Alibaba is stepping into Nvidia’s gap in China with a new (artificial intelligence) AI chip as NVDA shares drop despite record-breaking sales. The e-commerce giant has unveiled a processor built for a broader range of inference tasks, aimed at customers blocked from accessing Nvidia hardware, the Wall Street Journal reports. The chip is being manufactured by a Chinese foundry rather than Taiwan Semiconductor Manufacturing, a shift that underscores Beijing’s goal of technology self-reliance. People familiar with the matter say Alibaba’s new chip is designed to handle a wide array of AI inference tasks, but notes that the tech is still…
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 new report from Anthropic details how a threat actor harnessed Claude Code to conduct an entire cyberattack lifecycle, from reconnaissance to extortion, in what researchers call “unprecedented” integration of artificial intelligence (AI). In its August 2025 Threat Intelligence report, Anthropic says it dissected the cybercriminal operation known as GTG-2002, which reportedly targeted 17 organizations across the globe. According to the AI safety and research company, the attacker relied on Claude not only to support technical operations but also to make tactical and strategic decisions, including which networks to penetrate, what data to steal, and how to craft extortion demands…
Nvidia’s chief executive says the rise of artificial intelligence (AI) is not only set to transform global productivity but could also change the very structure of work. In a new interview on Fox Business, Jensen Huang says the rise of artificial intelligence will allow humans to do more while spending fewer hours at work. He also says that efficiency gains will open the door to more innovation. “I have to admit that I’m afraid to say that we are going to be busier in the future than now. And the reason for that is because a lot of different things…
Federal Reserve Governor Christopher Waller says the central bank is conducting technical research into artificial intelligence (AI) as part of its effort to modernize the U.S. payments system. Speaking at the Wyoming Blockchain Symposium, Waller describes a sweeping transformation across the industry. “The payment system is experiencing what I have called a ‘technology-driven revolution,’ where the latest advances in computing power, data processing, and distributed networks have fueled growth in innovative new payment services.” He says AI is emerging as a powerful enabler for both private and public sector payment services. “Here, AI is not serving as payments infrastructure but…
Fraud losses are mounting across the U.S. as artificial intelligence fuels more sophisticated scams. Experian’s latest Identity and Fraud Report shows that nearly 60% of companies are reporting higher year-over-year fraud losses. The global data and technology company notes that identity theft, transactional payment fraud, account takeover, peer-to-peer payment scams and first-party fraud are the top fraud events witnessed in the last 12 months. Kathleen Peters, Chief Innovation Officer at Experian North America, says the pace of digital crime is overwhelming defenses. “With the widespread use of generative AI, fraud is evolving faster than many businesses can keep up with.”…
A cybersecurity threat intelligence firm is warning that it has discovered the emergence of the first ransomware sample known to be powered by artificial intelligence (AI). In a new thread on X, Eset Research says it has uncovered PromptLock, a malware running OpenAI’s GPT-oss:20b model through the Ollama API. According to the security researchers, the malware generates Lua scripts that scan local files, exfiltrate data, and perform encryption across Windows, Linux, and macOS. “ESET Research has discovered the first known AI-powered ransomware, which we named PromptLock… Based on the detected user files, the malware may exfiltrate data, encrypt it, or…
The CEO of the most valuable company by market cap says that a new arms race in the tech industry is underway. In the company’s latest earnings call, Nvidia (NVDA) chief executive Jensen Huang says the largest cloud service providers or hyperscalers are making massive bets on artificial intelligence (AI). According to Huang, Amazon, Google, Meta, and Microsoft are sinking hundreds of billions of dollars per year into AI, fueling a new race in the tech industry. “As you know, the CapEx (capital expenditures) of just the top four hyperscalers has doubled in two years. As the AI revolution went…
Coinbase chief executive Brian Armstrong is warning that artificial intelligence (AI) deepfakes are reshaping the threat landscape for businesses, forcing companies to rethink how they verify employees and manage remote work. In a conversation with Stripe co-founder John Collison, Armstrong describes how AI-driven impersonation is creating new risks that go beyond technical systems and touch the workforce itself. He says the need for proof of physical presence is becoming unavoidable. “Proof of physical presence is going to become a bigger deal in a world of AI deepfakes, just higher stakes for all this kind of cybercrime and stuff, where in…
JPMorgan Chase is warning that overconfidence may be the single biggest vulnerability in the fight against artificial intelligence (AI) scams. In an interview with Investopedia, Darius Kingsley, head of consumer business practices at JPMorgan, says the problem isn’t awareness, but psychology. “The problem is nobody ever thinks they’ll fall for a scam. You’re trying to educate people who none of whom believe this is ever likely to happen to them.” Research shows that scams are already hitting the majority of Americans. A Pew Research Center study finds that 73% of U.S. adults have experienced an online scam or attack, with…
OpenAI CEO Sam Altman is warning that the artificial intelligence (AI) boom will wipe out fortunes as valuations spiral out of control. In an interview with The Verge, Altman compares the AI frenzy to the dot-com bubble witnessed in the 1990s, highlighting that it’s “insane” for three people with an idea to raise billions of dollars worth of investments. “If you look at most of the bubbles in history, like the tech bubble, there was a real thing. Tech was really important. The internet was a really big deal. People got overexcited… Someone is going to lose a phenomenal amount…