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As Software Stocks Slump, Investors Debate AI's Existential Threat

Slashdot.org - Wed, 02/04/2026 - 13:09
Investors were assessing on Wednesday whether a selloff in global software stocks this week had gone too far, as they weighed if businesses could survive an existential threat posed by AI. The answer: It's unclear and will lead to volatility. From a report: After a broad selloff on Tuesday that saw the S&P 500 software and services index fall nearly 4%, the sector slipped another 1% on Wednesday. While software stocks have been under pressure in recent months as AI has gone from being a tailwind for many of these companies to investors worrying about the disruption it will cause to some sectors, the latest selloff was triggered by a new legal tool from Anthropic's Claude large language model (LLM). The tool - a plug-in for Claude's agent for tasks across legal, sales, marketing and data analysis - underscored the push by LLMs into the so-called "application layer," where these firms are increasingly muscling into lucrative enterprise businesses for revenue they need to fund massive investments. If successful, investors worry, it could wreak havoc across a range of industries, from finance to law and coding.

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The latest AI news we announced in JanuaryThe latest AI news we announced in January

GoogleBlog - Wed, 02/04/2026 - 11:55
Google AI announcements from JanuaryGoogle AI announcements from January
Categories: Technology

Anthropic Pledges To Keep Claude Ad-free, Calls AI Conversations a 'Space To Think'

Slashdot.org - Wed, 02/04/2026 - 11:00
Anthropic said today that its AI assistant Claude will not carry advertising of any kind -- no sponsored links next to conversations, no advertiser influence on the model's responses, and no unsolicited third-party product placements -- calling Claude a "space to think" that should remain free of commercial interruption. The announcement comes days after Anthropic's chief rival, OpenAI, announced plans to bring ads to some of its ChatGPT offerings. Anthropic said its internal analysis of Claude conversations found that a significant share involve sensitive or deeply personal topics. An advertising-based model would also create incentives to optimize for engagement and time spent rather than usefulness, Anthropic said, noting that the most helpful AI interaction might be a short one that doesn't prompt further conversation. Anthropic generates revenue from enterprise contracts and paid subscriptions. The company said it is exploring agentic commerce -- Claude handling a purchase or booking on a user's behalf -- but stressed that all such interactions should be user-initiated, not advertiser-driven. Anthropic has also brought AI tools to educators in over 60 countries and said it may consider lower-cost subscription tiers and regional pricing.

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Pinterest Sacks Workers For Creating Tool To Track Layoffs

Slashdot.org - Wed, 02/04/2026 - 10:01
Pinterest has sacked two engineers for tracking which workers lost their jobs in a recent round of layoffs. BBC: The company recently announced job cuts, with chief executive Bill Ready stating in an email he was "doubling down on an AI-forward approach," according to an employee who posted some of the memo on LinkedIn. Pinterest told investors the move would impact about 15% of the workforce, or roughly 700 roles, without saying which teams or workers were affected. But then "two engineers wrote custom scripts improperly accessing confidential company information to identify the locations and names of all dismissed employees and then shared it more broadly," a company spokesperson told the BBC. "This was a clear violation of Pinterest policy and of their former colleagues' privacy," the spokesperson added. The script written by the Pinterest engineers was aimed at internal tools used at the company for employees to communicate, according to a person familiar with the firings who asked not to be identified. The person said the script created an alert for which employee names within a tool like the team communication platform Slack were being removed or deactivated, giving some insight into who at the company was impacted by the layoffs.

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