<div id="readability-page-1" class="page">Data: Financial Modeling Prep; Chart: Axios Visuals AI is here — and this week, investors lost over $400 billion to the realization that entire industries are on the cusp of being replaced. Why it matters: The software-industry selloff, sparked by Anthropic's latest release, is ultimately just a baby step in a bigger transformation that may reshape how we all live and work. It's also the first tangible verdict on what happens when AI starts...</div>

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<p>This week, investors lost over $400 billion as the realization dawned that AI could replace entire industries. The selloff in the software sector, triggered by Anthropic's latest release, marks the beginning of a significant transformation that may alter our daily lives and work. This event serves as a preliminary indication of the impact AI will have moving forward.</p>

- Investors lost over $400 billion this week due to concerns that entire industries may soon be replaced by AI technology.  
- This selloff in the software industry was prompted by Anthropic's latest release and signifies an early stage in a larger transformation.  
- The situation highlights the significant impact of AI advancements on the way people live and work.

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AI wiped out $400 billion this week — and it's only getting started