An AI startup powering ChatGPT’s expertise has raised hundreds of millions of dollars in an effort to train AI models that are designed to replace human experts in the future. Mercor has finalized a funding deal that would value the firm at roughly five times its price in February, reports the Wall Street Journal. The company raised $350 million from investors, including Felicis, Benchmark and General Catalyst, making it one of the most highly valued players in the AI data-labeling industry. People familiar with the discussions say the new funding round would raise the company’s valuation to $10 billion. Mercor’s…
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 new Harvard-led study finds that generative AI adoption is transforming the American workplace, thinning the ranks of entry-level employees while leaving senior positions largely untouched. Researchers from Harvard University examined data from 285,000 US firms between 2015 and 2025, tracking résumé and job-posting records across industries to measure the early effects of AI adoption. The paper, titled Generative AI as Seniority-Biased Technological Change, concludes that firms integrating generative AI systems are experiencing a rapid divergence in hiring trends. “Following adoption, junior employment declines sharply in adopting firms relative to non-adopters, while senior employment remains largely unchanged.” They find that…
Morgan Stanley’s top auto analyst believes Tesla has reached a key milestone in its self-driving ambitions, claiming the company’s autonomous vehicle technology is ready to operate without human supervision in major cities. In a new research note shared by tech journalist Sawyer Merritt on X, Morgan Stanley’s Adam Jonas declares what he calls the turning point for full autonomy. According to Jonas, the only remaining barrier to deployment is Tesla’s own caution, a sentiment that echoes Elon Musk’s comments during Tesla’s Q3 earnings call. “I’m calling it. Autonomous cars are solved. Do I mean six or seven 9s to the…
A top strategist at Fundstrat believes the next leg of the stock market’s rally will be fueled by renewed investor optimism in the Magnificent 7 (Mag 7) stocks. In a new Fox Business technical analysis session, Fundstrat head of technical strategy Mark Newton says he’s keeping a close watch on the MAGS ETF chart, which tracks the performance of large-cap tech names including Alphabet, Amazon, Apple, Broadcom, Meta Platforms, Microsoft and Nvidia. According to Newton, MAGS has broken out of a recent consolidation phase and is now trading at all-time high levels to resume its uptrend. “We’ve seen a little…
Amazon is launching one of its largest corporate layoffs in years as artificial intelligence transforms how the company manages efficiency and staffing. The tech giant plans to eliminate as many as 30,000 corporate roles beginning this week, part of a broader effort to trim expenses and streamline operations following heavy pandemic-era hiring, reports Reuters. While the number accounts for a fraction of the firm’s 1.55 million employees, it represents about 10% of Amazon’s 350,000 corporate workforce. Sources familiar with the matter say the reductions will affect multiple divisions including human resources, operations, devices and services and Amazon Web Services. The…
Bank of America says Qualcomm’s (QCOM) latest rally may not be sustainable, believing that investors may be overestimating the near-term payoff from the company’s new AI chips. In a new press release, the Nvidia (NVDA) rival unveiled its next-generation AI200 and AI250 inference chips for data centers designed for power efficiency and memory performance for generative AI workloads. “Building off the Company’s NPU technology leadership, these solutions offer rack-scale performance and superior memory capacity for fast generative AI inference at high performance per dollar per watt—marking a major leap forward in enabling scalable, efficient, and flexible generative AI across industries.”…
A new survey on the rise of generative media finds that most companies investing in AI-powered image and video tools are already seeing returns. The State of Generative Media Survey Report 2025 by Artificial Analysis, in collaboration with fal, gathered responses from roughly 300 developers and creators to understand how organizations are adopting image and video generation models. The research shows that 65% of organizations report a return on investment within 12 months. Another 34% are already profitable, and 31% expect returns soon. Among image models, Google Gemini leads adoption at 74%, while ChatGPT remains the most popular interface for…
A longtime market strategist says the stock market could surge further into the year-end as earnings and liquidity drive valuations higher. In a new CNBC interview, Ed Yardeni, president of Yardeni Research, says the equity market’s complacency is justified by economic strength and resilient corporate profits. Yardeni also sees the bull market extending into 2026, aided by a supportive rate environment and strong profit momentum. “Yeah, it’s kind of an odd situation. We’ve got some indicators actually suggesting that at least retail investors aren’t as bullish as the data shows from the flows. But the complacency of the stock market…
A new survey shows that AI-powered fraud in US and UK firms is spreading fast, and many finance teams can’t spot it. A survey by software automation firm Medius polled 1,000 finance professionals across two countries about fraud and generative AI. Medius finds that nearly a third (32%) of finance professionals in the US and UK admit they wouldn’t recognize a fake expense report if it landed on their desk. The research warns that the launch of OpenAI’s GPT 5.0 could make detecting false receipts even harder. Since early 2024, when GPT 4.0 went live, three in ten finance workers…
The chief executive of Barclays says artificial intelligence is changing financial operations at a structural level — but warns that lasting results won’t come from shortcuts. In a new interview with Bloomberg, Barclays CEO C.S. Venkatakrishnan responds to a question about an MIT study showing that 95% of firms adopting AI have failed to deliver profits. According to Venkatakrishnan, integrating AI across large institutions requires not just new tools but also the conviction to reshape a firm’s workflows. “So there’s technology at one side, and there’s making it available to our staff, which we have done. And then there is…