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.
It is curious how business articles never quote labor leaders or people with a larger interest in the commons/public domain than private equity and capital.