Don’t freak out: AI isn’t causing a jobs-pocalypse. At least, not yet - News Summed Up

Don’t freak out: AI isn’t causing a jobs-pocalypse. At least, not yet


Some jobs, especially low-level coding, do seem to be under pressure as AI bots get better at mimicking human-generated software. Which isn’t to say AI won’t replace some jobs. The 7,000-word essay from Citrini claimed at the outset to be different from the “AI doomer fan-fiction” that’s become popular. Citadel Securities’ Frank Flight wrote a forceful rebuttal Tuesday of the Citrini report, arguing that current data simply doesn’t show AI adoption happening fast enough to meaningfully displace workers. “The argument leans heavily on narrative and emotion rather than hard evidence,” wrote Deutsche Bank’s Jim Reid of the Citrini report.


Source: Egypt Independent March 02, 2026 15:36 UTC



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