A new financing push is underway to build some of the largest data centers in the world in an effort to support OpenAI’s massive Stargate project. JPMorgan Chase and Mitsubishi UFJ Financial Group are leading a $38 billion debt sale that will fund two massive data center projects in Texas and Wisconsin, Bloomberg reports. The facilities, developed by Vantage Data Centers and used by Oracle, will supply computing power to the $500 billion Stargate initiative, an AI infrastructure program designed to support OpenAI’s future models. Sources familiar with the matter say the package is split across two senior secured credit…
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.
Anthropic gears up for its next leap in compute power through an expanded partnership with Google Cloud. In a new press release, Anthropic says it struck a deal with Google Cloud to access up to one million TPU chips, hardware worth tens of billions of dollars. The company says the deal will provide “well over a gigawatt of capacity” coming online in 2026, enough to train and serve the next generations of its Claude models. This partnership builds on Anthropic’s earlier 2023 collaboration with Google Cloud, which already powers Claude models through Vertex AI and the Google Cloud Marketplace. Thousands…
A prominent venture capitalist dismisses AI bubble talks, arguing that current valuations bear little resemblance to the excesses of the dot-com era. In a new post on X, Menlo Ventures executive Deedy Das cites data from the Coatue Oct 2025 State of AI Report to show that the AI trade is less than half of the multiples witnessed during the late 1990s dot-com bubble. “Multiples (P/E) are nowhere near the .com level.” Looking at the chart, the Nasdaq’s price-to-earnings multiple appears to have soared to 89x by 1999. In comparison, the same measure clocks in at 28x today. Turning to…
A new survey of AI users reveals explosive growth in paid adoption and deep personal investment in generative tools, signaling a new phase of mass-market monetization. The State of AI Report 2025, produced by investor Nathan Benaich and Air Street Capital, ran an online survey of AI usage habits with 1,183 participants between July 2 and September 27, 2025. Results of the survey show that more than 95% of survey respondents use AI at work and in their personal lives, with 76% paying for the service out of their own pockets. “In a vote for the usefulness of AI tools,…
Wells Fargo’s chief equity strategist says the setup for US equities is shifting, with artificial intelligence earnings and two major macro events poised to tilt sentiment to the upside. In a new CNBC interview, Ohsung Kwon, the bank’s top strategist, believes next week could deliver a rebound in risk appetite as hyperscaler results return to the spotlight. But in the short term, he notes that market moves may still depend on inflation data. “I do think the risk is skewed to the upside, though, for the equity market, because I think heading into this week, I think the setup this…
Tesla CEO Elon Musk says he needs more voting power to influence the company’s next phase of AI expansion, one that could unlock an “infinite money glitch.” Speaking at Tesla’s Q3 2025 earnings call, Musk says his desire for greater voting control is tied to the coming wave of Optimus humanoid robots, a program he claims could redefine global productivity and wealth creation. Musk says greater voting power will allow him to maintain authority over the production of a “robot army” capable of producing economic output far beyond human labor. “So you’re trying to make 1 million or something per…
Legendary short-seller Jim Chanos is sounding the alarm on a growing Wall Street trend that echoes one of history’s most infamous corporate collapses. In a new Bloomberg interview, the veteran investor says some of the biggest beneficiaries of the AI boom, including Nvidia and Microsoft, are using financial structures reminiscent of those that helped fuel the Enron disaster over two decades ago. Chanos says he’s growing uneasy about the rise of so-called special purpose vehicles, or SPVs. “One of the things that has caught my eye that is concerning now is we’re starting to see the advent of so-called SPVs,…
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…
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…