In an era of vibe-coding, words still have some meaning. Or at least, they do when they’re harbingers of doom, foretelling a world of mass unemployment and economic ruin. Just over a week ago, a Substack essay by the investment research firm Citrini Research went viral on social media, sparking a market plunge based on its prediction of near-term, AI-spurred financial collapse.
Citrini was far from the only voice prophesying such a pessimistic future. As Allie recently wrote about, public markets have been spooked for weeks by the so-called SaaS-pocalypse, where valuable software companies like Salesforce, Adobe, and Workday see their moats eroded by AI agents. And even beyond the individual companies themselves, there are well-founded concerns that private equity funds have become over-indexed in flimsy software stakes that could trigger a wider collapse.
