Anthropic's legal AI tools severely impact software stocks, Kingdee drops 14%, Meitu falls by 10%
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The new legal AI tool launched by the AI startup Anthropic has triggered a significant drop in software stocks, with Kingdee International's share price falling by 14%. This tool automates contract review and legal documentation work, increasing competition in the industry. The market value of U.S. software, financial services, and asset management stocks has evaporated by approximately $285 billion, and the iShares Technology Software ETF has declined for the sixth consecutive day. Analysts point out that this year is a watershed moment for AI winners and losers, and investors need to be cautious
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