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Stock impact report

Anthropic's AI Tools Rattle Software Stocks, Prompt Rethink of Sector Valuations [Yahoo! Finance]

Omnicom Group Inc. (OMC) 
Last omnicom group inc. earnings: 4/28 06:25 am Check Earnings Report
US:NYSE Investor Relations: investor.omnicomgroup.com
Company Research Source: Yahoo! Finance
Thomson Reuters sank 18%, Pearson fell 7%, and LegalZoom dropped nearly 20%, as the selloff spread across software, financial services, and asset management stocks, erasing roughly $285 billion in market value, Bloomberg reported. The panic began after Anthropic announced 11 open-source plugins for Claude Cowork on January 30, but focused on one in particular. That included a legal plugin, which automates contract review, NDA triage, and compliance workflows. In a nutshell, it does the grunt work that keeps thousands of paralegals and junior associates employed. The panic wasn't just about one plugin doing document review—it was about what the component represents: foundation model companies beginning to build full-fledged workflow products, willing to take on the enterprise software industry directly. "The market's response was a signal, not that AI agents will immediately replace these businesses, but that investors are finally pricing in the structural risk that foundation Show less Read more
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