An AI Thought Experiment on Substack Is Sending The Stock Market Spiraling
Gizmodo • • business
Key Points:
- Citrini Research published a fictional scenario titled “The 2028 Global Intelligence Crisis,” envisioning a future with 10.2% U.S. unemployment due to AI-driven white-collar job losses starting in 2026, despite strong GDP growth fueled by AI-created “ghost GDP” that doesn’t circulate in the real economy.
- The scenario predicts widespread disruption across industries, including software, delivery services, and payment processors, with AI agents and stablecoins eliminating transaction fees and upending traditional business models.
- This thought experiment has contributed to market turbulence, with declines in software stocks and shares of companies like DoorDash, Uber, American Express, and Mastercard, amid fears that AI will reduce reliance on specialized software services.
- Industry experts remain
