Feb 14 โ€ข 23:22 UTC ๐Ÿ‡ช๐Ÿ‡ธ Spain El Mundo

The apocalypse of 'software'

AI company Anthropic's new model threatens to disrupt the software industry, leading to massive job losses and a decline in software company stock values.

Anthropic, an AI company known for its ethical approach, has announced the release of its Claude Opus 4.6 model and Cowork agent, which can generate code at unprecedented speeds. This advancement has resulted in a staggering loss of $300 billion in stock values among software companies, with industry giants like SAP, Salesforce, and even Microsoft feeling the impact. The fear is that many of the services these companies offer could become available for free, diminishing their revenue streams and viability in the market.

Bloomberg has referred to this transformation as "Saaspocalypse," highlighting the catastrophic effect on the Software as a Service (SaaS) sector. The implications of this rapid technological shift raise pressing questions about the future of software development jobs, as many roles may become obsolete. Investors are increasingly wary, expecting that tasks previously reliant on skilled programmers could now be executed by non-technical users through voice commands, further complicating the market landscape.

As the industry grapples with these changes, the article points out the existential threat posed not just to individual jobs but to the very structure of the software service economy. The advent of such powerful AI tools could redefine labor dynamics, necessitating swift adaptations from both companies and employees to survive in this rapidly evolving tech environment.

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