To read today’s news, you’d think it was the shot heard ’round the world — or around the legal tech world, at least.
“Legal software companies have suffered sharp declines in their share prices,” reports The Guardian. “Anthropic’s Move Into Legal, Data Services Sinks Software Stocks,” says Bloomberg. “A selloff in … stocks deepened on Tuesday after new artificial intelligence models raised concerns over the potential impact on sectors once seen as AI beneficiaries,” Reuters reports.
The catalyst of this market panic is a rather simple plugin launched last week on Github by Anthropic, the company behind the artificial intelligence platform Claude.
