Alap Shah Predicts 38% Market Crash and AI-Driven Global Recession

Wall Street faced a sharp sell-off after a report from Citrini Research and Alap Shah predicted a 38% stock market crash and a global AI-driven recession.Alap Shah, the CEO of Littlebird.ai, warned that rapid white-collar layoffs would force workers into blue-collar roles and the gig economy, destabilizing the entire labor market by 2028.The researcher suggested that governments may need to tax AI profits to offset declining consumer spending and prevent a collapse of the housing and mortgage sectors.