Nvidia chief executive Jensen Huang is sounding the alarm on China’s AI capabilities, warning that the country already possesses the infrastructure, talent and resources needed to independently build frontier AI models with demonstrated cyber offensive capabilities. In a new interview with podcaster Dwarkesh Patel, Huang pushes back on assumptions that US export controls on Nvidia chips are effective in stifling China’s ability to create cutting-edge AI models. According to Huang, China can replicate Anthropic’s AI model Mythos if it wants to. “Mythos was trained on a fairly mundane capacity and a fairly mundane amount of it by an extraordinary company.…
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.
Crypto exchange Bitfinex says whales are gobbling up tens of billions of dollars in Bitcoin, as BTC bears provide fuel for a potential short squeeze. Citing data from digital analytics firm CryptoQuant, Bitfinex says whales have accumulated more than $20.266 billion worth of BTC in just a month. Bitfinex notes that the whale activity represents the cohort’s largest BTC accumulation haul in 13 years. “Whales accumulated 270,000 BTC in 30 days, the largest buying spree since 2013. Exchange reserves are at their lowest since December 2017. The supply to meet new demand is shrinking.” Data from the prominent crypto analytics…
JPMorgan is predicting a broad-based market surge that could carry major indices back to all-time highs in just a few days. In a new note, JPMorgan says the stock market is likely to mirror the broad rallies witnessed earlier this month, with investors rushing in to buy names trading at a discount, CNBC reports. “We think markets will begin with an ‘Everything Rally’ similar to that seen on Mar 31 or Apr 8, with investors chasing sectors and sub-sectors hit the most. Look for a return to all-time highs across the major indices, which could happen over the next 2-3…
A senior strategist at JPMorgan Private Bank says the recent market rebound is giving investors a rare opportunity to clean up their portfolios. Monica DiCenso, head of global investment opportunities at JPMorgan Private Bank, says in a new CNBC interview that investors should use the rally as a repositioning window rather than a reason to stay the course. She says it is not a good idea to remain overweight tech. “This rally is a gift. I say if you didn’t like your portfolio a few weeks ago, this is a great time to reposition and think about maybe moving a…
The chief investment officer at Bitwise Asset Management says a significant wave of capital is building on the sidelines, waiting for Bitcoin (BTC) to hit rock bottom. In a new Bitcoin for Corporations interview, Matt Hougan says retail and institutional clients of financial advisors are ready to deploy capital and accumulate BTC at the right time. “They’re mostly chomping at the bit. When we speak to financial advisors who don’t yet have allocations to Bitcoin, but are interested in it, they’re just asking when is the absolute bottom that I should buy in.” According to Hougan, Bitcoin ETF inflows exploded…
Tokenized pre-IPO shares of private AI giants, including Anthropic and OpenAI, are already trading on the smart contract platform Solana (SOL), with the Claude maker getting much of the attention. Data from the crypto analytics platform Token Terminal shows that Anthropic’s tokenized market cap on SOL has soared close to $8 million, climbing steeply over the past month. “Anthropic is the fastest-growing tokenized pre-IPO stock on Solana, with market cap up ~100% in the past month.” On top of Anthropic, tokenized pre-IPO shares of SpaceX, OpenAI, xAI, Anduril, Polymarket and Kalshi are also trading on the smart contract protocol. Data…
A 76-year-old retired insurance agent from Brooklyn says he lost more than a million dollars to a sophisticated AI-powered investment scam. Ron Williams says he received a text message out of nowhere from Jenny, who introduced herself as a 33-year-old Christian woman living in Boston, NBC News reports. “It was easy communication. It felt very comfortable.” Williams says Jenny told him that she was making big money in investing and invited him to join her. Over the course of roughly six months, he invested $1.6 million into the platform. Williams says the platform showed that the initial investment grew to…
Nvidia chief executive Jensen Huang says he failed to fully appreciate what it would take to build a frontier AI lab, leaving him and his company on the sidelines as Anthropic soared to a monster valuation. In a new interview with podcast host Dwarkesh Patel, Huang says Nvidia had the chance to be an early Anthropic investor, but passed on the opportunity. At the time, Huang says Nvidia was not in the habit of pouring billions of dollars into other companies, including AI startups. “At the time, I didn’t deeply internalize how difficult it would be to build a foundation…
Banking giant Goldman Sachs says companies are spending a lot more on AI than anticipated, way faster than their budgets were designed to handle. In a new post on X, Atreides Management CIO Gavin Baker shares an excerpt from a Goldman Sachs report, which notes that companies are now spending nearly a tenth of their headcount budget on AI inference. “Companies are overrunning their initial budgets for inference by orders of magnitude. We heard one industry datapoint on inference costs in engineering now approaching about 10% of headcount cost, but could be on track to be on par with headcount…
A platform specializing in deanonymizing crypto transactions says it has uncovered Morgan Stanley’s Bitcoin addresses, which have already accumulated tens of millions of dollars in BTC. In a new X post, Arkham says the Morgan Stanley Bitcoin Trust (MSBT) has purchased nearly 900 BTC in just one week after the banking titan launched the exchange-traded fund (ETF). “MORGAN STANLEY IS BUYING BITCOIN Morgan Stanley is now on Arkham. The MSBT ETF has bought $83.6M of BTC since its inception this week, and currently holds [$65.2M] in its on-chain addresses.” Arkham’s data shows that MSBT currently holds 874.474 BTC. On April…