Today, Claude "Sentenced" Software Stocks?
Anthropic to showcase new Claude AI features today after AI panic triggers software stock selloff. Will Claude Code disrupt mainframe modernization? Live event at 9:30 AM ET.
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AI startup Anthropic will hold an online livestream event at 9:30 AM Eastern Time on Tuesday to showcase the latest features of its AI assistant Claude and announce new products.
The timing of this livestream is particularly noteworthy. Just on Monday, fears over the disruptive impact of artificial intelligence hammered the U.S. stock market, with the Dow Jones Industrial Average plunging more than 800 points and the tech-heavy Nasdaq Composite falling 1.1%.
A hypothetical research report from Citrini Research acted as a catalyst for Monday’s market sentiment. The report elaborates in detail on the potential risks that AI technology poses to employment and the threats that tech companies could bring to various sectors of the global economy. It hypothesizes that by 2028, AI will trigger massive white-collar unemployment, declining consumer spending, defaults on software-related loans, and economic contraction.
