This is the Daily Tech News for Tuesday, February 24th, 2026. We tell you what you need to know, give you the important context and help each other understand.

And today, which is more dangerous, AI taking all our jobs, or a substack post about AI taking all our jobs.

Ding, ding, ding. I'm Jason Howell. I'm Tom Merritt.

Let's start with what you need to know with a big story.

Yeah, you kind of frame that perfectly. Citrini, citrini, citrini, I'm not sure, research issued a report Monday that described a

worst case scenario of successful LLMs pushing white-collar workers out of jobs. Wall Street

Journal wrote, quote, concerns of hypers overspending are out. W Worries of software industry disruption don't go far enough.

The global intelligence crisis is about to hit.

Dun, dun, don't, don.

The Dow, S&P 500, and NASDAQ, all experience drops between 1 and 2%.

Evercore, is it ISIs?

Okay, I don't want to read that all for letters together.

But ISIs Krishna Guha, sorry, critiqued the scenario with the following points.

Krishna said, it assumes that cost savings will not increase economic activity when all economic

history indicates that people saving the money get wealthier and the economic impact balances.

It ignores Schumpter's insight, which is that resources released from failing businesses

usually create new businesses. The disruption

is the gap between those two, not permanent. It assumes wealthy people will actually stop

consuming, quote, even if there are limits to the consumption of current goods and services,

new ones will be invented. Yes.

The purest case is products or activities that extend a person's healthy life.

There is no limit to the amount of healthy life a wealthy person wishes to consume.

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