AI advances rattle software sector, fuel market turmoil Related news

Forumul Economic Mondial de la Davos

BERLIN Rapid advances in artificial intelligence tools are roiling global markets and raising concerns about the future of companies in the software-as-a-service (SaaS) sector, as investors react to a wave of new autonomous products. Market anxiety over what some analysts dubbed a “SaaS-pocalypse” intensified this month after a series of product releases by US firm Anthropic, contributing to steep losses in the software sector. The iShares Expanded Tech-Software Sector ETF (IGV), which tracks