Overview
- An online memo by Citrini Research billed as a scenario, not a prediction, went viral and coincided with a sharp selloff that erased roughly $700 billion in value and saw the Dow drop about 800 points.
- India’s AI Impact Summit drew global leaders and reported investment pledges in the $200–$250 billion range, with early agentic rollouts such as Pine Labs’ OpenAI-enabled payments and Cashfree’s conversational checkout.
- Policy voices in India proposed concrete governance for autonomous economic agents, including registration of objective functions, machine‑readable audit logs, adversarial stress tests, expiry on delegated authority, and interoperability standards.
- India’s Supreme Court flagged fabricated citations in AI-drafted petitions as police and researchers reported rising deepfake and voice-cloning fraud, underscoring low public AI literacy and escalating consumer harm.
- Senior figures like Raghuram Rajan, Narayana Murthy, and Aditya Puri cautioned against doomsday narratives, urging rapid reskilling and adaptation even as other AI leaders cite high exposure for tasks and entry-level jobs.