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Shares of U.S. software and data services companies were mixed on Thursday after a painful sell-off earlier this week that was triggered by fears that rapidly advancing artificial intelligence tools could upend the sector.Intuit rose 0.6%, while ServiceNow, Salesforce and Microsoft each fell about 2.6%, in contrast to sharp declines earlier in the week. The […]
The software sector was rocked overnight by what analysts are calling a ‘SaaSpocalypse’ – a sudden and severe sell-off caused by new artificial intelligence tools unveiled by US AI startup Anthropic. This episode has heightened investor fears that AI will no longer just help software companies, but may now replace them. So, first: what exactly […]
