Our colleague David Uberti was doom-scrolling on Sunday night, like a lot of us do, when a certain post caught his eye.

I was reading in bed on my iPad this interesting sub-sec post from a financial research firm I hadn't heard of before.

It was published by a relatively unknown firm called Citrini Research, and it was written

like a memo from the future, from June 28, looking back at how artificial intelligence

transformed the economy.

And they basically framed this report as sort of like a postmortem on what happened over the time between the economy. And they basically framed this report as sort of like a post-mortem on what happened over

the time between now and then and how the economy has changed.

It read to me like really good science fiction.

I didn't put it down despite the fact that it was 7,000-plus words long.

The picture the Satrini report painted in the future was bleak.

We described it as a doomsday report, and very much so it was.

In the scenario that they outlined, there was something like 10.2% unemployment across the United States,

which is worse than what it was the depths of the Great Recession.

The report proposed that AI will become so good at writing code and replacing jobs

that it could become very bad for the broader economy.

Basically, the question is not whether like AI is bearish or bullish for the economy.

Is it what if it's so bullish that it becomes bearish?

David wasn't the only one reading the Satrini post that night.

It was going viral, and it was freaking people out.

Pretty soon after the market opened on Monday morning, a lot of stocks that we follow in the

software space, in particular, we're all flashing red on our screens. And when something across the

entire sector is moving in the same direction, it tends to mean something big is happening.

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