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…
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.
Salesforce is touting rapid growth in its artificial intelligence business while simultaneously trimming thousands of jobs from its customer support division. In a new interview with The Logan Bartlett Show, CEO Marc Benioff highlights both the company’s success in selling AI-driven products and the efficiency gains those tools are delivering inside Salesforce. Benioff says the company became “customer zero” for its new agentic service and support platform, which now handles millions of conversations alongside human agents. He says the pilot has allowed him to shrink headcount in the support division dramatically, calling it the “most exciting thing” to happen in…
An investment banking advisory firm says artificial intelligence could fuel the strongest equity rally in decades, pushing the S&P 500 to new all-time highs. In a new investor note, analysts at Evercore ISI, including chief equity and quantitative strategist Julian Emanuel, unveil a bull case target of 9,000 for the S&P 500, reports Bloomberg. Evercore says investor enthusiasm for AI is already transforming valuations and could propel the S&P 500 far beyond current levels. The analysts note that if confidence spreads across businesses, consumers, and markets, the stock market index could hit the massive price target as early as next…
Meta is weighing whether to partner with Google or OpenAI to bolster the artificial intelligence features inside its social media apps, according to a new report. Citing The Information, Reuters reports that the conversations are part of a wider strategy under Meta’s new unit, Meta Superintelligence Labs, which is tasked with advancing the company’s AI efforts. Leaders have explored licensing Google’s Gemini model to handle conversational responses inside Meta AI, the company’s flagship chatbot. Meta has also discussed leveraging OpenAI’s models to power Meta AI and other features in its social media apps. Any partnerships would likely be temporary, serving…
Talk of an AI bubble may be overstated, according to a leading technology research firm that sees data center demand expanding at an extraordinary pace. In a new Schwab Network interview, Futurum CEO Daniel Newman says forecasts for the next five years point to a booming market for AI servers and chips, despite skepticism in some corners of Wall Street. According to Newman, one tech giant is going to rake in massive profits selling picks and shovels in the new gold rush. “Yeah, the bubble story is completely blown out of proportion. In our forecast over the next five years,…
Artificial intelligence is speeding up every aspect of business and security, but one of its side effects is the uncontrolled spread of “shadow AI,” says a cybersecurity platform. In a new CNBC interview, SentinelOne chief executive Tomer Weingarten says attackers are not the only ones moving faster, but enterprises themselves are introducing new risks by letting employees use generative AI tools without oversight. “AI is accelerating everything. So obviously, it’s accelerating also what attackers and adversaries can do.” He warns that unsanctioned AI model usage is becoming a nightmare for companies and security teams. “It’s a lot of data leakage.…
More than 30 countries have reportedly reached out to OpenAI with interest in joining its $500 billion Stargate initiative, underscoring the scale of demand for artificial intelligence infrastructure. The San Francisco-based company is aiming for an initial 10 anchor partnerships across regions as it builds out Stargate, a project designed to deliver unprecedented computing capacity for AI development, reports Bloomberg. Stargate represents one of the largest private-sector buildouts of computing power in history. In the United States, OpenAI has teamed up with SoftBank Group and Oracle to construct 4.5 gigawatts of capacity, a $500 billion effort praised by President Donald…
Meta is facing scrutiny after reports surfaced that the company’s platforms hosted flirty chatbots impersonating Taylor Swift, Scarlett Johansson, Anne Hathaway and Selena Gomez without the celebrities’ permission. Reuters conducted weeks of testing on Meta’s platform and found that the avatars often insisted they were the real celebrities, flirting with users and even making sexual advances. While many were created by users, a Meta employee built at least three, including two Taylor Swift “parody” bots. Some of the avatars went further than flirtation. When asked for explicit photos, several adult celebrity bots generated lifelike images of their namesakes in sexual…
The CEO of a multi-billion-dollar tech firm says banking giants Goldman Sachs and Citibank are among the firms relying on artificial intelligence (AI) to boost workflow. In a new interview on the A Cheeky Pint YouTube channel, Cognition AI chief executive Scott Wu says its artificial intelligence engineer Devin is now being used by companies big and small across the world. Devin is Cognition’s AI software engineer that has the capabilities to read, write, test, and deploy code end-to-end. It functions like a junior to-mid-level engineer on a software team, working alongside humans but automating repetitive or time-consuming coding tasks.…
The youngest workers in America’s technology sector are facing sharp job losses as artificial intelligence (AI) spreads across the workplace, according to a new Stanford-led study. The research, authored by Erik Brynjolfsson, Prasanna Chandar, and Daniel Chen, uses payroll data from millions of employees across tens of thousands of firms to measure the labor effects of generative AI. Results of the study show the job market has not been kind to young workers, especially those exposed in generative AI fields. “Since the widespread adoption of generative AI, early-career workers (ages 22–25) in the most AI-exposed occupations have experienced a 13%…