Global software stocks hit by Anthropic wake-up call on AI disruption [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
Anthropic's new legal artificial intelligence model served a fresh reminder of the threat to those companies whose business models are seen as most vulnerable to potential AI disruption. Shares in London Stock Exchange Group fell another 6 per cent, extending Tuesday's near 13-per-cent drop. Indian IT exporters also fell sharply, while Japanese software and systems developers NEC, Nomura Research and Fujitsu slid between 7 per cent and 11 per cent, dragging the Nikkei benchmark index ?lower overnight. The selloff comes ?against a backdrop of heightened concern that a tech bubble could burst, posing financial ?stability risks. JP Morgan analyst Toby Ogg said investors' main concerns centered ?on longer-term growth assumptions, issues that extend well beyond standard three-year forecast horizons. “The ?sector isn't just guilty until proven innocent but is now being sentenced before trial,” he said. “Our sense ?from investor discussions is that general appetite to step in rem
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