Citadel Hits Back at the AI Doomsday Scenario in the Viral Substack Post that Tanked Stocks

Citadel hits back at the AI doomsday scenario in the viral Substack post that tanked stocks

Spencer Platt/Getty ImagesCitadel responded to a viral Substack post from Citrini Research that warned of an ominous AI future.Macro strategist Frank Flight outlined why such an AI apocalypse is unlikely to become reality.Slow adoption rates, supply restraints, and high costs are some of the reasons Citadel cited.A viral Substack post from Citrini fueled stock market losses this week after the hypothetical scenario it outlined stoked Wall Street…

Artificial Intelligence Doom Scenario: Stock Market Traders Taken to the Cleaners

A recent report from a financial analyst group claimed that as early as 2028 AI would replace all workers and there were no forces that could stop it. Michael Roberts criticizes this analysis because it ignores the fact that workers must be employed to make AI to begin with and these same workers can offer resistance to the trend. Citrini Research knows little about capitalism and neither do the traders who were rattled by their analysis. Read …

Michael Roberts - Citrini and the AI doom scenario

Will AI bring down the economy? Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog A report published last weekend by the obscure financial analyst group, Citrini Research, on the future impact of AI apparently caused a stock market sell-off in software companies.  Citrini was little known until its “Global Intelligence Crisis” report suddenly amassed over 22 million views on X a…

Citadel Securities Challenges Citrini's 'Global Intelligence Crisis' Thesis

Citadel Securities has issued a pointed rebuttal to Citrini Research’s viral “2028 Global Intelligence Crisis” artificial intelligence (AI) scenario, arguing that current labor data and adoption trends offer little evidence of imminent white-collar collapse. Is AI Getting Too Good? Citadel Offers a Different Take Authored by global macro analyst Frank Flight, the market-making firm’s response […]

Citrini’s AI crisis thesis resonates with 77% of influencers on X, reveals GlobalData

The Citrini Research report titled “The 2028 Global Intelligence Crisis” became a major viral sensation this week across social media platforms. The conversation has been dominated by a significant lean toward the findings as 77% of influencers align with the warnings while 23% express disagreement. The report gained massive traction because it presents a detailed scenario in which the success of artificial intelligence (AI) leads to a systemic …