Why Anthropic's latest AI tool is hammering legal-software stocks [Business Insider]
Thomson Reuters Corp - Common Shares (TRI)
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Source: Business Insider
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Anthropic's AI plugin has caused investors to flee legal-software stocks. The maker of the Claude AI chatbot unveiled new tools that can track compliance and review legal docs. Investors have been highly sensitive to disruption from AI agents. A recent update from Anthropic has sparked a rush for the exits in a corner of the tech sector. The AI juggernaut recently rolled out a new plugin for its Claude Cowork AI agent that can perform several clerical tasks, including tracking compliance and reviewing legal documents. As far as AI updates go, it didn't make much of a splash outside the legal space when it was rolled out last Friday. However, it has triggered a sell-off among software and publishing stocks with ties to the legal industry. Here were the big movers on Tuesday: Wolters Kluwer NV RELX PLC LegalZoom.com Thomson Reuter
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