Contrarian investor Michael Burry draws a direct line between today’s AI surge and the speculative blowups that defined the dot-com era, warning that the market is replaying the same structural mistakes at an enormous scale. In a new Against the Rules podcast interview, the “Big Short” investor says the architecture of the AI boom closely mirrors the dot-com bubble witnessed in the late 1990s that wiped out $5 trillion in wealth. “This bubble looks an awful lot like the dot-com bubble, which is not really a dot-com bubble. It was a data transmission bubble. It was a huge build out…
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 sweeping shift in how humans produce and consume knowledge is coming fast, according to Nvidia chief executive Jensen Huang. In a new episode of the Joe Rogan Experience, Huang says that in a few years, machines will produce nearly all global information. “And more and more knowledge in the world will be generated synthetically going forward. Until now, the knowledge that we have is knowledge that we generate, and we propagate, and we send to each other, and we amplify it, and we add to it, and we modify it, and we change it. In the future, in a…
JPMorgan sounds the alarm on a surge of AI-powered scams, warning that fraudsters are now using convincing synthetic voices, deepfakes and personalized messages to target ordinary Americans. In a new update, the largest bank in the US says it is seeing a shift in criminal tactics as artificial intelligence transforms old social-engineering schemes into harder-to-spot attacks. The bank cites data from the FBI showing that fraud losses have hit $16 billion, marking a 33% jump from 2023. JPMorgan says criminals are using AI to impersonate bank executives, government officials and family members, matching emotional tone and urgency to push victims…
America’s tech sector is stepping into a new phase of the AI race with Nvidia’s latest hardware, and the gap with China is about to widen in ways that matter to households, jobs and national power. In a new update, Nvidia unveils GB200 NVL72, a breakthrough hardware platform that can make the smartest artificial intelligence models run up to ten times faster while using far less energy. The system marks a turning point as GB200 NVL72 “combines hardware and software optimizations for maximum performance and efficiency, making it practical and straightforward to scale MoE models.” MoE, or mixture of experts,…
Bank of America says the market is only at the start of a holiday run, noting that multiple tailwinds are converging to spur a rally that could extend deep into 2026. In a new CNBC interview, Chris Hyzy, chief investment officer at Bank of America Private Bank, describes the current rally as the opening phase of a seasonal climb that has room to run to the upside. He says the setup looks more like a pre-Santa Claus surge than a late-stage melt-up. “Well, right now, the momentum… this is an elf rally right now on the way to a Santa…
Robert Kiyosaki is sharpening his economic warning again, tying the fate of American workers to an AI shock he believes the country is nowhere near ready for. In a new post on X, the Rich Dad Poor Dad author says the global economy is heading toward a severe downturn, with artificial intelligence accelerating the damage. He warns that even high-skill jobs are not safe from AI. “AI (Artificial Intelligence) will wipe out millions of jobs, even jobs that required lots of schooling like lawyers, doctors, actors, personalities….anyone can be faked.” Kiyosaki says this automation wave will hit at the same…
Anthropic CEO Dario Amodei says the AI boom is entering a phase where multi-billion-dollar decisions are being made on incomplete visibility, creating risks that could shake the entire industry. Speaking at the New York Times DealBook Summit, Dario Amodei says AI labs are being forced to lock in massive compute orders years before the revenue arrives, with no reliable way to know if those bets will pay off, calling it the “cone of uncertainty.” According to Amodei, the one-to-two-year lag in building out data centers means AI companies must now decide on the amount of compute they want to purchase,…
Michael Burry is laying out a sharp warning on Palantir’s (PLTR) valuation, noting that the stock is trading at levels far beyond what the company’s fundamentals can justify. In a new interview on the Against the Rules podcast, the “Big Short” investor explains why he has built a large long-dated put position against the data analytics firm. Put options serve as a hedge against any potential downside for a stock. In Burry’s case, he’s using put options to bet that PLTR will collapse. Last month, Burry revealed that he bought 50,000 short contracts at $1.84 each, with each contract controlling…
Nvidia is pushing back on claims that the AI boom is overheating, arguing that the real story is a once-in-a-generation rebuild of the world’s computing infrastructure that is still in its early stages. Speaking at the UBS Global Technology and AI Conference, Nvidia CFO Colette Kress says the market is missing the scale and inevitability of the AI shift underway. She says the AI bubble narrative does not line up with what she is seeing inside the compute economy, noting that traditional CPUs have hit a wall and companies are being forced to re-architect how they run software and services.…
One of the industry’s most closely watched investors says bubble fears swirling around the AI boom are acting as a natural pressure valve rather than a sign of market excess. In a new CNBC interview, Brad Gerstner, founder and CEO of Altimeter Capital, says the market is still in the early stages of a historic AI expansion, even as periodic sell-offs shake investor confidence. He says the AI boom has moved at an exponential rate since the launch of ChatGPT, with AI already making a significant contribution to the economy. “We’re coming up on the third anniversary of ChatGPT. We’ve…