By Tess Bennett
Publication Date: 2026-04-10 02:03:00
Sydney-based software giant Atlassian’s value has fallen to $15.5 billion ($21.9 billion) after a new product release from Anthropic stoked fears that artificial intelligence giants will disrupt software companies faster than expected.
Shares of Atlassian were trading at $153 in early January but have fallen more than 60 percent so far this year amid concerns that the rise of AI-powered coding tools will lead to fewer software developers using the company’s products and that the software could be easily cloned by users with little technical knowledge.
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