AI disruption fears rattle stocks

Group 1 - Brokerages are experiencing underperformance due to fears of AI disruption, similar to software companies [1][3] - An AI startup CEO, Matt Schumer, claims that AI can complete technical tasks without human intervention, suggesting a shift in workforce requirements [2][3] - The launch of an AI tax planning tool by startup Altruist has negatively impacted wealth management stocks, indicating a rapid collapse of the gap between AI potential and current capabilities [4][6] Group 2 - The evolution of AI has progressed from chatbots to autonomous agents capable of writing, testing, and deploying code independently [5] - Major AI companies are in a competitive race, with significant advancements being made, as seen with OpenAI and Anthropic releasing models simultaneously [5] - Job cuts are occurring in software companies like Salesforce and Workday, reflecting the disruptive impact of AI on the workforce [6][7]