Another day, another AI scare.
A Citrini blog post titled “The 2028 Global Intelligence Crisis” triggered another AI-driven selloff in US equities on Monday. The Goldman Sachs Software At Risk Basket fell 6% yesterday and is now down 33% year to date. Source: Bloomberg, HolgerZ
Yesterday, rising anxiety over the impact of AI disruption on multiple sectors resurfaced
exacerbated by a note from Citrini Research that was passed around getting over 20mm views, saying nothing new but re-highlighting the potential impact on jobs and tech firms in the next few years... “The sole intent of this piece is modeling a scenario that’s been relatively underexplored,” a preface to the article, which was published Sunday, said. “Hopefully, reading this leaves you more prepared for potential left tail risks as AI makes the economy increasingly weird.” Investors, once again, dumped shares of any company seen at the slightest risk of being displaced which lead Goldman's AI-at-Risk basket fell to its lowest since Nov 2016... Since: Bloomberg, zerohedge
The future of IT is AUTONOMOUS.
Source: Vala Afshar @ValaAfshar
How much of China AI depends on US
Source: The Times Of India @timesofindia
Suddenly everyone hates AI
Source: Bloomberg
Banks and insurers might be longs as structural beneficiaries in the AI era.
Back office tasks get automated and margins improve. Software has a large opportunity to improve efficiency as well. Source: Greg @GS_CapSF
AI disrupting toilets next
Source: Bloomberg
AI Risk Is Dominating Conference Calls as Investors Dump Stocks
Source: Bloomberg
