A 7,000-word report from Citrini Research has sparked concerns about the economic impact of AI, contributing to an 800-point drop in the Dow Jones. The report suggests that rapid advancements in AI could lead to widespread white-collar unemployment and financial instability, with major tech firms like IBM and software companies experiencing significant stock declines. The anxiety is compounded by uncertainties regarding U.S. trade policy, highlighting fears of a “global intelligence crisis” driven by the disruptive potential of AI technologies.
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