Legalzoom.com
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Why did the new tool from Anthropic, which crushed software stocks on Tuesday, have such a powerful impact?
Wallstreetcn·- A regular update in the AI sector caused significant turmoil in the legal software market, with stocks plummeting over 15% following the release of Anthropic's legal plugin for its Claude Cowork AI. - The massive sell-off, particularly affecting legal and data service technology stocks, resulted in a total market value loss of approximately $285 billion across software, financial services, and asset management sectors. - As AI technology continues to advance, investor confidence in the legal publishing industry is likely to be further undermined.