An illustration of the Anthropic logo on Aug. 1, 2025. Riccardo Milani/Hans Lucas via AFP via Getty Images
Claude, a large language model (LLM) and chatbot developed by Anthropic, is emerging as a disruptive technology reshaping established production processes across multiple sectors, sending shockwaves from Main Street to Wall Street.
On Jan. 30, Anthropic released an artificial intelligence legal tool—designed for tasks across legal, sales, marketing, and data analysis—as part of its Claude Cowork plugins. The launch triggered a widespread selloff in enterprise software stocks earlier this week, wiping out nearly $1 trillion in market value as investors worried AI could pose an existential threat to these traditional software businesses.
