Egan-Jones says AI disruption will hit professional services, venture capital and housing first, and sees a broad economic overhaul as virtually assured. According to BeInCrypto, the US credit rating firm’s Oct. 1 report, titled “It’s Over,” was aimed at institutional investors and risk managers, and noted that credit analysts did not write it.

The report cites KPMG’s push for Grant Thornton UK to share AI savings, IBM’s 13% Feb. 23 drop, and housing data showing prices lagging inflation as sellers outnumber buyers.