An AI hypothetical report shakes the US stock market; author responds: If I had known, I wouldn't have released it for free. Disruptive scenarios are not impossible.
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Gelonghui, February 25th | According to The Paper, recently, research institution Citrini Research released a report titled "The Global Intelligence Crisis of 2028," which hypothesizes scenarios that may occur in June 2028, stating that by then, the U.S. unemployment rate will exceed 10%. This report has further fueled panic in the U.S. stock market, which is already concerned about the disruptive impact of AI. On February 23rd, the S&P index fell by more than 1%, and its software and services index dropped to its lowest level since last April, when U.S. President Trump announced "Liberation Day" tariffs. On February 24th local time, James Van Gillen, one of the authors of the above report and founder of Citrini Research, said in an interview with foreign media that if he had known in advance that the article would have such a significant impact on the market, he would never have made it publicly available for free. He warned that there will be more volatility in the market in the future: "We are entering a period of extremely high market volatility." Gillen pointed out that the market's sensitivity to topics such as the impact of AI is approaching a critical point: "This article has clearly become the focus of investors' attention. They were already worried that AI would cause a secondary shock to existing companies, and when our article pointed out the worst-case scenario, this anxiety reached its peak."
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