"Citrini's Substack essay imagines a "human intelligence displacement spiral"-a negative feedback loop with no natural brake. In this hypothetical future, AI agents rapidly replace software engineers, financial advisors, and middle management. Companies lay off workers to expand margins, reinvesting those savings into more AI compute, which only accelerates further layoffs."
"Citadel Securities has swiftly dismantled the viral narrative. In a blistering new macro strategy report authored by Frank Flight, Citadel systematically debunks Citrini's doomsday scenario, using real-time economic data to prove that the so-called "intelligence crisis" is actually rooted in a profound misunderstanding of macroeconomic fundamentals and technological adoption curves."
A speculative essay titled "The 2028 Global Intelligence Crisis" by Citrini Research went viral on Wall Street, depicting a catastrophic future where AI displaces white-collar workers, causing the S&P 500 to plummet 38% and unemployment to spike to 10.2%. The scenario describes a deflationary spiral triggered by mass job displacement. Citadel Securities, led by Ken Griffin, released a comprehensive macro strategy report authored by Frank Flight that systematically dismantles this narrative. Using real-time economic data, Citadel argues that Citrini's doomsday predictions fundamentally misunderstand macroeconomic principles and technology adoption curves, challenging the validity of the viral scenario.
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