Anthropic AI: Explained: What is Anthropic's AI tool that wiped $285 billion off software stocks in a single day
Analysts: 'SaaSpocalypse' wiped out $285 billion!
Thomson Reuters, RELX, LegalZoom stocks PLUMMETED!
Favuzza: 'Get-me-out style selling!'
Jefferies: OpenAI losing corporate market to Anthropic!
Goldman Sachs basket saw worst single-day decline!
Jefferies: AI helping vs. AI replacing software companies.
That's the full story.
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Why this matters
The AI developer, known for its Claude chatbot, released 11 open-source plugins for its Claude Cowork tool on Friday, January 30. The narrative used to be that AI helps software companies. Blue Owl Capital Corp fell 13%, marking a record ninth consecutive decline.Anthropic isn't the only player in legal AI. Startups like Harvey AI (valued at $5 billion) and Legora ($1.8 billion valuation) have been developing tools for years. Enterprise software companies typically spend quarters on such release
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