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7/10

Citrini Research Warns of 2028 Global AI Crisis and Surge in Unemployment

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  • •Citrini Research projects unemployment exceeding 10% by 2028 due to AI-driven automation.
  • •IBM shares fell 13% following the release of a new AI tool by Anthropic.
  • •The report forecasts a sharp decline in the S&P 500 due to structural disruptions in software and cybersecurity sectors.

Citrini Research has issued a stark warning regarding a looming "Global Intelligence Crisis" projected to impact markets by 2028. The report forecasts that AI-driven automation could push global unemployment rates above 10% within the next four years, creating significant macroeconomic instability. Market volatility is already surfacing, evidenced by a 13% drop in IBM shares following the release of a competitive AI tool by Anthropic. Analysts anticipate a significant downturn for the S&P 500 as structural disruptions hit the software and cybersecurity sectors particularly hard. The research suggests that legacy business models are increasingly vulnerable to the rapid displacement caused by advanced AI integration. This bearish outlook highlights growing institutional concerns over how rapid technological shifts will reshape the global labor market and corporate earnings.

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news.detail.sourcesSection:seekingalpha.com