IBM

It’s not every day that a single product launch wipes out tens of billions of dollars in market capitalization across an entire sector. But that’s exactly what happened last week when Anthropic unleashed Claude Code Security on the world. IBM tanked 13.2% on Monday — its worst single-day drop in 25 years. CrowdStrike shed over 11%. Cloudflare fell 8%. Okta cratered 9.2%. JFrog lost nearly a quarter of its value. Nassim Taleb is warning of bankruptcies. Analysts are furiously rewriting their models. And the phrase “the Anthropic Effect” has entered the financial lexicon as shorthand for what happens when AI doesn’t just compete with an industry — it threatens to make it irrelevant. ...

Remember your first real job? The one where you learned what “per my last email” actually means, made terrible PowerPoints, and slowly figured out how organizations work? AI is coming for that job. And the consequences run deeper than anyone’s admitting. The Data Is Brutal A Stanford Institute for Economic Policy Research study found that workers aged 22 to 25 in AI-exposed occupations saw a 16% relative employment decline compared to peers in less exposed fields like nursing or construction. The hardest-hit roles: software engineering, customer service, financial analysis, content creation — the exact white-collar starter jobs an entire generation was told to pursue. ...