P.01EditorPickAI Integration/Industry News··6 min read
Anthropic's AI Legal Tool Triggers $285 Billion 'SaaSpocalypse' — What Happened and What It Means
Anthropic launched an AI legal plugin for Claude Cowork and software stocks crashed. Thomson Reuters dropped 6.5%, RELX fell 9.6%, and traders called it the 'SaaSpocalypse.' Here's why one product announcement wiped out hundreds of billions in market value.
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