AI 'Doomsday Report' Sparks Global Tech Market Selloff

Global tech markets experienced sharp volatility on Monday following a viral analysis by Citrini Research ^[1][3]. The 7,000-word report, titled "The 2028 Global Intelligence Crisis," sparked a massive 800-point plunge in the Dow Jones ^[2]. It detailed a hypothetical future where autonomous AI agents rapidly replace white-collar roles ^[1]. The report warns that AI-driven displacement could push unemployment to 10.2% by 2028 ^[2][3]. Such a shift may lead to a "deflationary cascade" affecting mortgage markets and private credit lenders ^[1]. Major software firms, including IBM and CrowdStrike, saw shares tumble up to 13% as investors weighed the risks ^[3][1]. Founder James van Geelen described the document as a "scenario, not a prediction" ^[1][2]. However, the market reaction reveals deep anxieties about the speed of AI adoption and its economic impact ^[3]. Additional pressure from new global tariff proposals contributed to the week's financial instability ^[3].