"Official denial": White House economist claims that Citrini's AI risk report is nothing but "science fiction".

Pierre Yared, acting chairman of the White House Council of Economic Advisers, dismissed the recent Citrini Research report that has roiled the stock market as "science fiction", stating that it violates basic economic principles. The current Trump administration advocates for "full throttle" investment in the field of artificial intelligence and ensuring America's international leadership position. Officials liken the current AI investment boom to the internet and personal computer boom of the 1990s. Treasury Secretary Scott Benett has emphasized multiple times that modern economic history shows that increasing investment inevitably leads to increased employment, and AI is no exception. The report fictionalizes a world in 2028 where the rapid progress of AI significantly increases productivity but leads to mass displacement of labor, consumption collapse, and a sharp decline in indices such as the S&P 500.