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AI's Financial Crisis Warning: Citrini Report Rattles Markets, 5 Questions Answered
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AI Crash Warning: Citrini Report Shakes Global Markets, IBM, Wipro, Infosys Shares Plunge
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Moneycontrol
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24-02-2026, 17:24
AI Crash Warning: Citrini Report Shakes Global Markets, IBM, Wipro, Infosys Shares Plunge
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Citrini Research's 'The 2028 Global Intelligence Crisis' report sparks global market anxiety, impacting Wall Street and Dalal Street.
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IBM shares see biggest decline in 25 years; Wipro, Infosys, TCS experience significant drops in India.
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Report, co-authored by James Van Geelen and Alap Shah, is a 'thought exercise' on AI's potential impact, not a prediction.
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Predicts India's IT sector faces pressure by 2028 due to AI's low-cost coding tools, potentially leading to IMF discussions and rupee weakening.
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Warns of massive white-collar job cuts, lower salaries for new AI-driven roles, and suggests an 'AI tax' to manage economic shifts.
Read Full Article on Moneycontrol in Hindi
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