A leading figure in AI is sounding an alarm about the widening gap between Silicon Valley’s optimism and the public’s deepening fear over job losses. In an interview at the Masters of Scale Summit, AI pioneer Andrew Ng says a major narrative is taking hold across the country as workers hear politicians frame AI as a direct threat to their livelihoods. Ng says the mood inside the tech sector does not reflect what many people across the nation are feeling. “We’re in Silicon Valley, where most of us love AI. I love AI, love what I do, I think it…
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.
Ilya Sutskever says the industry is approaching a moment when advanced models will become so strong that they alter human behavior and force a sweeping shift in how companies handle safety. In a new interview with podcaster Dwarkesh Patel, the cofounder and former chief scientist of OpenAI and now head of Safe Superintelligence Inc., explains what he thinks would happen as AI systems gain visible power. “I maintain that as AI becomes more powerful, people will change their behaviors. And we will see all kinds of unprecedented things that are not happening right now. And I will give some examples.…
ARK Invest ramped up its exposure to Google and one more AI stock, shifting capital into two of its most aggressive themes while trimming stakes in two other names in the space. Data from ARK Invest tracker Cathie’s ARK shows that the asset manager gobbled up $56.3 million in Google (GOOG) in four separate trades on November 25th. ARK Invest’s Google accumulation spree follows the latest issue of its weekly newsletter, where the firm believes that the hyperscaler is poised to become a dominant force in the next era of AI models. According to ARK Invest, Google controls every layer…
Alphabet CEO Sundar Pichai says Google’s long-term AI vision is finally showing visible results after years of heavy investment behind the scenes. In a new interview on the Google for Developers podcast, Pichai says Google is now benefiting from its full-stack AI approach that ties together chips, infrastructure, models and products under one roof. Pichai says the full-stack structure is a system where progress compounds across the business rather than in isolated silos. “And it is so exciting because for the first time, when you have a full stack approach, each layer, when it innovates, it flows through all the…
A prominent Wall Street analyst says Nvidia’s (NVDA) rise is far from finished, noting the company is the central force powering today’s artificial intelligence boom. In a new Bloomberg Television interview, Wedbush’s Dan Ives says recent market anxiety on NVDA that has pushed the stock to a recent low of $169.55 has not changed the underlying trend. He highlights that Nvidia remains the most essential player in AI infrastructure and sees the company capturing value for years. Ives also comments on why he thinks Nvidia recently congratulated Google on its TPUs. “At the end of the day, there’s one Godfather of…
An insurance and asset management behemoth is looking to trim its headcount amid automation and AI adoption. A source familiar with the matter says Allianz is planning to trim its workforce by up to 1,800 in its travel department in the coming months, reports Reuters. According to the source, call center jobs will be the most impacted as the company moves to integrate AI into its workflows and replace processes that can be easily automated. Over the next 12 to 18 months, Allianz Partners is expected to remove 1,500 to 1,800 positions. Allianz Partners has a workforce of 22,000 employees.…
A cybersecurity firm rings the alarm on a potential drastic increase in hacks, breaches and scams as America heads into its busiest shopping days of the year, with AI agents now a prime target. KnowBe4 says the surge of digital traffic and heavy transaction volume during Black Friday and Cyber Monday creates conditions that attackers routinely exploit, as rushed staff, overloaded systems and seasonal hires increase the chances of a breach. “During these periods, the increased digital traffic, higher email volume and IT team overload create a ‘perfect storm’ of risk. The scenario is further aggravated by factors typical of…
The chief market strategist at a billion-dollar asset management firm says a major AI bull market risk is being overstated, noting that skeptics are relying on a tired narrative that does not match the policy environment. In a new post on X, Wellington-Altus’s top strategist, James Thorne, says warnings about liquidity evaporating are surfacing again as AI stocks mount a recovery. According to Thorne, the narrative that liquidity is drying up amid the trillions in AI spending is just plain lazy. “Liquidity is the fuel of every bull market; the real question is never if it will fade, but when…
Michael Burry says Nvidia (NVDA) is sidestepping the most important questions facing AI investors, noting that the company responded to criticisms he never made while avoiding the core issue of how rapidly its chips lose economic value. In a new thread on X, the “Big Short” investor responds to an Nvidia memo distributed to institutions and circulating on social media platforms that addresses Burry’s claims on chip depreciation. In the memo, Nvidia says that Burry claimed that Nvidia is depreciating power, plant and equipment (PPE) more slowly than peers to understate depreciation expense and boost net income. The chipmaker highlights…
A new MIT study suggests that the economic impact of artificial intelligence may be far larger than what current adoption levels reveal. Researchers from the Massachusetts Institute of Technology compared the task-level skills of production AI tools to human occupational skills across 923 jobs and 151 million workers. Dubbed as Project Iceberg, the study covered 32,000 distinct skills in 3,000 counties to study AI’s potential impact on America’s $9.4 trillion labor market. MIT researchers find that current AI systems have technical capability overlap with tasks representing 11.7% of the US labor market, representing $1.2 trillion in annual wages. While the…