The White House’s Crypto and AI Czar draws a line on the future of AI financing, as US officials reject safety-net assumptions for private AI giants. In a new post on X, David Sacks says the federal government will not step in to rescue AI developers, clarifying that market forces, not public guarantees, will decide winners in the frontier-model race. “There will be no federal bailout for AI. The US has at least five major frontier model companies. If one fails, others will take its place. That said, we do want to make permitting and power generation easier. The goal…
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.
Nvidia (NVDA) CEO Jensen Huang walks back his statement that he believes the second-largest economy will come out on top of the AI boom. In an interview in Taiwan, Huang backtracks on his comment that “China is going to win the AI race,” which triggered a three-day NVDA correction and wiped out about $500 billion of the firm’s market cap. Huang downplays his statement, noting that he believes China’s pace of AI development is real and that the US must accelerate to stay ahead of the curve. “That’s not what I said. What I said was China has very good…
A high-stakes feud is breaking into public view as Palantir (PLTR) chief executive Alex Karp fires back at Michael Burry, accusing the famed “Big Short” investor of triggering market panic to exit a bearish wager. Earlier this week, reports emerged that Burry’s Scion Asset Management had placed puts representing more than five million PLTR shares worth $912.1 million. Traders use put options to either hedge against any potential corrective moves or speculate that the underlying asset will collapse. In a new CNBC interview, Karp alleges that Burry is engaging in market manipulation, trying to short PLTR in an effort to…
JPMorgan chief executive Jamie Dimon says investors and workers should not hit the panic button about AI and mass automation. In a new discussion at the America Business Forum in Miami, Dimon says AI will touch every corner of the economy – from customer interactions to day-to-day tasks – but warns against fatalistic assumptions about the future of work. Dimon says AI is a force that will transform productivity, unlock new industries and reduce working hours over time, but notes that the technology will demand thoughtful policy guardrails to cushion labor disruptions. “It’s going to affect, the way I look…
Wall Street veteran Ken Fisher says the loudest warnings about an AI bubble may actually signal the opposite, saying that fear — not euphoria — still dominates the market. In a new commentary, the founder of Fisher Investments, which manages $362 billion in assets, highlights that no one talks about a bubble when there’s one, as investors are gripped by market euphoria. “A real bubble sees no fear because the world has now changed in some whole new way that’s gonna make this a big, enduring, wonderful thing. It is the epitome of having climbed the wall of worry that…
Banking giant Morgan Stanley sounds the alarm about AI’s impact on the job market, warning that most jobs will see material change, and not all outcomes will be smooth. In a new installment of the bank’s Thoughts on the Market podcast, global head of Thematic Research Stephen Bird says the firm’s analysis suggests AI will touch virtually every occupation, with some industries facing severe automation pressure as the technology advances. He says the shift is both disruptive and transformative, urging investors and workers to prepare for rapid restructuring across knowledge work, services and professional sectors. “And admittedly, AI could be…
Amazon is engineering around one of the biggest physical bottlenecks in artificial intelligence, designing new custom cooling hardware to keep next-generation chips from melting down. In a new post on X, CEO and president Andy Jassy says Amazon has invented a custom In-Row Heat Exchanger (IRHX) system, a sealed liquid-loop design that pipes coolant directly to silicon, after determining off-the-shelf approaches could not scale. “Either we could wait to build specialized liquid-cooled facilities or adopt off-the-shelf solutions that didn’t scale or meet our unique needs. Neither worked for our customers, so we did what we often do at Amazon… we…
A surge in AI-powered cons is hitting victims across the globe, prompting Google to issue a new advisory flagging how criminals are weaponizing software to trick users at scale. In a new blog post, Google highlights a rapid rise in scams driven by transnational crime groups and automated social-engineering tools, noting that AI is now materially amplifying fraud tactics across the internet. The firm notes that fraud rings impersonate legitimate employers by cloning career pages, building fake recruiter profiles and even staging phony video interviews to harvest bank details and identity documents. These campaigns push victims to pay upfront “registration”…
OpenAI’s Sam Altman is clarifying the company’s stance on government support after its finance chief floated federal guarantees for semiconductor funding, stressing that the US government should not bail out private AI players. In a new post on X, Sam Altman pushes back on speculation that the firm is seeking taxpayer-backed rescue lines as it prepares to finance an AI buildout projected at a trillion-dollar scale. He says OpenAI supports government investment in national compute capacity, but not guarantees for private projects. “We do not have or want government guarantees for OpenAI datacenters. We believe that governments should not pick…
A wave of job cuts is sweeping through corporate America as companies tighten spending and AI accelerates automation, marking the sharpest October layoff tally in more than two decades. In a new report, outplacement firm Challenger, Gray & Christmas says US employers announced 153,074 job cuts last month as executives respond to cooling demand, rising costs and growing integration of artificial intelligence across operations. The firm notes that layoff announcements have climbed rapidly through the fall, with more companies signaling restructuring pressure and fewer displaced workers finding roles quickly. “October’s pace of job cutting was much higher than average for…