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Anthropic's AI legal tool just triggered a $285B market rout.

The Claude maker launched an AI plugin that automates legal work — contract reviews, NDA triage, compliance workflows, and legal briefings.

• Pearson shares fell 8%, Relx plunged 14%
• Thomson Reuters crashed 18% in one day
• Goldman Sachs software basket sank 6%
• Total market impact: $285 billion wiped out

How it happened:
• Started as OpenAI spinoff in 2021 (Dario Amodei + team)
• Built Claude with safety-first approach
• Developed enterprise plugin architecture
• Launched legal automation without fanfare
• Triggered immediate institutional panic

The takeaway: When your AI tool wipes out $285B in market cap in one day, you've built something that fundamentally threatens entire industries.

https://www.bloomberg.com/news/articles/2026-02-03/legal-software-stocks-plunge-as-anthropic-releases-new-ai-tool

#startups #AI
Bloomberg.com Anthropic AI Tool Sparks Selloff From Software to Broader Market A new AI automation tool from Anthropic PBC sparked a $285 billion rout in stocks across the software, financial services and asset management sectors on Tuesday as investors raced to dump shares with even the slightest exposure.
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