A new wave of AI scams is targeting people where they’re most vulnerable — their relationships. Cybersecurity firm Bitdefender says scammers are adopting highly personalized forms of impersonation that exploit faces, voices, and relationships. The company describes a shift toward emotional manipulation designed to trigger urgent payments. One tactic centers on voice cloning, where criminals reproduce the voices of children or relatives to fabricate urgent crises and demand immediate transfers. AI-generated videos are also in play. Bitdefender says stolen social media photos are used to craft convincing romance or investment pitches, while biometric data such as faces or voices can…
Author: Henry Kanapi
A leading strategist at Wells Fargo says artificial intelligence has replaced Federal Reserve policy as the key driver of momentum in the AI trade. In a new CNBC interview, Ohsung Kwon, the bank’s chief equity strategist, says rate cuts and macro shifts now take a back seat to the structural growth story unfolding in AI-linked sectors. Kwon highlights that outside the AI trade, nothing in the stock market catches his attention. “Yeah, I think AI matters more than the Fed. For broadening, I think the Fed matters. Outside of that, I think it’s really more about growth… Now that we…
Global venture investors poured $45 billion into AI firms in the third quarter of 2025, led by massive rounds for Anthropic, xAI and Mistral AI, according to new data from Crunchbase. In a new report, Crunchbase says AI venture investments represent about 46% of all venture capital deployed worldwide last quarter, marking a blockbuster period in which AI captured nearly half of global startup funding. Total venture investment reached $97 billion, up 38% year-over-year from $70 billion in Q3 2024. It was the fourth consecutive quarter with global startup funding above $90 billion—levels not seen since 2022. Crunchbase says startup…
A top Wall Street analyst says the AI boom is still in its infancy and could drive the Nasdaq to historic highs within just a few years. In a new CNBC interview, Dan Ives of Wedbush Securities says the AI revolution is closer to 1996 than 1999, noting that it is the start of a lasting supercycle, not a bubble. In 1996, the Nasdaq launched a massive bull market that saw the index climb about 400% in just four years. According to Ives, AI adoption remains minimal across most global enterprises, giving the current rally far more room to run.…
Advanced Micro Devices (AMD) has signed a multi-year agreement to supply artificial intelligence chips to OpenAI in a deal that could reshape the power balance across the semiconductor industry. The pact will give the ChatGPT creator the option to purchase up to about 10% of the Nvidia rival, along with access to hundreds of thousands of AMD’s next-generation graphics processors, totaling six gigawatts of compute capacity—enough to power several million US homes, reports Reuters. AMD says OpenAI also plans to construct a one-gigawatt data center based on its forthcoming MI450 series chips starting next year. The chipmaker expects to begin…
Legendary hedge fund manager and billionaire Paul Tudor Jones says the market is entering conditions that mirror the final stretch of the late-1990s tech boom — a setup he believes could unleash explosive rallies in the months ahead. In a Squawk Box interview, Jones says the mix of monetary policy and speculative enthusiasm now feels almost identical to the peak years of the dot-com era. He says market conditions today are akin to “Prince’s song” following multi-billion-dollar chip deals between OpenAI, Nvidia and AMD. “Well, it’s like the Prince song. It’s 1999, party like it’s 1999, right? Feels exactly like 1999.…
A Wall Street veteran known for calling major market turns says fears of an “AI bubble” are misplaced and may even be a bullish signal. In a new QuickTakes post, Ed Yardeni of Yardeni Research raised his year-end S&P 500 target back to 7,000, citing robust economic data and the potential for more rate cuts this year. Yardeni began the year with the same target but trimmed it during the summer over trade tensions before reversing course this fall. “As promised, we are increasing the odds of a meltup to 30% from 25% and reducing our base-case for a sustainable…
A prominent venture capitalist is cautioning AI investors chasing the artificial intelligence gold rush that the next few years could produce dramatic winners and devastating losers. In a new CNBC interview, Plexo Capital founder Lo Toney says the frenzy surrounding AI has drawn in too many players eager to attach themselves to the trend without a clear long-term strategy. The result, he warns, could mirror the speculative surges seen in past technology cycles. “And they may lose big. When you have these types of platform shifts and this amount of real that generates a lot of enthusiasm, you have a…
Banking titan Morgan Stanley warns that the AI investment wave that has driven one of the most powerful equity rallies in US history may be entering its late phase. The bank warns that the surge in capital spending on artificial intelligence — now the dominant driver of US equity performance — is showing signs of fatigue. The long-term equity bull market, which has lifted the S&P 500 by nearly 90% in just three years, is increasingly reliant on a handful of technology giants and hyperscale data-center operators. “Given the market dominance of the ‘Magnificent 7’ tech giants and other companies…
The shift toward AI-driven workplaces is accelerating, and new data from Indeed shows which industries are likely to feel the transformation first. The job search platform highlights five job categories that it thinks are most likely to face disruption amid the widespread adoption of AI tools. The firm names software development, data and analytics, accounting, marketing, and insurance as these roles rely heavily on repetitive or digital workflows that AI systems can already perform or augment. Indeed economist Allison Shrivastava says the pattern isn’t about replacement but reconfiguration. Many of these positions involve limited in-person interaction and large volumes of…
