Shares of some software companies experienced a sharp decline this week after Anthropic, an artificial intelligence company, unveiled new plugins for its AI-powered workplace assistant, Claude Cowork. The tool, designed to author documents and organize files, is seen by some investors as a potential replacement for widely-used enterprise software, according to ABC News.
The selloff followed the release of plugins on Friday that allow customers to adapt Claude Cowork for specific sectors like legal, finance, and data marketing. Thomson Reuters, a data and services firm, and legal-tech company Legalzoom.com both saw their stock prices fall by more than 15% on Tuesday, ABC News reported.
Meanwhile, in the technology sector, the CEO of OpenAI, Sam Altman, faced criticism for his reaction to Anthropic's planned Super Bowl advertisements. BBC Technology reported that Altman launched a lengthy attack on X, accusing Anthropic of being "dishonest" and "deceptive" for criticizing commercials being introduced to ChatGPT. In a 420-word post, Altman accused Anthropic of using "doublespeak." Commenters on social media likened Altman's post to "the digital equivalent of a toddler throwing a tantrum," according to BBC Technology.
In Canada, Prime Minister Mark Carney announced a plan to invest billions in incentives and tax breaks for the auto industry, aiming to transform Canada into a global leader in electric vehicles, according to the New York Times. Carney stated the policies were designed to make Canada's economy less reliant on a single trade partner, following trade disputes with the United States. "We must take care of ourselves," Carney told reporters at an auto parts factory near Toronto. "We cannot control what others do," the New York Times reported. Canada's auto industry employs approximately 125,000 workers and is closely linked to the United States.
In other news, Congress has effectively ended a special visa program for Afghans who worked with the American government during the war with the Taliban, the New York Times reported. The program had been frozen last year by then-President Trump after an Afghan national, who had fought in a paramilitary group linked to the C.I.A., shot two National Guard members in Washington, D.C.
In the United Kingdom, UK Research and Innovation (UKRI), the public body responsible for allocating £8 billion of taxpayer money to research and innovation, is facing "hard decisions" due to government directives, according to BBC Technology. Ian Chapman, the head of UKRI, stated in an open letter that the organization had been instructed to "focus and do fewer things better," which he said "will result in negative outcomes for some." The changes represent a major reorganization of how Britain's scientific research and innovation is prioritized and funded, and have angered many in the research community, BBC Technology reported. Chapman indicated that the changes have not yet been finalized but are expected to be fully implemented soon.
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