Goldman Sachs says artificial intelligence may not be powering the economy as much as many believe, even as the technology starts to shape how companies think about hiring. In a new episode of the Goldman Sachs Exchanges, the bank’s chief US economist, David Mericle, says the current AI boom has added far less to measured GDP growth than headlines suggest. Mericle says the perceived AI-driven expansion in US output has been overstated, with data showing only a marginal contribution to overall economic growth. “I think so far the impact on both GDP growth and the labor market has maybe been…
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 longtime Tesla (TSLA) backer says he’s no longer betting big on the company’s self-driving vision, warning that its core technology may not deliver on years of promises. In a new Bloomberg interview, Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, says his firm has cut its Tesla position by more than half, citing concerns about valuation, execution, and the stalled progress of the company’s full self-driving (FSD) program. Gerber says the decision reflects both waning confidence in Tesla’s autonomous strategy and discomfort with the stock’s premium price. “We’ve cut it, our position, by 60%. So that’s fairly…
Social media giant Reddit has filed a federal lawsuit accusing Perplexity AI of illegally harvesting user-generated content to train and power its artificial intelligence products. In a complaint filed in the U.S. District Court for the Southern District of New York, Reddit alleges that Perplexity worked with defendants SerpApi LLC, Oxylabs UAB and AWMProxy to bypass its access controls and copy content from the social media platform’s website without authorization or a license. “Reddit caught Perplexity red-handed by using the digital equivalent of marked bills (to use the bank robbery analogy) to track Reddit data and confirm that Perplexity was…
Big Four accounting firm EY says artificial intelligence is becoming a new weak point in corporate defense systems, with companies losing millions of dollars to AI-related attacks. The EY Global Responsible AI Pulse survey, published in October 2025, reveals that the cost of AI-linked cyber incidents now averages $4.4 million per organization. EY also finds that half of all organizations have already suffered damage from cybersecurity vulnerabilities introduced by AI. The research notes that thieves are exploiting new entry points created by AI, while leveraging the same technology to power their attacks. “Cyber adversaries are compromising organizations by targeting AI…
SoftBank is making another high-stakes move in its AI expansion, turning to the overseas bond market to fuel its latest investments. The firm aims to raise $2.9 billion, launching a $2 billion sale of dollar notes in two parts and €750 million ($871 million) in euro-denominated bonds, Bloomberg reports. The longer-dollar tranche will yield about 8.25%, while the euro bond is slated to yield 6.5%, according to people familiar with the offering. The fundraising marks SoftBank’s second overseas issuance of the year and underscores founder Masayoshi Son’s aggressive financing strategy. Son has pledged as much as $500 billion over four…
Meta Platforms is cutting hundreds of jobs across its artificial intelligence division as the company retools its operations to accelerate the race toward superintelligence. According to an internal memo obtained by Axios, about 600 roles are being eliminated from Meta’s superintelligence lab, with cuts spanning its FAIR research, AI product and AI infrastructure teams. Meta’s chief AI officer, Alexandr Wang, says the move aims to streamline decision-making and reduce internal bureaucracy. “By reducing the size of our team, fewer conversations will be required to make a decision, and each person will be more load-bearing and have more scope and impact.” The…
IBM’s bet on AI continues to pay off, as the firm surpasses expectations and extends a yearlong rally that has outperformed the broader stock market. Data from the firm’s Q3 results show that IBM generated $16.3 billion in revenue for the quarter ending in September, up 9% year-over-year and beating the consensus estimate of $16.09 billion. IBM’s software revenue is up 10% to $7.2 billion, while infrastructure revenue climbs to $3.6 billion, a 17% surge. CEO Arvind Krishna says IBM’s performance was anchored by stronger enterprise demand for AI-powered solutions and automation tools across industries. “This quarter we accelerated performance…
An AI-driven investment manager says it sees Apple (AAPL) rallying to even greater heights even after hitting a new all-time high yesterday. In a new CNBC interview, Intelligent Alpha founder Doug Clinton says the firm’s AI models continue to favor AAPL, believing that its surge to blue skies is not yet over. According to Clinton, fears about Apple’s ability to compete against AI giants like Microsoft, Google and OpenAI are no longer on investors’ radar. He also cites the stronger-than-expected performance of iPhone 17. “I think it could probably go higher. Our models at Intelligent Alpha continue to own Apple.…
An asset management giant says the US is now in an AI bubble as capital expenditures (CapEx) massively outpace revenues. In a new CNBC interview, Lauren Taylor Wolfe, managing partner at Impactive Capital, warns that people will be robbed of their investments when the AI bubble bursts. “Definitively…. I think AI as a technology is transformative. It’s going to change the way that we live. It’s going to change our economy and society. And there will be some companies like the Googles, right, and Amazons that survive. But we are absolutely in an AI bubble now. It is going to…
New research reveals that most Americans are struggling to notice scams with the emergence of artificial intelligence. The findings come from new research by Alloy and The Harris Poll, which surveyed 2,000 US adults between July 8 and July 26, 2025. The study shows that 85% of Americans say scams such as bank impersonation, voice cloning over the phone and identity fraud are now much harder to detect due to AI. Only 8% say they are not worried about AI scams. Looking at the amount of funds looted, the study notes that about one and five (21%) Americans have lost…