Egan-Jones Says AI Will Obliterate the Economy and Squeeze Services Margins

Credit rating firm Egan-Jones said in a commentary titled "It's Over" that the latest AI models have crossed a threshold for widespread adoption, making complete economic disruption almost certain. Firms selling expertise by the hour, venture capital returns and home prices are first in line, it warned.

• Egan-Jones: complete economic disruption from AI is "all but certain"
• Firms selling expertise by the hour are first in line
• Forecast: compressed services margins, lower VC returns
• It predicts firms with few people, and some with none at all