00:00It's Benzinga bringing Wall Street to Main Street.
00:02Investors sold software stocks on Tuesday as concerns grew that new advances in artificial
00:07intelligence could weaken the competitive advantages of established software companies,
00:12according to The Wall Street Journal. Investors focused on Anthropik on Tuesday morning after
00:17it announced new legal tools for its co-work assistant designed to automate drafting and
00:22research tasks. Shares of Thomson Reuters, LegalZoom, and London Stock Exchange all fell
00:27more than 12 percent. By afternoon trading, the sell-off spread across the broader software
00:32market, with PayPal, Expedia Group, EPM Systems, Equifax, and Intuit all falling more than 10 percent.
00:40The Nasdaq fell 1.4 percent, the S&P 500 dropped 0.8 percent, and the Dow Jones Industrial Average
00:47slipped about 0.3 percent. Five of the S&P 500's 11 sectors closed higher.
00:54For all things money, visit Benzinga.com.
00:57For all things money, visit Benzinga.com.
00:59Through all things money.
01:00For all things money, visit Benzinga.com
01:06Free houses money, visit Benzinga.com.
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