AI risk is dominating conference calls as investors dump stocks

In what's turning out to be a great quarter for corporate earnings growth, company executives and investors alike are focused on something else entirely: the threat from artificial intelligence. Mentions of AI disruption on management calls almost doubled compared to the previous quarter, an analysis of transcripts shows. While the technology hasn't yet noticeably reduced earnings estimates, investors aren't waiting around and instead are selling any company perceived to be at risk. Last week, commercial real estate company CBRE Group published better-than-expected earnings. In a call with analysts following the results, its chief executive officer said it's possible AI will reduce demand for office space in the long term. The comments sparked a 20% selloff in the stock over two days.