Visa is warning that the rapid spread of AI across digital commerce is accelerating fraud risks and could drive global cybercrime losses to trillions of dollars by the end of the decade. In a new report, the payments giant says advancing digital infrastructure, widening access to mobile computing and fast-maturing regulations are pushing commerce into a new AI-powered era, while simultaneously giving fraudsters more sophisticated tools to exploit systems at scale. Visa says cybercrime is projected to cost the global economy $15.6 trillion by 2029, with malicious bots already accounting for 37% of all internet traffic. The firm says Asia…
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.
DeepMind co-founder and CEO Demis Hassabis believes that Google is poised to continue dominating the AI race and leave its competitors in the dust. In a new Bloomberg interview at Davos, Hassabis highlights Google’s one-of-a-kind AI strategy, believing that its full-stack approach distances the firm from OpenAI, Microsoft and all other frontier model competitors. According to Hassabis, Google is the only Big Tech firm that covers all layers of the AI tech stack, spanning chips, cloud services, models and applications. “Well, I think everything starts with research, in my opinion, and the models especially being state-of-the-art on all the different…
Microsoft CEO Satya Nadella says competition in the AI race is pretty intense, and he believes that it doesn’t have to conclude with just one winner. In an interview with All-In Podcast members Jason Calacanis and David Sacks at Davos, Nadella says having intense competition in the tech industry is good, as it keeps Microsoft fit. Nadella also says that he’s not concerned about who’s currently in the lead because he thinks that the market for AI will be so large that there will be multiple winners. “Honestly, at the end of the day, when I look at it, as…
JPMorgan Chase CEO Jamie Dimon says AI is moving faster than other tech cycles in the past, and that it could trigger a social upheaval if the rollout remains unchecked. In a new interview at Davos, Dimon says the pace of AI development and deployment is unprecedented and that what we’re witnessing now is just the tip of the iceberg. “I think this one is faster, is massive. It is like the internet or electricity. It is not going to run for over 20 years. It’s more parabolic for now.” Looking at its impact on the labor market, the JPMorgan…
Nvidia chief executive Jensen Huang says AI is moving very close to driving tangible economic gains, as Big Tech makes a push for the next leg of the infrastructure buildout. In a new interview with BlackRock CEO Larry Fink at Davos, Huang says the AI buildout is a five-layer cake that does not end in models like OpenAI’s ChatGPT or Google’s Gemini. According to Huang, energy sits at the bottom of the cake, followed by chips and computing, cloud services, AI models and the application layer on top. The Nvidia executive highlights that the application layer is where the true…
Satya Nadella believes the future of AI does not belong to OpenAI, Anthropic or even Microsoft itself. In an interview with BlackRock CEO Larry Fink, the Microsoft CEO says firms that use a multi-model approach will emerge as the winners in the age of AI. According to Nadella, firms that leverage multiple systems and harness that intelligence to build a unique model will have a distinct advantage over their competitors. “Even in the last, whatever, three years, four years that we’ve been at it, the reality at this point is it’s a multi-model world. In fact, if you think about…
The CEO of the chip licensing firm Arm believes that we’re approaching the day when AI becomes intelligent enough to create new products and launch companies from scratch. In a new CNBC interview at Davos 2026, Rene Haas says the pace of tech innovation over the last decade is unprecedented, leading him to believe that AI will ultimately come up with new ideas, create AI agents to work on product specifications and start new companies. “At the end of the day, one of the things that we think about more broadly is where does AI go? Does AI start to…
OpenAI has secured a major enterprise partnership with ServiceNow that will embed its frontier AI models directly into business workflows used at a global scale. In a new announcement, ServiceNow says OpenAI will become a preferred intelligence capability across its platform, which orchestrates more than 80 billion workflows each year for enterprises spanning IT, finance, sales, human resources and operations. The integration brings models such as GPT-5.2 into live enterprise systems where AI can observe context, reason about next steps and execute actions inside secure customer environments. The move targets a critical shift in enterprise AI adoption. Companies are moving…
A surge in AI-related hiring is colliding with worker skepticism, as demand for AI agent skills explodes, while a sizable share of employees believe the technology will have little impact on their day-to-day jobs. A new global study from the HR firm Randstad analyzed responses from more than 27,000 workers and 1,225 employers across 35 markets, alongside secondary analysis of more than 3 million job postings worldwide. The research shows job vacancies requiring “AI agent” skills have jumped 1,587%, signaling rapid employer adoption. Yet 21% of workers surveyed say they do not expect AI to affect their work at all,…
Tech advisory firm Futurum says the Magnificent 7 are flush with cash, large enough to fund their AI infrastructure ambitions. Futurum chief market strategist Shay Boloor shares data on X that shows Microsoft, Google, Tesla, Apple, Meta, Nvidia and Amazon are sitting on $496 billion worth of cash positions as of Q3 of 2025. “Microsoft has more cash on hand than any tech company in the world. This gives it the most flexibility to fund multi-year AI capex & lock in power & infrastructure. • MSFT +$102 billion • GOOGL +$98 billion • AMZN +$94 billion • NVDA +$61 billion…