US software shares decline over AI disruption concerns

Software stocks fell Thursday as Anthropic restricted its new AI model over security risks. The move fueled fears that AI could disrupt legacy software firms.

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Software shares in the United States experienced a significant sell-off on Thursday as concerns regarding artificial intelligence-driven disruption intensified. The downturn followed news that AI startup Anthropic restricted the release of its latest model, Claude Mythos, after identifying substantial cybersecurity flaws in existing software infrastructure.

An illustration of the Anthropic logo, taken on May 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
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