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…
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.
Fundstrat’s Tom Lee says the stock market is entering a powerful setup for a year-end surge after a difficult stretch for investors. In a new CNBC interview, Lee notes that institutional pain is unusually deep this quarter, creating conditions for a fast reversal following a minor capitulation period. He says the sell-off now collides with historical trends that have favored bulls. “I think we are set up for a really strong rally into year-end. And I know we just came out of a pretty terrible grind. I have talked to a lot of PMs (portfolio managers) that have said it…
A senior strategist at JPMorgan urges AI bubble callers to avoid making the same mistake that stock market bears made during the dot-com mania in the 1990s. Stephanie Aliaga, global market strategist at JPMorgan Asset Management, says the AI trade has surged for years and is now entering a new phase marked by scrutiny, selectivity and rotation. She notes that the slowdown is not a sign of fragility but a healthy move, suggesting that investors are adjusting to the enormous scale of spending and the high stakes around emerging AI winners. “I think it’s quite healthy. We’ve seen that the…
Nvidia is moving to reassure investors as Google’s (GOOGL) growing traction in custom AI chips draws fresh attention from Meta (MET) and other AI firms. In a rare public statement responding to rising interest in Google’s tensor processing units (TPUs), Nvidia (NVDA) emphasizes the strength of its platform and reiterated that its GPUs remain the industry standard for running and training every major AI model. “We’re delighted by Google’s success — they’ve made great advances in AI and we continue to supply to Google.” Nvidia says its ecosystem still offers unmatched compatibility and reach across cloud providers, enterprises and model…
A link to an AI nude and video generator briefly surfaced on a Kansas Attorney General website after an illicit file was uploaded through the office’s public submission portal. The Attorney General’s Office did not know the link had appeared on its site until reporters alerted officials, reports the local media outlet KWCH. The document contained a large button directing users to an external platform for creating AI-generated nude images. Officials say they are still reviewing how the submission was processed through the online system. Granicus, the third-party service behind the government portal, says the incident was not a system…
HP is launching a sweeping multi-year restructuring plan that will cut thousands of jobs even as the company reports rising revenue and stronger cash flow for the fourth quarter. In a new press release, the company reports $14.6 billion in revenue during the period, up more than 4% from a year earlier. The firm’s operating cash flow reached $1.6 billion, and free cash flow came in at $1.5 billion. HP returned $800 million to shareholders through dividends and buybacks and announced a dividend increase to $0.30 per share. As part of a new fiscal 2026 plan, HP says it will…
A leading technology strategist says investors are still early to the artificial intelligence cycle and that Nvidia’s (NVDA) valuation could rise far beyond what most analysts currently expect. In a new Fox Business interview, tech market expert Beth Kindig says public markets are treating AI as if it were a mature technology, even though the sector has not yet entered the monetization phase that typically drives earnings expansion. “The argument I like to make is that AI is early-stage technology, much earlier than the public markets are used to. Typically, you incubate this at the venture capital stage. So the…
AI startup Anthropic says the United States may be on the verge of a powerful productivity surge that current forecasts do not fully capture. In a recent report dubbed Estimating AI Productivity Gains from Claude Conversations, Anthropic says it sampled 100,000 real conversations with its Claude model to estimate how long tasks would be completed with and without the help of AI. “Based on Claude’s estimates, these tasks would take on average about 90 minutes to complete without AI assistance, and Claude speeds up individual tasks by about 80%.” The firm says it subsequently extrapolated the estimates across the broader…
Banking giant Goldman Sachs says investors are quietly moving out of AI and tech names and into more defensive sectors. In a new episode of the bank’s This Is the Markets podcast, Brian Garrett, head of equity execution on the Cross Asset Sales desk in Global Banking and Markets, says investors are still bullish on the stock market despite its recent dip. But Garrett notes that he’s seeing data indicating investors are selling tech stocks to accumulate names in other sectors. “We continue to see investors be long equities, but there is a rotation between the highest flying, higher vol…
Nvidia’s (NVDA) market superiority is now under threat as Google (GOOGL) moves to ink a chip deal with one of the largest AI spenders on the planet. Meta is in discussions to spend billions of dollars on Google’s tensor processing units (TPUs), a move that would give Google a major foothold in the accelerator market and provide Meta with an alternative to Nvidia’s high-demand chips, reports Bloomberg. The talks come as Alphabet’s valuation approaches $4 trillion and industry momentum for TPUs begins to accelerate. Meta’s interest centers on deploying the chips in its data centers in 2027 while potentially renting…