Billionaire investor Chamath Palihapitiya is outlining a scenario that could reshape the economics of artificial intelligence, arguing that Google and Meta have enough firepower to make chatbots effectively free in order to crush OpenAI’s advantage. In a new episode of the All-In Podcast, the former vice president of user growth at Facebook responds to an argument made by investor Jason Calcanis that Google and Meta will make their AI chatbots free to drain OpenAI’s massive user base. Palihapitiya first notes that Big Tech titans are sitting on a massive stockpile of cash that holds no value to the firms unless…
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.
“Big Short” investor Michael Burry is issuing a fresh warning, believing that ChatGPT creator OpenAI will witness the same fate as the once-dominant web browser Netscape. In a new post on X, the famed contrarian investor says that Sam Altman’s OpenAI downfall is inevitable as it continues to burn through its cash stockpile. Burry adds that Microsoft’s backing is keeping the lights on at OpenAI. “Everyone that knows anything knows this. OpenAI is the next Netscape, doomed and hemorrhaging cash. Microsoft is trying to keep it afloat while keeping it off the balance sheet and sucking out the IP.” But…
Mark Zuckerberg is shifting Meta’s (META) spending priorities as the company accelerates its push into artificial intelligence, according to a new breakdown from a top Wall Street analyst. In a new CNBC interview, Gil Luria, managing director and head of technology research at D.A. Davidson, says Meta established Reality Labs because CEO Mark Zuckerberg wants to own the next generation of AR/VR hardware and leave competitors out of the mix. But Luria says the metaverse project has been a money guzzler for the social media giant, and now Zuckerberg sees a new race he wants to dominate. “If they shut…
A new Stanford study is sounding an alarm for American users as researchers reveal that the biggest AI developers in the United States are quietly feeding personal chat conversations back into their models. The report comes from the Stanford Institute for Human Centered AI, where scholars examined 28 privacy documents linked to six frontier developers. The review focused on the privacy policies of Amazon Nova, Anthropic Claude, Google Gemini, Meta AI, Microsoft Copilot and OpenAI ChatGPT. Stanford researchers evaluated the policies by following a California Consumer Privacy Act-based framework to determine what data is collected, how long it is retained…
A retired teacher in Saskatchewan says he lost thousands of dollars to a scam after seeing an AI-generated fake video of Canadian Prime Minister Mark Carney promoting a fraudulent crypto scheme. Lynn Phaneuf, 70, says he thought he was watching a legitimate segment on his smart TV when a video styled as a CBC interview featuring Carney and host Rosemary Barton appeared, CBC reports. The retired teacher says the segment promoted what looked like a government-backed opportunity to invest in crypto assets. But it never aired on CBC and was later confirmed to be a deepfake video impersonating both the…
Visa is sketching a new portrait of the American holiday season, one defined by AI, crypto curiosity and an anxious public bracing for a wave of online scams. In a new nationwide survey, the payments giant says 47% of Americans are already using artificial intelligence to shop, compare prices or hunt for gifts, while younger generations are looking to surprise their loved ones during the holidays with crypto. Says Bruce Cundiff, vice president, Consumer Insights at Visa, “The data tells a fascinating story about the spending shift we’re witnessing: shoppers are embracing AI and digital tools at a remarkable speed,…
Nvidia CEO Jensen Huang is ending the popular narrative that AI is coming for American jobs, erasing entire professions, even those that require decades of schooling. In a new episode of the Joe Rogan Experience podcast, Huang says AI godfather Geoffrey Hinton predicted five years ago that the world wouldn’t need any radiologists due to AI’s capabilities to study images accurately. But instead of wiping out an entire profession, Huang says the number of radiologists grew as AI made the specialists more productive. “And so the prediction was, in fact, that 30 million radiologists would be wiped out. But as…
Michael Burry is raising fresh alarms about the economics of artificial intelligence, noting that large language models (LLMs) may be fundamentally incompatible with the business model that made Google one of the most profitable companies in history. In a new Against the Rules podcast interview, the “Big Short” investor breaks down why AI threatens Google Search at a structural level, focusing on the simple math behind what each system costs to run. Before the hype cycle around chatbots, he says, Google’s core product succeeded because it was nearly free to deliver. “Google Search, the magic thing about Google Search, was…
A new study shows that Americans are entering the AI era with a level of distrust that stands out across the world, widening a gap that is already shaping how the technology will be built, deployed and regulated. A fresh study from the global communications and marketing consulting firm Edelman reveals a sharp global divide in attitudes toward artificial intelligence, with China reporting 72% trust and the United States at just 32%. “AI trust is divided… This isn’t just a difference in policy or regulation; it’s a reflection of how societies perceive risk, control, and opportunity. Some see AI as…
Goldman Sachs is pushing back on the growing chorus of AI bubble warnings, arguing that public market valuations still line up with real earnings power rather than speculative excess. In a new instalment of the Goldman Sachs Exchanges podcast, David Kostin, chief US equity strategist at Goldman, says the AI trade remains grounded in fundamentals, not froth. Looking at Nvidia (NVDA), he highlights that the increase in stock price has been in lock-step with earnings growth since 2022. “We are not in an AI bubble in the public markets… In the public market, Nvidia, which is the company that people…