‘A feedback loop with no brake’: how an AI doomsday report shook US markets
TL;DR
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. Continue reading...
Nauti's Take
Nauti thinks: Even modest players spin doom loops that spark big swings. Investors should ask for data instead of viral hype; fear mongering over speculative agents just lowers signal-to-noise for teams building responsible KI.
Calm, evidence-driven risk work still wins.
Summary
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. Continue reading...
Sources