Skittish investors spooked as dystopian AI outlooks go viral


Technology leaders attend a generative AI (Artificial Intelligence) meeting in San Francisco in California, U.S., June 29, 2023. REUTERS/Carlos Barria

SINGAPORE, Feb 24 (Reuters) - An imagined dystopiaof mass ⁠unemployment fuelled by artificial intelligence, highlighted in Citrini Research's now viral report, has unsettledglobal markets, where a recent huge bet on the ⁠technology is starting to show cracks.

The report, the latest in a series of gloomy "think pieces" on the disruptive potential of ‌AI, envisions a 2028 scenario where unemployment rises to 10.2%, triggered by layoffs as AI rapidly turfs out software and delivery applications.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Lucid unveils steering wheel-free robotaxi concept, taking aim at Tesla's Cybercab
US appeals court throws out injunction against California law on children's online safety
Microsoft's Rajesh Jha, head of experiences and devices unit, to retire
Ukraine opens battlefield data access to allies' AI models
SoftBank-backed PayPay shares set to open 38% above IPO price
Exclusive-Italian prosecutors seek trial for Amazon, four execs over alleged $1.4 billion tax evasion
Pentagon CTO says 'no chance' of renewed Anthropic negotiations
Bumble shares surge as investors swipe right on AI-powered reboot
US insurers and hospitals turn to new AI for age-old battle over charges vs payments
Google names London office 'Platform 37' in a nod to railway neighbour, AI 'Go' match

Others Also Read