A surge in AI-powered cons is hitting victims across the globe, prompting Google to issue a new advisory flagging how criminals are weaponizing software to trick users at scale. In a new blog post, Google highlights a rapid rise in scams driven by transnational crime groups and automated social-engineering tools, noting that AI is now materially amplifying fraud tactics across the internet. The firm notes that fraud rings impersonate legitimate employers by cloning career pages, building fake recruiter profiles and even staging phony video interviews to harvest bank details and identity documents. These campaigns push victims to pay upfront “registration”…
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.
OpenAI’s Sam Altman is clarifying the company’s stance on government support after its finance chief floated federal guarantees for semiconductor funding, stressing that the US government should not bail out private AI players. In a new post on X, Sam Altman pushes back on speculation that the firm is seeking taxpayer-backed rescue lines as it prepares to finance an AI buildout projected at a trillion-dollar scale. He says OpenAI supports government investment in national compute capacity, but not guarantees for private projects. “We do not have or want government guarantees for OpenAI datacenters. We believe that governments should not pick…
A wave of job cuts is sweeping through corporate America as companies tighten spending and AI accelerates automation, marking the sharpest October layoff tally in more than two decades. In a new report, outplacement firm Challenger, Gray & Christmas says US employers announced 153,074 job cuts last month as executives respond to cooling demand, rising costs and growing integration of artificial intelligence across operations. The firm notes that layoff announcements have climbed rapidly through the fall, with more companies signaling restructuring pressure and fewer displaced workers finding roles quickly. “October’s pace of job cutting was much higher than average for…
Elon Musk is inching toward trillionaire territory after Tesla shareholders delivered a resounding vote of confidence, approving a compensation package that cements his grip on the electric-vehicle maker and its AI ambitions. At Tesla’s 2025 Annual Shareholder Meeting, the firm’s general counsel, Brandon Earhart, said that shareholders had greenlit Musk’s $1 trillion pay package, garnering an overwhelming 75% vote. Following the announcement, participants erupted with cheers and applause, and almost everyone stood up to express their exhilaration. Elon Musk entered the stage and danced with a pair of robots. Said Musk, “First of all, I would like to just give…
Snap (SNAP) is ripping higher in premarket trading after the company struck a large AI partnership in a move that positions the platform squarely inside the next wave of mobile discovery. In a new press release, Snap says it has agreed to integrate Perplexity’s AI answer engine directly into Snapchat’s chat interface starting in early 2026, offering conversational search to its global base. “Through this integration, Perplexity’s AI-powered answer engine will let Snapchatters ask questions and get clear, conversational answers drawn from verifiable sources, all within Snapchat. The partnership underscores Snap’s growing role as a trusted platform for AI partners…
Banking titan Morgan Stanley believes market leadership may consolidate around large-caps and AI giants next year as tighter financing and economic crosscurrents create headwinds for smaller firms. In a new edition of its Wealth Management Insights, Morgan Stanley Wealth Management CIO Lisa Shalett warns that many small-cap stocks remain fundamentally challenged at a moment when capital costs stay elevated and credit stress indicators are flashing. She also notes that many small firms are burning cash despite a growing economy. “As we see it, smaller companies will face at least three major obstacles in 2026. First, the data suggest that more…
A leading OpenAI executive says the companies that win in artificial intelligence will be the ones that use it to expand output and pursue more ideas, not simply cut costs. In a new post, OpenAI’s head of applications, Fidji Simo, says the technology is already powering a shift in corporate strategy, pushing businesses to pursue more ideas, enter new markets and scale with fewer trade-offs. According to Simo, OpenAI has surpassed more than one million business customers as the ChatGPT creator frames itself as a platform for growth rather than automation-driven reduction. She says businesses historically trimmed ideas due to…
A firm overseeing about $20 billion in assets warns that the AI boom carries deeper risks than the 1840s British railway bubble. In a new Bloomberg interview, Hirtle, Callaghan & Co. chief investment officer Brad Conger said the rush to build AI infrastructure is fueling one of history’s most extreme overbuild cycles. He points to the British railway frenzy, in which government approvals enabled explosive construction that ultimately crushed investors but benefited society over decades. The dynamic, he argues, offers a cautionary blueprint for the current AI arms race. “So the UK in 1843 had 2,000 miles of track, and…
Fundstrat’s Tom Lee says a long-awaited rotation may be taking shape as some of the most beaten-down stocks in decades begin to attract institutional attention. In a new CNBC interview, Lee says big investors are already looking ahead to 2026, exploring bets outside of the mega-cap tech core while maintaining exposure to artificial intelligence giants. He also highlights the extreme weakness in other areas of the market, noting a rare setup in historically underperforming equities. “I think, you know, we are doing more Zooms with institutional investors where they’re talking about 2026, so they’re trying to position… There are plenty…
Nvidia’s chief executive Jensen Huang raises alarms about the speed of China’s artificial intelligence push, saying the country could overtake the United States unless American firms accelerate development and talent recruitment. Jensen Huang says the world’s second-largest economy will come out on top of the artificial intelligence race amid lower energy costs, reports The Financial Times. “China is going to win the AI race.” He also notes that US states are exploring fresh rules that could give birth to “50 new regulations.” In a statement, Huang says, “It’s vital that America wins by racing ahead and winning developers worldwide.” In…