October 5th 2026, 2:54 AM
AI Disruption Hits First: Services, VC, Housing
Key Summary
Egan-Jones, a US credit rating firm, expects AI disruption to primarily affect professional services, venture capital, and housing, with a broad economic overhaul deemed virtually assured. The report cites a 14% drop in audit fees for KPMG and a 13% decline in IBM shares, while noting that not all analysts see lasting damage. Egan-Jones also expects a short-term impact on housing, with sellers outnumbering buyers by 57.9% in August and a record US home seller surplus. The firm attributes this to households relying on two paychecks, potentially leading to a sale within six to 12 months.
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Egan-Jones Maps Where AI Disruption Hits First
Egan-Jones says AI disruption will hit services, venture capital and housing first, in a risk framework for investors.Key Findings
In a report, the credit rating agency notes that AI will have a significant impact on these sectors, with potential risks for investors.Implications
Egan-Jones advises investors to be cautious and monitor the situation closely, as AI disruption could lead to significant changes in these sectors.#AI#Disruption#Services#VentureCapital#Housing