Citrini Research report, in which analysts warned of an economic collapse due to artificial intelligence, partially triggered the sell-off of stocks in the software and payment services sectors.

Global Intelligence Crisis has garnered 24.4 million views on X alone at the time of writing. The document states that AI agents can significantly increase corporate profits and make human labor unnecessary. Such a situation could trigger a recession.

The report describes a bleak scenario for June 2028:

the S&P 500 index drops 38% from its all-time high;
unemployment exceeds 10%;
the private lending market is shattered;
mortgage agreements are "falling apart."
According to researchers, the process is happening gradually:

The first layoffs in offices seem positive for markets — margins are growing, profits are hitting records, wages are decreasing.
Agents are developing and can already assemble a product similar to the original in weeks, putting downward pressure on prices and reducing revenue.
Assistants eliminate business intermediaries, find the cheapest payment tools like stablecoins in low-fee networks.
Layoffs hit demand, as people stop spending due to unemployment.
Defaults are announced on loans, and the problem shifts to the insurance sector.
Problems arise in the mortgage market, further fueling asset sell-offs.
Tax revenues decline, and discussions begin about fees on inference or "dividends" from AI infrastructure.
Stock Declines
IBM shares experienced the largest single-day drop in 25 years, falling 13.1%.
Shares of Microsoft, Oracle, and Accenture declined by 3.21%, 4.57%, and 6.58%, respectively. Payment companies Visa, Mastercard, and American Express saw decreases of 4-7%.

Anxiety increased amid the success of Anthropic. The company announced that Claude can optimize COBOL code, primarily running on IBM systems.
Citrini experts emphasized that the spread of AI agents like Anthropic’s Claude Code or OpenAI’s Codex will lead to an economic shift: the demand for human labor will decrease, and companies will be forced to reinvest the saved funds into more powerful systems. This will create a feedback loop, accelerating the displacement of workers and reducing consumer spending.

Leading cybersecurity companies' stocks fell after the launch of the Claude Code Security vulnerability scanner.