D-Day: The alarm bells are ringing louder and louder on Wall Street

Since the launch of OpenAI’s ChatGPT more than three years ago, much of the focus has been on artificial intelligence’s potential to cause disruption without much thought or action being taken about those who might be disrupted. That changed last week.

The tremors that gripped the U.S. stock market last week were sparked by the release of new tools for Anthropic’s Claude AI chatbot, designed to automate a range of tasks across a range of service industries, particularly legal and data services.

They were immediately seen as an existential threat to software companies, particularly “software as a service” companies, and stocks were seen as vulnerable…