Viral doomsday report lays bare Wall Street's deep anxiety about AI future [View all]
It doesn’t take much to cause tumultuous stock moves in a market top-heavy with tech shares and jumpy about the prospects for artificial intelligence.
But nothing underlines the sensitivity of stocks right now quite like what happened on Monday, when one of the factors behind the Dow’s 800-point drop was a 7,000-word hypothetical.
viral report by Citrini Research tapped into a new strain of fears about AI, painting a dark portrait of a future in which technological change inspires a race to the bottom in white-collar knowledge work. Concerns of hyperscalers overspending are out. Worries of software-industry disruption don’t go far enough. The “global intelligence crisis” is about to hit.
The new, broader question: What if AI is so bullish for the economy that it is actually bearish?
https://www.msn.com/en-us/money/markets/viral-doomsday-report-lays-bare-wall-street-s-deep-anxiety-about-ai-future/ar-AA1WVlKU
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