Selloff wipes out nearly $1 trillion from software and services stocks as investors debate AI’s existential threat
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By Chibuike Oguh, Danilo Masoni and Medha Singh Feb 4 (Reuters) - Investors were assessing on Wednesday whether a selloff in global software stocks this week had gone too far, as they weighed if businesses could survive an existential threat posed by a...

The latest selloff was triggered by a new legal tool from Anthropic’s Claude large language model (LLM).

The tool – a plug-in for Claude’s agent for tasks across legal, sales, marketing and data analysis – underscored the push by LLMs into the so-called “application layer,” where these firms ‌are increasingly muscling into lucrative enterprise businesses for revenue they need to fund massive investments. If ‌successful, investors worry, it could wreak havoc across a range of industries, from finance to law and coding.

  • XLE@piefed.socialEnglish
    36·
    1 month ago

    Broke: AI will cause an existential threat to humanity (because it’s powerful)

    Woke: AI will cause an existential threat to its own industry (because it’s worthless)