Scammers impersonating Hollywood star Kevin Costner almost siphoned tens of thousands of dollars from a woman in an AI deepfake scheme. National Australia Bank (NAB) says a woman, identified only as Sue, believed she had formed a legitimate online relationship with the Oscar-winning actor and was preparing to help him move money into Australia. According to NAB, Sue visited a bank’s local branch to open a new account after being told she would receive funds from Costner for a business venture. Banker Angus Murdoch says alarm bells rang immediately when Sue explained the source of the money. “She said she…
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.
President Trump is moving to crush what the White House calls a fast-growing patchwork of state AI rules, seeing it as a direct threat to America’s ability to stay ahead in the AI race. In a new executive order announcement, the White House says the administration will use legal pressure and federal funding leverage to push states away from AI laws it views as inconsistent with national policy priorities. The order directs the Attorney General to establish an “AI Litigation Task Force” aimed at challenging state AI laws the administration describes as anti-innovation, unconstitutional, preempted or otherwise unlawful. It also…
BlackRock CIO Rick Rieder warns that more lower-skilled jobs will disappear in the coming years, and it’s not because of widespread AI deployment. In a new interview on The Meb Faber Show, Rieder lays out a sobering view of what he sees unfolding over the next two to three years as companies fight to protect margins in a slowing growth environment. The BlackRock executive predicts incoming job losses fueled by Corporate America’s appetite to drive productivity gains across everyday business operations. “The lower-skilled jobs are going away. And I think it’s a travesty, and it’s not anybody’s fault. I think…
A Ghanaian socialite is accused of orchestrating an AI romance scam that siphoned millions of dollars from elderly Americans. The U.S. Attorney’s Office for the Northern District of Ohio says Frederick Kumi, also known as Abu Trica, was arrested and charged with conspiracy to commit wire fraud and conspiracy to commit money laundering in connection with an international romance scam fueled by AI. Prosecutors allege that Kumi, who has more than 100,000 Instagram followers, was part of a criminal network that used AI software to generate false identities and sustain emotionally intimate relationships with victims on social media and dating…
Banking giant JPMorgan believes that artificial intelligence is more than just a growth theme, noting it may be the key force holding the global economy together as structural pressures build. In a new episode of the bank’s Alternative Realities podcast, David Lebovitz, global strategist on JPMorgan Asset Management’s Multi-Asset Solutions team, names three powerful themes that will collide in the next 10 to 15 years. “When we look at what’s happening in the world today, we’re seeing economic nationalism continue to rise. So the idea is that governments are focused more on their own backyard than they are on their…
Fundstrat’s Tom Lee warns that the stock market could face a sharp stress test in 2026, before powerful policy backstops set the stage for a strong rebound. In a new CNBC interview, the Fundstrat co-founder says markets are coming off an unusually strong run, with the S&P 500 likely finishing this year around 7,000 after three straight years of roughly 20% gains. But Lee notes that the pace is unlikely to continue uninterrupted. “We’re three years at 20% gains, so I think there’s a deceleration of what the market can do next year.” Lee points to a cluster of political…
Howard Marks is raising a different kind of alarm on artificial intelligence, saying the biggest danger is not mass unemployment but something harder to measure and far more destabilizing to society. In a fresh interview with Bloomberg, the Oaktree Capital co-founder shifts from markets to society, believing that AI could change the nature of work in ways that reach deeper than economics. Marks says his concern stems from the impact of the Internet revolution on society about 25 years ago, when the tech cycle displaced white-collar workers and created new blue-collar roles. He notes that while headline job counts remained…
Macro analyst Luke Gromen is raising alarms about the financial consequences of rapid AI adoption, arguing that white-collar workers are far more exposed to disruption than most analysts acknowledge. In a new interview on The Money Matters Network, the macro guru says AI and automation could undercut labor market and wage stability for millions of white-collar workers, leading to all types of credit delinquency. “Ultimately, AI automating so much information work means AI creating massive amounts of mortgage delinquencies and car loan delinquencies, etc. Because look, white collar people have no idea what’s coming for them.” According to Gromen, banks…
An Apple co-founder is suing an AI consultant who allegedly drew him into a months-long scheme involving false assurances, questionable business activity, among others. Ronald G. Wayne, the Apple co-founder who sold 10% of his stake for $800 in 1976, accuses Joann Coffey and entities KGU International LLC and the JC Coffey Foundation Inc. of elder exploitation and fraud, reports Law.com. According to a lawsuit filed in the U.S. District Court (District of Nevada), Wayne, now 91, alleges he was targeted after being approached during the Consumer Electronics Show in Las Vegas with a proposal to create an AI avatar…
OpenAI is pushing its newest model into the market with a performance jump built for real work, delivering sharper reasoning, stronger task execution and a smoother experience across long documents and multi-step workflows. In a new product release, OpenAI says GPT-5.2 is designed to do better on complex, meaningful work than earlier versions. It scores higher on real-world benchmarks that measure task performance involving spreadsheets, presentations, math, science, logic and reasoning. The company says the model can handle longer inputs—like long reports, big documents, extended code, and multi-step problems—without losing track of what matters. It keeps coherence and accuracy across much…