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Stock impact report

Market firm claps back at 'doomer' report about US economy shake-up: '[It's] not a prediction' [Yahoo! Finance]

International Business Machines Corporation (IBM) 
Last international business machines corporation earnings: 4/20 04:08 pm Check Earnings Report
US:NYSE Investor Relations: ibm.com/investor
Company Research Source: Its
And the latest opposing opinions highlight what most people likely feel when watching a Tesla Optimus robot folding laundry or artificial intelligence programs delivering business plans: uncertainty. A Citrini Research hypothetical memo from the year 2028, while not intended to be "AI doomer" content, was bleak. "The initial wave of layoffs due to human obsolescence began in early 2026," according to the fictional piece. The scenario includes a boom-or-bust stock market, 10% unemployment — it's currently — and company leaders who are reluctant to pass up savings that are earned by giving computers a greater share of the workload. Conversely, Citadel Securities' Frank Flight thinks such fears are inflated, especially in the near term, for several key reasons. They are outlined in multiple reports. AI requires massive amounts of energy-hungry computing, which is forecast to surge in the coming years. The hubs are already contributing to electricity prices that are rising fast Show less Read more
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