“Big Short” investor Michael Burry is issuing a fresh alarm about the future of OpenAI, believing that the ChatGPT creator is due to get crushed by Big Tech names. In a new post on X, the famed short-seller says that even if OpenAI pulls off the largest IPO (initial public offering) in history, the money still won’t be enough to lift the company amid the intense competitive pressure. “Even a $1 trillion OpenAI raising $60 billion would not be near enough, even though it would be the largest IPO raise in history by more than 2x. And will not change…
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.
Mark Zuckerberg says artificial intelligence is more likely to increase demand for human labor than eliminate it, pushing back on the idea that automation will inevitably shrink the workforce. In a new interview with Dwarkesh Patel, the Meta CEO says the medium-term impact of AI will raise, not lower, the need for people. He uses the scale of Meta to illustrate how companies have thrown some ideas on the back burner because they wouldn’t be economically viable today. “I tend to think that for at least the foreseeable future, this is going to lead towards more demand for people doing…
The FBI is warning the public about a surge in virtual kidnapping scams that use altered photos and videos to convince victims their loved ones have been abducted. In a new public service announcement, the FBI’s Internet Crime Complaint Center says fraudsters are fabricating proof-of-life media to pressure families into paying ransom demands. The FBI says the scheme begins with a sudden message claiming a family member has been taken. “Criminal actors typically will contact their victims through text message, claiming they have kidnapped their loved one and demand a ransom be paid for their release.” The scammers then escalate…
Investor Jason Calacanis says OpenAI is facing an existential threat as tech giants prepare to use their balance sheets to turn consumer chatbots into a free commodity. In a new episode of the All-In podcast, the angel investor says OpenAI has now become a major threat to the interests of Big Tech names, including Google, Meta, Microsoft and Apple. According to Calacanis, the incumbent AI leaders do not want another player in the field. “Here’s what Google and other folks are planning. They’re going to take the main revenue stream of OpenAI, and they’re going to suck the oxygen out…
JPMorgan says the artificial intelligence boom is entering a more complex stage, with powerful fundamentals supporting the theme even as the market grows more sensitive to potential setbacks. In the bank’s 2026 Year-Ahead Investment Outlook: AI Lift and Economic Drift, JPMorgan highlights that today’s AI boom is different from past investment cycles. According to the banking giant, the hundreds of billions in AI capital expenditures (CapEx) are largely funded by Big Tech’s large cash stockpile. “Unlike past episodes of speculative excess, today’s AI cycle is being largely financed by profitable, cash-rich firms and underpinned by robust demand. The tech sector’s…
Billionaire investor Mike Novogratz is leaning into the AI boom while sidestepping the most hyped private name in the space, saying he prefers a newly Warren Buffett-backed tech giant over any direct bet on OpenAI. In a new interview with Anthony Scaramucci, the Galaxy Digital chief says that while AI is not yet in bubble territory, he believes that it would be the biggest boom the world has ever seen. He notes that AI is the defining trade of this generation. “The reality is, I fundamentally believe AI is the most important technology of our lifetime, and this will be…
Anthropic chief executive Dario Amodei is sketching out a vision of how advanced artificial intelligence could reshape the structure of society, pointing to the long-debated idea of technological unemployment as a real possibility in a post-AGI (artificial general intelligence) world. Speaking at the New York Times DealBook Summit, Amodei cites an idea from the revolutionary economist John Maynard Keynes, who predicted a future shaped by labor-saving technologies. “The structure of a society that has built powerful AI is just going to have to be different. If we go back to John Maynard Keynes, Economic Possibilities for our Grandchildren, he invented…
Goldman Sachs chief economist Jan Hatzius says the latest jobs data points to a cooling labor market and strengthens the case for the Federal Reserve to cut rates this month. In Goldman Sachs Research’s Global Views report, the team led by Hatzius says the much-delayed September jobs report showed signs that the labor market continues to cool, which may have locked in a rate cut next week. With the next jobs report slated for December 16 and the next Consumer Price Index (CPI) print scheduled on December 18, Hatzius says “there is little on the calendar to derail a cut on…
Google DeepMind chief executive Demis Hassabis offers a rare, candid assessment of the global AI race, saying Western labs continue to lead on algorithmic breakthroughs even as China closes the gap on performance. In an interview with Axios’ Mike Allen, Hassabis says China’s strongest labs are now only a short distance behind the latest Western AI systems. “I think that we’re still in the US and in the West in the lead if you look at the latest benchmarks and the latest systems, but China is not far behind. If you look at the latest DeepSeek or the latest models,…
Star fund manager Cathie Wood believes that the AI trade is going strong, despite signs of rising risks showing in the credit default swap (CDS) market. In a new video update posted on the ARK Invest YouTube channel, Wood says the rising value of CDS for Apple and Oracle is not a sign that the AI trade is in bubble territory. Credit default swaps (CDS) serve as insurance against a company failing to meet its debt obligations. She also notes that the uptick in CDS pricing reflects a rise in caution rather than a sign of fundamental weakness. “Many people think…