collar work. But this time around, Amodei worries that the pace of AI development will overwhelm the labor market’s ability to adapt, ultimately leaving many people without jobs. “One to five years as of six months ago, I would stick with that.…
An investor with an estimated net worth of $2.5 billion believes businesses can use the current capabilities of AI in one area to get ahead of the competition. In a new post on X, Airbnb and Stripe backer Paul Graham says the biggest wins for today’s AI are emerging in businesses that were historically bottlenecked by how fast humans could produce text. According to Graham, coding is one example, but he notes that the same constraint exists across many other industries. “The sweet spot for present-day AI seems to be projects that were constrained by the rate at which humans…
Congress is moving to tighten control over advanced US AI chip exports as lawmakers warn the technology is increasingly central to modern warfare. The House Foreign Affairs Committee on Tuesday advanced the AI Overwatch Act during a full committee markup, pushing forward legislation designed to block adversary militaries from accessing weapon-enabling artificial intelligence and to anchor allies to US AI systems. The bill was introduced last month by Committee Chairman Brian Mast and would codify national security requirements tied to the Commerce Department’s recent H200 export rule, applying congressional oversight to some of the most advanced AI chips produced by…