Who’s On the Other Side of the Big AI Selloff?
Dario Amodei, co-founder and chief executive officer of Anthropic. There must be some corporate winners from AI’s rise.
Photographer: Bloomberg
Sell first, ask questions later. That was the stock market’s response to last week’s new artificial-intelligence tools that challenge the software, legal data and media industries. But bargain hunters seeking victims of indiscriminate selling may need patience waiting for a recovery. Corporate beneficiaries on the other side of the trade — businesses that actually use AI to improve how they operate — could be the more lucrative opportunity.
Investors have been nervous for months about AI’s potential to threaten long-standing business models by giving customers a cheaper, or free, means of doing things they currently pay for. The threat became tangible last week when AI firm Anthropic PBC released add-ons enabling lawyers to use its Claude chatbot for reviewing contracts and other tasks without needing coding skills.