Michael Burry says the AI capital spending boom has entered the same danger zone that preceded every major market peak of the last three decades. In a new post on X, the “Big Short” investor shared a Bloomberg chart tracking S&P 500 capital expenditures minus depreciation as a share of US GDP. The series highlights four historic peaks tied directly to market blow-offs: the Dot-Com bubble in 2000, the housing bubble in 2007, the shale boom in 2014 and now the cloud and AI buildout. The chart shows that the current investment level minus depreciation is at roughly 1.52% of…
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 coalition of lenders is lining up billions of dollars to fuel the next phase of the OpenAI-led Stargate project. In a large-scale project finance deal, about 20 banks are backing a roughly $18 billion loan tied to a new data center campus connected to Oracle and OpenAI’s “Stargate” initiative, Bloomberg reports. The financing group includes some of the world’s most prominent lenders, underscoring the deep institutional capital now flowing into AI compute capacity. Sumitomo Mitsui Banking Corp, BNP Paribas, Goldman Sachs and Mitsubishi UFJ Financial Group are serving as administrative agents. The project, located in Doña Ana County, New…
Allianz chief economic advisor Mohamed El-Erian says the artificial intelligence boom contains undeniable bubble dynamics, even as it continues to attract massive investment. In a new interview with Yahoo Finance, El-Erian says the AI wave is best understood as a “rational bubble,” where huge potential rewards justify aggressive risk-taking, even if many investors get burned. “We believe that we are in a rational bubble. So yes, there are elements of a bubble. And there are three elements in particular of this bubble.” El-Erian says the first danger lies in the massive capital flowing into foundation model builders, even though he…
Franklin Templeton chief executive Jenny Johnson says most companies are misreading where the real value of artificial intelligence will emerge. In a new Bloomberg Originals interview, Johnson says businesses will gain a competitive edge by securing their data first before building their own models. “I do not think most firms will have the same models. I think that firms will leverage things like OpenAI and start to customize. But training the model is going to be all about your own data. That is why one of the first things you do when you are building out AI is you immediately…
The chief market strategist at a billion-dollar asset management firm says Wall Street is getting artificial intelligence completely wrong, mistaking a historic infrastructure buildout for a repeat of the 1990s software cycle. In a new post on X, Wellington-Altus’s top strategist, James Thorne, says investors are misjudging the scale and nature of the AI boom. Thorne points out that AI is not static technology or compiled code, but an entirely different class of system that requires a different set of resources. “As Wall St wrongly proclaims, this is just like the 90s. AI isn’t just another 90s-type software revolution; it…
Investing legend Howard Marks sees warning signs in today’s AI market but stops short of calling it a full-blown bubble. In a new interview at the Global Money Talk in South Korea, the investor who called the dot-com bubble on January 1st, 2000, says market optimism is undeniably high as investors bet on artificial intelligence to transform the economy. The co-founder of Oaktree Capital points to the concentration risk in mega-cap tech, citing the Magnificent 7 and the weight they now hold in the index. “I think in June, a few months ago, I put out a memo called the…
Tech tycoon and billionaire Peter Thiel has unloaded more than $100 million worth of shares in Magnificent 7 names Nvidia (NVDA) and Tesla (TSLA). Fresh 13F filings from the U.S. Securities and Exchange Commission (SEC) show Thiel Macro has fully exited its NVDA stake, dumping 537,742 Nvidia shares worth $29.8 million in Q3 2025. The NVDA stack previously represented over 40% of Thiel’s portfolio. NVDA soared to a new all-time high of $212 and hit a $5 trillion market cap in October. As of Friday’s close, NVDA is trading at $190.17. Thiel also cut his Tesla (TSLA) exposure to the…
Elon Musk says Tesla’s Optimus project will not become truly powerful until humanoid robots can learn the way children do. In a new CNBC interview, Musk says the most important phase of development comes after basic motion training, when robots begin teaching themselves through unsupervised play, not scripts or pre-programmed routines. “Then, where I think it gets very interesting and very much like humans is that you want the robot to self-play. So you say, how does a child learn? Well, a child has toys. And a child plays with the toys, plays with the blocks, at some point figures…
A top Canadian market strategist says Warren Buffett’s decision to take a multibillion-dollar position in Google is a signal that artificial intelligence is entering a new phase of economic legitimacy. James Thorne, chief market strategist at the $40 billion Wellington-Altus asset management firm, says Buffett’s move is a major psychological break from the idea that AI is in bubble territory. “When Warren Buffett, the world’s most disciplined value investor, takes a stake in a hyperscaler like Google, it isn’t about chasing hype. It’s validation that AI is no bubble, it’s the new utility layer of the global economy.” Fresh data…
Microsoft CEO Satya Nadella says the company’s new AI Superfactory is built to ensure the benefits of artificial intelligence expand value for everyone who uses it In a new X post, Nadella says the challenge is helping companies build their own artificial intelligence capabilities instead of just renting AI services from Big Tech firms. Nadella says firms need to develop their own AI-native systems, workflows and intelligence layers, or they risk feeding their data to tech giants, en route to losing competitive advantage. “I’ve been thinking a lot about what the net benefit of the AI platform wave is. The…