Vision of 2028 Intelligence Crisis Paralyzes Markets: Software Sell-Off and Unemployment Fears

Financial markets reacted violently to the publication of the analysis "The 2028 Global Intelligence Crisis" by niche firm Citrini Research. The report painted a dystopian vision of the future where the rapid development of agentic AI leads to ten percent unemployment in the USA, a collapse of the real estate market, and a drastic drop in consumption. Articles indicate that fear of human technological redundancy hit enterprise software providers (SaaS) the hardest, whose stocks lost an average of 20 percent of their value over the last month. The biggest market players, including bank JP Morgan, warn of a bubble burst, comparing the current instability to the 2008 crisis. UBS analysts revised their forecasts for private credit, predicting that in the worst-case scenario, the default rate could rise to 15 percent due to disruptions caused by artificial intelligence. In response to these sentiments, funds like SLR Investment Corp. have begun promoting themselves as "safe havens," emphasizing minimal capital exposure to the software sector. Market patterns show that every technological revolution—from the steam engine to the internet—initially sparked fear of mass unemployment, but typically led to the creation of new jobs and increased productivity. Despite widespread pessimism, some companies report successes in adapting the new technology. Thomson Reuters saw its stock rise 11 percent after announcing that its AI assistant, CoCounsel, gained one million users. Meanwhile, Anthropic, the startup at the center of the turmoil, announced partnerships with traditional giants, suggesting a model of collaboration rather than total elimination of existing players. CEOs of companies like Workday emphasize that their systems are key operational foundations that cannot be easily replaced by AI code alone. „History shows that successive waves of technological change have not produced runaway exponential growth, nor have they rendered labor obsolete.” — Frank Flight Currently, the market is dominated by polarization: while capital is fleeing from office application providers, record growth is being seen by semiconductor manufacturers in Taiwan and South Korea. Investors are treating computer hardware as a safer investment, essential for building AI infrastructure, regardless of which software model ultimately wins the market battle.