A historic divide has emerged on Wall Street as software stocks suffer their worst monthly decline since 2008, pitting technical analysts betting on a massive recovery against fundamentalists who fear the industry's business model is facing an existential threat from artificial intelligence (AI).The ‘SaaSpocalypse’ SelloffThe software sector has shifted from a state of bearishness to “doomsday” sentiment. Jeffrey Favuzza of Jefferies' equity trading desk told Bloomberg, "We call it the ‘SaaSpocalypse,' an a ...

So, first, what exactly is this new tool?Anthropic has expanded its enterprise AI platform, Claude Cowork, by launching 11 new plugins aimed at automating a wide range of professional tasks. Anthropic has said that the tool does not provide legal advice and that all AI-generated outputs must be reviewed by licensed attorneys. Even so, the breadth of automation signals a step change in how much white-collar work AI systems can now perform.Also read: Why is it worrying for tech companies?At the heart of the m ...