IBM Stock Crashes 13% on AI's 'Intelligence Displacement Spiral'
IBM's worst drop in 20 years—13% in a day—sparked by a speculative report on AI's economic sabotage. Markets finally pricing in the job-killing risks everyone else ignores.
⚡ Key Takeaways
- Citrini report triggered IBM's 13% stock plunge, signaling market fears of AI-driven job spirals.
- "Ghost GDP" means AI efficiency without economic circulation, risking recessions.
- AI accelerates inequality; expect policy backlash like UBI by 2027 without checks.
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Originally reported by AI Supremacy