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Global software stocks hit by Anthropic wake-up call on AI disruption

Global software stocks hit by Anthropic wake-up call on AI disruption

(Fixes garble in lead)

By Danilo Masoni

MILAN, Feb 4 (Reuters) – A deep selloff in global software stocks entered a second day on Wednesday, reflecting growing concerns about how advances in artificial intelligence might ​impact these companies’ livelihoods.

European data analytics, professional services and software stocks fell further, following declines in shares ‌in rivals around the world, after Anthropic’s new legal artificial intelligence model served a fresh reminder of the threat to those companies whose ‌business models are seen as most vulnerable to potential AI disruption.

On Wednesday, Britain’s RELX and the Netherlands’ Wolters Kluwer, which both provide analytics services to the legal industry,…

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