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Why Wall Street panicked over a sci-fi blog post

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No one can be certain where AI is taking us. |  Michael Nagle/Bloomberg via Getty Images Last year, investors worried that AI would crash the economy by making too little money. Now, they fear it will do so by making too much. On Sunday, a little-known financial analysis firm called Citrini Research published a piece of science fiction: A memo dated June 2028, in which its researchers sketch a pocket history of “the global intelligence crisis” — an AI-triggered meltdown of the world’s financial, economic, and political systems. In this account, the problem isn’t that AI proves unpro...

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