US crypto and AI Czar David Sacks is calling the media out over the AI job displacement narrative, saying that the headlines are built on bad interpretation rather than real evidence. In a new post on X, Sacks says the headlines blaming AI for large-scale job destruction were based on a single noisy data point that did not hold up once the next month of reporting arrived. In November, Challenger, Gray & Christmas said that US employers announced 153,074 job cuts in October amid cooling demand, rising costs and AI integration. According to Sacks, fresh data suggests that AI job…
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 businesswoman working in the mining industry lost half a million dollars after criminals impersonated senior mining executives and used AI-generated voice messages, or deepfakes, to keep her engaged while they drained her funds. Precious Mabuza, who works in the chrome industry, says the scheme began when individuals approached her claiming to be top officials from Kuvimba Mining House, reports the local news outlet Newsdze Zimbabwe. She says the pitch looked credible and aligned with her usual trade activity. “I received a message from individuals pretending to be executives from Kuvimba Mining House. They claimed they were looking to collaborate…
The Federal Reserve Bank of Atlanta says a new class of autonomous artificial intelligence that could transform how money moves through the US payment system opens a new attack vector for hackers. In a new post on its Take on Payments blog, Atlanta Fed Payments Forum Director Lali Shaffer says AI agents have the potential to change the payments landscape in the US. According to Shaffer, AI agents appeal to firms because of their ability to optimize payment routing, liquidity and settlement. “[AI agents] refer to autonomous systems that can work together toward a goal. They learn to make decisions…
New research suggests that AI may not uplift everyone equally, pointing to a growing divide in how much people gain from working with advanced models. Researchers from the University of Boston and University College London measured how humans perform alone versus when paired with different AI models, using thousands of test questions across domains like physics, math and moral reasoning. They applied a two-stage Bayesian framework based on Item Response Theory to isolate each user’s solo ability, collaborative ability with AI and the difficulty of each task. “By estimating the impact of AI on individual users while controlling for differences…
JPMorgan chief executive Jamie Dimon is issuing a sweeping warning about the geopolitical forces reshaping the world, saying artificial intelligence, the rise of China and more are converging into long-term pressures that Europe is unprepared to meet. Speaking at the 2025 Reagan National Defense Forum, Dimon names threats, which he calls tectonic plates, that are already reshaping national security and economic stability. He mentions AI and cybersecurity as the first set of pressures threatening the geopolitical order. “I think Europe has a real problem… We have moving tectonic plates. You’ve seen, you’ve heard us speak about AI, the enemies in…
Prominent venture capitalist Joe Lonsdale believes the government, not overexuberant investors, poses an existential threat to the American AI boom. Speaking at the 2025 Reagan National Defense Forum, the Palantir co-founder says AI is rooted in real and compounding productivity gains that are already reshaping the US services sector at a massive scale. Lonsdale says the data indicate that an AI bubble should not be the top concern. “The thing I wouldn’t question is in America, you have $5 trillion of wages in our services economy, and over $2 trillion of those, over 40% of those, are in areas where…
Elon Musk is laying out a vision for scaling artificial intelligence far beyond the limits of Earth, saying that orbital compute networks and lunar manufacturing could accelerate humanity toward a higher rung on the Kardashev scale. In a fresh post on X, Musk says space-based infrastructure could solve the growing energy constraints on Earth. He says solar-powered AI satellites could capture energy directly from the sun, run workloads and send the data back to Earth – a system that could be deployed by SpaceX and be up and running in just a few years. “Satellites with localized AI compute, where…
“Big Short” investor Michael Burry is issuing a fresh alarm about the future of OpenAI, believing that the ChatGPT creator is due to get crushed by Big Tech names. In a new post on X, the famed short-seller says that even if OpenAI pulls off the largest IPO (initial public offering) in history, the money still won’t be enough to lift the company amid the intense competitive pressure. “Even a $1 trillion OpenAI raising $60 billion would not be near enough, even though it would be the largest IPO raise in history by more than 2x. And will not change…
Mark Zuckerberg says artificial intelligence is more likely to increase demand for human labor than eliminate it, pushing back on the idea that automation will inevitably shrink the workforce. In a new interview with Dwarkesh Patel, the Meta CEO says the medium-term impact of AI will raise, not lower, the need for people. He uses the scale of Meta to illustrate how companies have thrown some ideas on the back burner because they wouldn’t be economically viable today. “I tend to think that for at least the foreseeable future, this is going to lead towards more demand for people doing…
The FBI is warning the public about a surge in virtual kidnapping scams that use altered photos and videos to convince victims their loved ones have been abducted. In a new public service announcement, the FBI’s Internet Crime Complaint Center says fraudsters are fabricating proof-of-life media to pressure families into paying ransom demands. The FBI says the scheme begins with a sudden message claiming a family member has been taken. “Criminal actors typically will contact their victims through text message, claiming they have kidnapped their loved one and demand a ransom be paid for their release.” The scammers then escalate…