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A research report warning of an AI-driven recession and stock crash has gone viral and spooked investors

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Craig T Fruchtman/Getty Images The AI trade has boosted markets, but one market research firm has a warning for investors. Citrini Research's hypothetical scenario sees AI leading to a stock crash and a consumer-led recession. The report was among the catalysts causing fresh volatility in software stocks on Monday. The AI trade has boosted the market for years now, with its rapid growth being felt by the broader economy as companies keep spending. However, one research firm thinks the AI story will not end well for investors or everyday Americans. Stocks tumbled on Monday after a report circulating online from Citrini Research raised fresh fears about the impact of AI. The Dow was down by more than 800 points around midday, and the Nasdaq fell more than 1%. Software stocks were among the biggest losers, with names including AppLovin , Asana , DocuSign , and Zscaler down sharply. Citrini, a firm focused on thematic equity investing, theorized about the long-term imp...
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Software stocks extend their weeks-long selloff, with AppLovin, Datadog, Workday down 7%+; several of the biggest decliners were discussed in a post by Citrini (Jack Pitcher/Wall Street Journal)

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Jack Pitcher / Wall Street Journal : Software stocks extend their weeks-long selloff, with AppLovin, Datadog, Workday down 7%+; several of the biggest decliners were discussed in a post by Citrini   —  The weeks-long selloff in software stocks deepened Monday amid general unease about the threat posed by AI. from Techmeme https://ift.tt/i4Z5qUO
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Blizzard triggers New York City travel ban as airlines cancel thousands of flights

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Canceled flight at LaGuardia Airport ahead of massive i=winter storm. CHARLY TRIBALLEAU / AFP A significant winter storm will pummel much of the Northeast from Sunday to Monday. Airlines are delaying and canceling thousands of flights as a result. Adding to the travel chaos, Homeland Security said it would shut down TSA PreCheck and Global Entry. The Monday morning commute won't be messy in New York City. It will be nonexistent. New York City Mayor Zohran Mamdani declared a state of emergency and a travel ban during a press conference on Sunday as a giant winter storm bore down on much of the Northeast. The National Weather Service said to expect blizzard conditions and up to 20 inches of snow over the next 24 hours. Parts of New Jersey, Rhode Island, and Massachusetts could get up to 25 inches. "The state of emergency closes the streets, highways, and bridges of New York City for all traffic," Mamdami said. The travel ban begins at 9 p.m. Sunday and lasts un...
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A profile of Neil Shen of HSG, formerly Sequoia China, which raised $9B from US investors before US restrictions and has funded Manus and other Chinese startups (Wall Street Journal)

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Wall Street Journal : A profile of Neil Shen of HSG, formerly Sequoia China, which raised $9B from US investors before US restrictions and has funded Manus and other Chinese startups   —  Neil Shen has long bridged both countries, from working at Sequoia after Yale to his own firm from Techmeme https://ift.tt/vRmobhn
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Sam Altman says discussions about AI's energy usage are "unfair", as it takes "20 years of life and all of the food you eat during that time" to train a human (Anthony Ha/TechCrunch)

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Anthony Ha / TechCrunch : Sam Altman says discussions about AI's energy usage are “unfair”, as it takes “20 years of life and all of the food you eat during that time” to train a human   —  OpenAI CEO Sam Altman addressed concerns about AI's environmental impact this week while speaking at an event hosted by The Indian Express. from Techmeme https://ift.tt/JStUkEc
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I have the best talks with my preteen son when I drive him to school in the morning. I hope he knows I'm always here for him.

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The author tries to make sure her son's birthday feels separate from holiday celebrations. Courtesy of Ashley Archambault My son became quieter as he entered his tween years. Car rides turned into our most meaningful time together. Showing up consistently matters more than forcing conversations. When my son was still under 5, I worked at the local library . In my free time, my son was basically my best buddy. My supervisor at the time had teenagers, so she was in a different parenting stage than I was. I remember her saying that the secret to keeping her kids close was to drive them around as much as possible. This kept her kids talking to her and enabled her to maintain close relationships with them. She was so right with her advice. My son is now a tween My son just turned 12, and the shift from boy to teenager seems to have happened overnight. He is becoming more independent and less talkative — with me, but not his social circle. I know it's the natural orde...
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English-language Wikipedia bans Archive.today after editors discover it was used to direct a DDoS attack and tampered with snapshots; 695K+ links to be removed (Jon Brodkin/Ars Technica)

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Jon Brodkin / Ars Technica : English-language Wikipedia bans Archive.today after editors discover it was used to direct a DDoS attack and tampered with snapshots; 695K+ links to be removed   —  The English-language edition of Wikipedia is blacklisting Archive.today after the controversial archive site was used to direct … from Techmeme https://ift.tt/DXOqgVu
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