Anthropic's new AI tools deepen selloff in data analytics and software stocks, investors say


FILE PHOTO: Artificial Intelligence words are seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

NEW YORK/LONDON, ‌Feb 3 (Reuters) - A significant selloff among U.S. and European data analytics, professional services and software companies deepened on Tuesday, with some investors pointing ‌to a recently updated artificial intelligence chatbot by Anthropic as the main culprit.

AI developer Anthropic launched plug-ins for its Claude Cowork agent ‌on Friday that would automate tasks across legal, sales, marketing and data analysis. That move has sparked worries of an impending AI-fueled disruption of the data and professional services industry, which were once seen as major beneficiaries of the AI era, according to traders and analysts.

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