IBM’s rout, 'ghost' GDP: Why AI doom loop may be just a 'scary bedtime story'
Markets were rattled after a report projected a 2028 worldwide intelligence crisis, claiming AI would decimate professional roles and spark economic freefall, leading to a steep drop in IBM’s share pr
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The ‘extreme and improbable’ economics of Citrini’s AI report
Doomer dunking
Read full article →‘A feedback loop with no brake’: how an AI doomsday report has rattled markets
Scenario posted on Substack envisages a near-future in which autonomous systems upend the entire US economy US stock markets have been hit by a further wave of AI jitters, this time from yet another viral – and completely speculative – warning about the impact of the technology on the world’s largest economy. The latest foreboding is from Citrini Research, a little-know US firm that provides insights on “transformative ‘megatrends’”. Its post on Substack, which it called a “scenario, not a pr...
By Aisha Down and Dan Milmo
Read full article →IBM’s rout, 'ghost' GDP: Why AI doom loop may be just a 'scary bedtime story'
Markets were rattled after a report projected a 2028 worldwide intelligence crisis, claiming AI would decimate professional roles and spark economic freefall, leading to a steep drop in IBM’s share price. Yet many specialists dispute this doomsday timeline, arguing that AI’s impact will unfold more gradually, with outcomes depending significantly on how policymakers manage labor, regulation, and innovation.
By TOI TECH DESK
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