White House Economist Calls Citrini AI Report ‘Science Fiction’

Acting Chair of the White House Council of Economic Advisers Pierre Yared

Photographer: Graeme Sloan/Bloomberg

A top White House economist dubbed the weekend report about artificial intelligence risks that had roiled the stock market “science fiction.”

The paper from Citrini Research imagines a 2028 world in which rapid advances in machine intelligence turbocharge productivity but render large swaths of human labor obsolete — sparking job losses, collapsing consumer spending and dragging down stock indexes like the S&P 500.