US EditionAI concerns pummel European software stocks
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2 Articles
AI concerns pummel European software stocks
LONDON, Feb 3 : A sell-off in European software, data analytics and advertising companies accelerated on Tuesday, as updated artificial intelligence models raised fresh doubts about whether incumbent firms can defend their business models, underscoring the technology's disruptive threat to sectors once viewed as AI
Market Consensus Nicolás López (Singular Bank) The main European indices closed with slight decreases led by the technological sector. The fear of disruption of AI over certain sectors remains present in the markets. Data analysis providers like Wolter Kluwer and RELX, or Media like Publicis record cuts of around 10% after Anthropic presented an AI tool to automate legal work internally in companies. This fear has been spread to other software …
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