Global software stocks hit by Anthropic wake-up call on AI disruption [Yahoo! Finance]
RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) (RELX)
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Source: Yahoo! Finance
spread to Asia, fuelled by mounting worries that advances in artificial intelligence could upend companies' business ?models. European data analytics, professional services and software stocks fell for a second day in volatile trade, mirroring losses in ?global peers, after Anthropic's new legal artificial intelligence model underscored the threat to businesses seen as most exposed to AI disruption. Britain's RELX and the Netherlands' Wolters ?Kluwer - major providers of analytics to the legal industry - dropped about 3% in morning trade before paring some losses, after plunging more than 14% and 12% respectively on Tuesday. Shares of U.S. software and services firms were mixed in premarket trading after a near 13% slide over five straight sessions. Nasdaq-listed Thomson Reuters, the parent company of Reuters News, was flat in light volume after Tuesday's record 16% slump on ?fears that AI could threaten its core legal ?division. London Stock Exchange Group slid as much as 6.9
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