Anthropic crashed the market by $285 billion.
The company released an update for Claude - 11 new plugins.
It seems like a usual thing, this happens with software, but this time the market reacted harshly.
In just a couple of days, 285 billion dollars of capitalization evaporated from the software, finance and consulting sectors. Indices, which were considered a "quiet haven" for years, went down: the basket of Goldman Sachs software showed the worst fall since April, and the shares of giants like Infosys or LexisNexis lost from 6 to 14 percent of their value.
Why are investors so scared?
Previously, AI companies produced auxiliary tools for software. But this update COMPLETELY REPLACES SOFTWARE.
Wall Street has already given this phenomenon a name - "SaaSpocalypse" (SaaS-apocalypse).
The logic of investors is simple and merciless: why should a company pay $50,000 an hour for a complex legal platform or hire an army of consultants if an AI agent does the same work for $20 a month? And he does it around the clock and tirelessly.
We are witnessing a historical moment: the creators of fundamental models cease to be mere suppliers of technologies. They begin to take over our working processes. Financial modeling, legal analysis, IT consulting - all this can now be done by "Claude" himself, without intermediaries.
And these are only 11 plugins. What will happen next is even scary to imagine.