Billionaire Chamath Palihapitiya pushes back on a controversial claim that hyperscalers are using accounting techniques to inflate their profitability. Earlier this week, “Big Short” investor Michael Burry accused AI giants of committing modern-era fraud by extending the life cycle of AI chips and servers to understate depreciation and boost balance sheets. According to Burry, hyperscalers will understate depreciation by $176 billion by 2026-2028. But Palihapitiya says AI chips and servers have evolved over the past years, and it’s now justifiable for hyperscalers to extend their lifecycle. He also says Burry doesn’t have the technical knowledge to make a solid claim…
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.
Bank of America pushes back against rising AI bubble warnings, noting that critics are overlooking the scale of the technology shift underway. In a new CNBC interview, Haim Israel, BofA’s head of global thematic research, says the current debate is anchored to near-term apps and quarterly results instead of the broader transformation now unfolding across industry, science and national priorities. Israel highlights that the attention on chatbots and productivity tools distorts the magnitude of what’s coming. “Are we in a bubble or not? I urge you to think that the story is so much bigger than the next quarterly numbers,…
A popular finance podcaster is pointing to a structural risk inside the AI boom that echoes the forces behind the 2008 financial crisis. In a new post on X, Bloomberg Markets executive editor Tracy Alloway shares her commentary on today’s AI capital expenditure (CapEx) race and Wall Street legend Jeff Saut’s pre-crisis research on the US housing market. Alloway says back then, Saut noted that housing had become so large and so central that it began driving economic stress rather than reacting to it. “But in September 2007, Saut noticed the causal direction was changing: the enormous size of the…
AI code editor Cursor has vaulted to a nearly $30 billion valuation after raising billions of dollars in one of the largest private financings of the year for an AI software firm. In a new blog post, the San Francisco AI unicorn says it raised $2.3 billion in fresh capital following a Series D funding round, pushing the firm to a $29.3 billion post-market valuation. Investors that participated in the latest funding round include Accel, Thrive, Andreessen Horowitz, and DST, as well as Coatue, Nvidia, and Google. Cursor joins a number of AI giants that boast valuations above $20 billion, including…
Generative AI is spreading across the US at a pace that outstrips the early adoption of two of the most transformative technologies in modern history. The latest release from the Federal Reserve Bank of St. Louis updates its Real-Time Population Survey, a quarterly tracking of how American adults use tools like ChatGPT in work and nonwork settings. The survey finds that Americans are adopting generative AI at a blistering pace, surpassing the adoption rates of PCs and the internet. “August 2025 is roughly three years after the release of ChatGPT, the first mass-market generative AI product. The current generative AI…
Billionaire Ray Dalio’s hedge fund makes a bold push into artificial intelligence, with new regulatory filings revealing billions of dollars spread across eight of the sector’s most influential companies. A fresh 13F filing with the U.S. Securities and Exchange Commission (SEC) shows that Bridgewater’s single largest AI exposure is Alphabet (GOOGL), where the fund controls 2.65 million shares valued at $645.16 million. Alphabet continues to anchor the global AI ecosystem through Google Cloud, Gemini and its sweeping software infrastructure. GOOGL accounts for 2.53% of the firm’s assets. Bridgewater’s second-largest AI bet is Microsoft (MSFT), with 1.09 million shares worth $568.28…
Anthropic reveals what it believes is the first documented large-scale cyber intrusion carried out predominantly by AI systems, rather than human operators. In a new report, Anthropic says it uncovered a “highly sophisticated” cyber espionage campaign conducted by a Chinese state-sponsored hacking group. The firm says it detected the attack in mid-September when it saw suspicious activity tied to its Claude Code tool. “The attackers used AI’s ‘agentic’ capabilities to an unprecedented degree—using AI not just as an advisor, but to execute the cyberattacks themselves. The threat actor—whom we assess with high confidence was a Chinese state-sponsored group—manipulated our Claude…
BlackRock, the world’s largest asset manager, is deepening its massive bet on artificial intelligence, with new regulatory filings revealing more than a trillion dollars allocated across the biggest companies driving the AI boom. The latest 13F filing with the U.S. Securities and Exchange Commission (SEC) shows that BlackRock now holds $359.96 billion in Nvidia (NVDA), representing 1.93 billion shares. Nvidia remains the dominant supplier of GPUs powering modern artificial intelligence systems, and its unprecedented demand surge has made the chipmaker the largest single AI allocation in BlackRock’s portfolio. BlackRock’s second-largest AI exposure is Microsoft (MSFT), where the firm holds $306.55…
A Wall Street analyst says one of the market’s most widely held companies may deliver an unexpected performance as the AI cycle unfolds. In a new Bloomberg interview, Wedbush analyst Dan Ives says Apple (AAPL) remains positioned for a stronger 2026. He notes that a surge next year will blindside investors as market sentiment has been mostly muted for AAPL. “I think Apple could ultimately be one of the biggest surprises in 2026 as this all plays out. And also look, the iPhone 17 is ahead of everything we see from our checks in terms of almost a surprise upgrade…
Controversial short seller Michael Burry has shut down his hedge fund in a move that draws parallels to his exit about 17 years ago following the collapse of the housing market. Filings with the U.S. Securities and Exchange Commission (SEC) show that Burry’s Scion Asset Management has terminated its registration status as of November 10th. In a letter to investors circulating on X, Burry says he will liquidate the funds and return capital “with a heavy heart” by the end of the year. “My estimation of value in securities is not now, and has not been for some time, in…