US EditionGlobal software stocks hit by Anthropic wake-up call on AI disruption
Anthropic’s AI legal tools automate tasks that underpin billable-hour models, causing sharp declines in software and data stocks globally, including a 16% drop in Thomson Reuters shares.
- Yesterday, a deep sell-off hit US and European software, data and professional-services stocks as Anthropic rolled out agentic AI plug-ins for Claude Cowork, dragging global markets lower.
- Anthropic's Cowork plug-ins automate contract review, NDA triage and briefings, threatening the billable-hour model and worrying investors in legal-data and professional services firms.
- RELX, which owns LexisNexis, slid roughly 14% as legal-data names were hammered, while U.S. software and cloud companies also fell, extending the sell-off across regions.
- That contagion raised questions about cloud demand and the outlook for hyperscalers as the sell-off spread into advertising, credit and other sectors amid repricing of AI disruption risks.
- Looking ahead to earnings, analysts say results could reshape investor views as Thomson Reuters is set to report its fourth-quarter results on Feb 5, adding near-term pressure.
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Software companies have been overflying the stock market for years. Now AI is threatening their business model.
UPDATE 1-Global Software Stocks Hit by Anthropic Wake-up Call on AI ...
US stock futures point to flat start for Wall Street after Anthropic AI-led tech selloff
The latest selloff in tech stocks was sparked by Anthropic after it said it was launching a new artificial intelligence (AI) tool servicing legal work, threatening software firms.
AI fears spark brutal selloff in legal, data and software stocks
Anthropic introduced plug-ins for Claude Cowork agent that could automate tasks across legal, sales, marketing, and data analysis. The latest launch has sparked concerns about a looming AI-fuelled disruption in the data and professional services industry.
Anthropic's new AI tools deepen selloff in data analytics and software stocks, investors say
A significant selloff among U.S. and European data analytics, professional services and software companies deepened on Tuesday, with some investors pointing to a recently updated artificial intelligence chatbot by Anthropic
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