The chief executive of a cloud-based enterprise software platform warns that unemployment among college graduates could surge more than 200% as AI agents proliferate. In a new Squawk Street interview, Bill McDermott says that AI agents are now more than capable of performing tasks that college graduates do for companies. “Well, I think it’s very natural to be concerned about jobs. I think young people coming out of university today is like 9% unemployment. I think it could easily go into the mid-30s in the next couple of years. Because what’s happening now is for the non-differentiating roles, so much…
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.
xAI CEO and founder Elon Musk says he’s comfortable in predicting that AI and robotics will trigger massive economic growth in just a decade. In an interview with Peter Diamandis at the Abundance Summit 2026, Musk says AI models are becoming less reliant on humans en route toward recursive self-improvement. In AI, recursive self-improvement is the process by which a model iteratively redesigns, updates, or improves its own code and architecture without human intervention. According to Musk, it’s only a matter of months before humans are taken out of the loop. “Humans are gradually getting less and less in the…
The chief investment strategist at Bank of America Merrill Lynch Global Research warns that today’s market conditions are reviving ghosts of the pre-2008 Global Financial Crisis. In a new investment note, BofA’s Michael Hartnett warns that oil rallied to as high as $140 per barrel in August 2008 from just $70 in July 2007, reports Bloomberg. According to Hartnett, Wall Street is “ominously trading ‘07-’08 analog.” “Asset performance in 2026 is more ominously close to price action seen from mid’07 to mid’08.” At time of publishing, oil is trading at $98.83 a barrel, up over 71% from its 2026 opening…
Banking giant Goldman Sachs says one crucial economic data point could shatter the confidence of retail investors. In a new episode of the bank’s Thoughts on the Markets podcast, John Flood, head of Americas Equities Execution Services in Goldman Sachs Global Banking & Markets, says that February’s negative jobs print could be an ominous signal for the US stock market. Data from the Bureau of Labor Statistics shows that the US labor market shed 92,000 jobs last month, after a 126,000 increase in January. Flood believes that retail investors will start pulling back on buying stocks if the labor market…
JPMorgan says investors should prepare portfolios for both the upside and the disruption that artificial intelligence could unleash across global markets. In the bank’s Alternative Realities podcast, JPMorgan Asset Management global market strategist Stephanie Aliaga says the rapid improvement of AI tools is forcing investors to rethink how they position portfolios. According to Aliaga, investors have been too focused on pricing in the risks of AI while dismissing potential rewards. “I think investors should be prepared for the downside, but also the upside. There was this viral piece that weighed the headwinds around something big happening. And I think really…
Former US presidential candidate Andrew Yang says the rapid rise of AI should force governments to rethink how labor and automation are taxed. In a new CNBC interview, the founder of Noble Mobile says one company selling autonomous coding systems is witnessing explosive growth. According to Yang, many software developers could be displaced if the trend continues. “There was one company that’s selling autonomous coding for enterprises to big businesses, and their revenue is up 100-fold in the last 12 months. So if that continues, it’s going to eat a lot of the tech budgets from major corporations that used…
Google says it has built one of the largest historical datasets ever assembled for flash floods by using its Gemini AI model to analyze global news reports. The company unveils a new system dubbed Groundsource, a framework designed to convert unstructured news coverage of disasters into structured scientific data that can be used to train forecasting models and improve early-warning systems. The first dataset generated through the system contains 2.6 million flash flood records spanning more than 150 countries and covering events from 2000 through the present. According to Google, Groundsource was built to address a longstanding problem in disaster…
AI is moving rapidly into everyday medical practice, with a new survey showing that most physicians are now using artificial intelligence tools in their professional work. The American Medical Association (AMA) surveyed 1,692 physicians across specialties, regions and practice settings between January 15th and February 2nd, 2026, to provide one of the most detailed snapshots yet of how AI is spreading through the healthcare system. The data shows that more than 80% of physicians report using AI in a professional context, roughly double the share reported just three years earlier. Researchers also find that physicians are not only adopting AI…
A Tennessee grandmother says she spent nearly six months behind bars after being wrongly identified by AI facial recognition in a North Dakota bank fraud investigation. Angela Lipps, 50, was arrested in July 2025 after Fargo police linked her to a case involving the alleged use of a fake U.S. Army identification card to withdraw tens of thousands of dollars from banks, WDAY reports. Lipps, a mother of three and grandmother of five who has spent most of her life in north-central Tennessee, says she had never even been to North Dakota when authorities accused her of the crime. “It…
Billionaire investor Bill Ackman warns that AI could widen economic inequality and create new political risks if governments and businesses fail to manage the transition. In a new interview with the FII Institute, the Pershing Square Capital CEO says modern digital platforms already allow small teams to build highly valuable companies. While democratic access to tech tools creates enormous wealth for some entrepreneurs, Ackman says it can leave many workers behind. “I think one of the biggest threats to the world is that today, you can build a company with relatively few people. You can access a great market on…