this post was submitted on 04 Feb 2026
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67
As software stocks slump, investors debate AI’s existential threat (kfgo.com)
submitted 10 hours ago by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world
3 comments fedilink hide all child comments
 

The latest selloff was triggered by a new legal tool from Anthropic’s Claude large language model (LLM).

The tool – a plug-in for Claude’s agent for tasks across legal, sales, marketing and data analysis – underscored the push by LLMs into the so-called “application layer,” where these firms ‌are increasingly muscling into lucrative enterprise businesses for revenue they need to fund massive investments. If ‌successful, investors worry, it could wreak havoc across a range of industries, from finance to law and coding.

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[–] XLE@piefed.social 23 points 9 hours ago

Broke: AI will cause an existential threat to humanity (because it's powerful)

Woke: AI will cause an existential threat to its own industry (because it's worthless)

[–] vane@lemmy.world 13 points 8 hours ago* (last edited 8 hours ago) (1 children)

Ah yes "experts" from JPMorgan, they are part of $6.5B position in AI debt.

OpenAI
Oct 07, 2024
$4B
Conventional Debt
Wells Fargo, UBS, Sumitomo Mitsui Banking Corporation, Santander, Morgan Stanley, JPMorgan Chase, HSBC, Goldman Sachs, Citi

Anthropic
May 16, 2025
$2.5B
Conventional Debt
JPMorgan Chase, Citi Ventures, Goldman Sachs, Barclays, RBC Royal Bank, MUFG, Morgan Stanley

[–] whotookkarl@lemmy.dbzer0.com 4 points 8 hours ago

It is curious how business articles never quote labor leaders or people with a larger interest in the commons/public domain than private equity and capital.