Citadel Securities rebuts Citrini AI doom report, says technology waves haven't rendered labor obsolete

Citadel Securities pushed back against the viral Citrini Research report that triggered a market selloff, arguing that "successive waves of technological change have not produced runaway exponential growth, nor have they rendered labor obsolete." The White House also called the report "science fiction." The rebuttals from both Wall Street and the administration aim to counter the fear that AI will trigger mass unemployment and a demand collapse, a scenario the Citrini report dubbed "Ghost GDP."

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