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Axios
Axios
Business

AI wiped out $400 billion this week — and it's only getting started

Anthropic Axios
Data: Financial Modeling Prep; Chart: Axios Visuals

AI is here — and this week, investors lost over $400 billion to the realization that entire industries are on the cusp of being replaced.

Why it matters: The software-industry selloff, sparked by Anthropic's latest release, is ultimately just a baby step in a bigger transformation that may reshape how we all live and work.

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