New AI tools tank software stocks | Information Age
Shares in numerous software companies have dropped after artificial intelligence firm Anthropic released new agentic AI tools, leaving some investors worried about the future of traditional software-as-a-service (SaaS) firms. The S&P 500 software and services index lost around 8 per cent of its value last week, and has shed around $US1 trillion ($1.4 trillion) since…
