Goldman Sachs is building a new team to capture the flood of capital pouring into the AI infrastructure push. According to a memo cited by The Wall Street Journal, the bank is forming a team within its global banking and markets division focused on financing data centers, energy systems and other large-scale assets tied to the AI economy. People familiar with the plan say the team will structure loans and attract investors for AI-related infrastructure projects, including power-hungry data centers, renewable energy installations and liquefied natural gas production. On top of the AI buildout, the new group will also finance…
Author: Henry Kanapi
Americans are being bombarded by billions of scam calls each month, and a new report warns that AI is supercharging schemes to make them more convincing. In its Ringing in Our Fears 2025 report, the U.S. PIRG Education Fund says Americans are receiving an estimated 2.56 billion scam and telemarketing calls every month through September, up from 2.14 billion a year ago. “Billions of calls are a lot. When you drill down to individual people, 31% of American adults say they get at least one scam phone call a day, according to Pew Research Center. For an unlucky 21%, they…
A top strategist at Fidelity says the latest surge across AI stocks, gold and Bitcoin may be more than just a coincidence, as he sees the trades as a sign of eroding trust in the US dollar. In a new post on X, Jurrien Timmer, the director of global macro at Fidelity Investments, says both hard assets and digital ones are gaining traction as the world transitions from a US-led monetary order to a multipolar one. “Another major feature of the markets these days has been the relentless rise in the price of gold, joined by silver and, of course,…
A former Tesla executive says one type of job could be among the first to face large-scale AI automation as systems become more capable of handling repetitive digital tasks. In a new interview with podcaster Dwarkesh Patel, Andrej Karpathy, who previously led AI development at Tesla and OpenAI, says current machine learning systems are well-suited for tightly scoped, routine work. At the current stage of development, Karpathy says AI can now take over the jobs of call center employees. “As an example, call center employees often come up, and I think rightly so, because call center employees have a number…
Canada’s internet regulator is warning that generative AI has entered a dangerous new phase — one where the same technology fueling innovation is also accelerating cyberattacks. The Canadian Internet Registration Authority (CIRA) says in its latest cybersecurity report that AI-driven hacking campaigns are reshaping the threat landscape. CIRA’s annual survey of 500 IT professionals finds that seven in ten (70%) Canadian organizations are now worried about AI-enabled cyber threats, citing the scale and precision of emerging attacks. As for their biggest concerns, 65% say they are worried about how AI tools gather and process sensitive data, while 61% fear more…
A leading stock market and crypto asset bull says investors are misreading the current pullback. In a new CNBC interview, Fundstrat’s Tom Lee believes stocks are poised for a powerful year-end surge, despite tariff headlines, volatility spikes and increasing investor anxiety. Lee predicts that stocks will surge in the coming months and scale a “wall of worries.” “And I think that along with the trade tensions and, you know, the VIX (volatility index) spike is the reason investors are a little cautious. But I don’t think that’s going to change that markets still have a lot of tailwinds into year…
JPMorgan says the AI investment cycle is not a bubble but a natural phase of innovation, where early “circular” deals help new technologies reach critical scale. In a new CNBC interview, JPMorgan Asset Management global market strategist Meera Pandit says the circular deals involving AI giants OpenAI, Nvidia, Oracle and others are what’s needed at this juncture to push the industry to the next phase of growth. “What you tend to see with some of these heavy innovation cycles is in the early stages, some of these circular deals are almost necessary to get this technology to exit velocity. While…
The AI boom is spilling into new corners of the market, with Bank of America pointing to fresh beneficiaries and emerging casualties. In a new CNBC interview, Savita Subramanian, head of equity and quantitative strategy at Bank of America Securities, says the next phase of AI investment is expanding beyond chipmakers into industries powering and enabling data centers. She says the “AI train” that began with semiconductors is now driving momentum in sectors she believes will capture the next leg of earnings growth. “I mean, where we’re seeing this sort of AI train go… it’s obviously stopped at power and…
Meta unveils a new suite of parental supervision tools aimed at tightening controls over how teens interact with artificial intelligence across its platforms. In a new blog post, Adam Mosseri, head of Instagram, and Alexandr Wang, Meta’s chief AI officer, say the changes will let parents disable one-on-one chats between teens and AI characters, block specific chatbots and view summaries of topics their teens discuss with AI systems. The new settings will first appear on Instagram early next year before expanding to other Meta apps. The executives say the update reflects the company’s broader effort to balance innovation with responsibility as…
Anthropic gives its AI assistant Claude the ability to learn on demand, transforming it from a general chatbot into a customized workplace platform. In a new product update, AI startup Anthropic unveils Skills, which lets Claude load specialized instructions, scripts and resources to perform professional tasks. The launch signals Anthropic’s next push to make Claude usable across business functions, from administrative automation to code execution. Rather than retraining models or rewriting prompts, users can now build “skills” that act like custom AI plug-ins for teams and developers. The company describes Skills as composable building blocks that Claude can mix and…
