Snap (SNAP) is ripping higher in premarket trading after the company struck a large AI partnership in a move that positions the platform squarely inside the next wave of mobile discovery. In a new press release, Snap says it has agreed to integrate Perplexity’s AI answer engine directly into Snapchat’s chat interface starting in early 2026, offering conversational search to its global base. “Through this integration, Perplexity’s AI-powered answer engine will let Snapchatters ask questions and get clear, conversational answers drawn from verifiable sources, all within Snapchat. The partnership underscores Snap’s growing role as a trusted platform for AI partners…
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.
Banking titan Morgan Stanley believes market leadership may consolidate around large-caps and AI giants next year as tighter financing and economic crosscurrents create headwinds for smaller firms. In a new edition of its Wealth Management Insights, Morgan Stanley Wealth Management CIO Lisa Shalett warns that many small-cap stocks remain fundamentally challenged at a moment when capital costs stay elevated and credit stress indicators are flashing. She also notes that many small firms are burning cash despite a growing economy. “As we see it, smaller companies will face at least three major obstacles in 2026. First, the data suggest that more…
A leading OpenAI executive says the companies that win in artificial intelligence will be the ones that use it to expand output and pursue more ideas, not simply cut costs. In a new post, OpenAI’s head of applications, Fidji Simo, says the technology is already powering a shift in corporate strategy, pushing businesses to pursue more ideas, enter new markets and scale with fewer trade-offs. According to Simo, OpenAI has surpassed more than one million business customers as the ChatGPT creator frames itself as a platform for growth rather than automation-driven reduction. She says businesses historically trimmed ideas due to…
A firm overseeing about $20 billion in assets warns that the AI boom carries deeper risks than the 1840s British railway bubble. In a new Bloomberg interview, Hirtle, Callaghan & Co. chief investment officer Brad Conger said the rush to build AI infrastructure is fueling one of history’s most extreme overbuild cycles. He points to the British railway frenzy, in which government approvals enabled explosive construction that ultimately crushed investors but benefited society over decades. The dynamic, he argues, offers a cautionary blueprint for the current AI arms race. “So the UK in 1843 had 2,000 miles of track, and…
Fundstrat’s Tom Lee says a long-awaited rotation may be taking shape as some of the most beaten-down stocks in decades begin to attract institutional attention. In a new CNBC interview, Lee says big investors are already looking ahead to 2026, exploring bets outside of the mega-cap tech core while maintaining exposure to artificial intelligence giants. He also highlights the extreme weakness in other areas of the market, noting a rare setup in historically underperforming equities. “I think, you know, we are doing more Zooms with institutional investors where they’re talking about 2026, so they’re trying to position… There are plenty…
Nvidia’s chief executive Jensen Huang raises alarms about the speed of China’s artificial intelligence push, saying the country could overtake the United States unless American firms accelerate development and talent recruitment. Jensen Huang says the world’s second-largest economy will come out on top of the artificial intelligence race amid lower energy costs, reports The Financial Times. “China is going to win the AI race.” He also notes that US states are exploring fresh rules that could give birth to “50 new regulations.” In a statement, Huang says, “It’s vital that America wins by racing ahead and winning developers worldwide.” In…
Billionaire Ray Dalio warns that US monetary policy is drifting into perilous territory, saying the Federal Reserve may be pumping liquidity into an economy fueled by debt and the AI boom. In a new post on X, Dalio notes that Chair Jerome Powell said in a recent press conference that the Fed is exploring the idea of restarting quantitative easing (QE). “…at a certain point, you’ll want reserves to start gradually growing to keep up with the size of the banking system and the size of the economy. So we’ll be adding reserves at a certain point…” Dalio says Powell’s…
Apple is reportedly preparing one of its largest AI bets yet, planning to license a Google-built model to supercharge Siri as competition accelerates across Silicon Valley. Apple and Google are finalizing a deal worth roughly $1 billion annually to deploy a custom Gemini system deep inside iOS, reports Bloomberg. Google’s model has 1.2 trillion parameters compared to the 150 billion-parameter system Apple uses today for cloud-based Apple Intelligence. Under the agreement, people familiar with the matter say Google’s Gemini would support Siri’s summarization and task-planning features while other functions continue using Apple-built technology. Apple evaluated multiple models during development, including…
A prominent venture capitalist says OpenAI is shaping itself into a vertically integrated AI powerhouse, drawing comparisons to Apple’s strategy of controlling everything from silicon to software. In a new CNBC interview, Plexo Capital’s Lo Toney says OpenAI’s recent moves signal a deliberate push to own each layer of the AI stack — from chip development and data-center build-out to what may soon be a new wave of end-user applications. According to Toney, he’s seen this playbook before, one that propelled Apple to a $4 trillion market cap. “Now this is starting to look more like OpenAI is using the…
Amazon has sent a cease-and-desist letter to Perplexity, demanding it immediately halt the use of Comet AI agents in the Amazon Store. In the letter, Amazon says the agents accessed the site and user accounts without authorization, violating its Conditions of Use and computer-misuse statutes. Amazon alleges Perplexity disguised Comet as a Google Chrome browser and refused repeated requests to operate transparently, prompting Amazon to add security measures that Perplexity then worked around. Amazon says transparency is a baseline requirement for any AI agents that make purchases on behalf of customers, citing the need to monitor activity that could degrade…