Software, Payments Stocks Slide After Citrini Research Flags AI Risks
Bloomberg.com • • general
Key Points:
- Delivery, payment, and software stocks dropped significantly following a Citrini Research report highlighting potential risks AI could pose to multiple sectors of the global economy.
- DoorDash, American Express, KKR, and Blackstone shares fell over 8% in response to the report.
- Other companies mentioned, such as Uber, Mastercard, Visa, Capital One, and Apollo Global Management, saw declines of at least 3%.
- The market reaction reflects investor concerns about the impact of AI on these industries' future performance.
