Anthropic AI tool sparks selloff from software to broader market

https://archive.li/VyN2H

I came across this company called OpenEvidence. They seem to be offering semantic search on medical research. Founded in 2021.

How could it possibly keep up with LLM based search?

If it turns out that AI isn't much more productive, it could also turn out that people still believe it is, and therefore don't value software companies.

If that happens, some software companies will struggle to find funding and collapse, and people who might consider starting a software company will do something else, too.

Ultimately that could mean less competition for the same pot of money.

I wonder.

I'm not really understanding why Thomson Reuters is at direct risk from AI. Providing good data streams will still be very valuable?

Could this lead to more software products, more competition, and more software engineers employed at more companies?

Can this really be a kind of herding stampede behavior over Cowork? It’s been out several days now and just all the sudden today, all the traders suddenly got it into their little herd animal heads that everyone should rush to the exists… after that equally sketchy silver and gold rug pull type action last week?

Something seems quite off. Am I the only one?

Paypal fell 20% today.