Why one Anthropic update wiped billions off software stocks

Tech workers have been worried for years about the AI tidal wave coming for their jobs, but their bosses are starting to worry now, too. Most Read from Fast Company Stocks plunged this week as fears escalated that AI advancements will take a bite out of business for many software, data, and professional services companies. The market losses are tied to updates to Anthropic’s AI-powered workplace productivity suite, Claude Cowork, which threatens to replace some software tools ubiquitous in the professio ...