‘A feedback loop with no brake’: how an AI doomsday report shook US markets
by Aisha Down and Dan Milmo from Technology | The Guardian on (#73SV4)
Shares in Uber, Mastercard and American Express fall on back of apocalypse scenario posted on Substack
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-known US firm that provides insights on transformative megatrends'". Its post on Substack, which it called a scenario, not a prediction", rattled investors by portraying a near future in which autonomous AI systems - or agents - upend the entire US economy, from jobs to markets and mortgages.
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