AXIOS (Madison Mills) - AI wiped out $400 billion this week — and it's only getting started
Data: Financial Modeling Prep ; Chart: Axios Visuals AI is here — and this week, investors lost over $400 billion to the realization that entire industries are on the cusp of being replaced. Why it matters: The software-industry selloff, sparked by Anthropic's latest release, is ultimately just a baby step in a bigger transformation that may reshape how we all live and work. - It's also the first tangible verdict on what happens when AI starts eating entire categories of work, well before the long-feared white-collar bloodbath even really begins. Driving the news: Anthropic recently released a suite of software-killing tools — prompting investors to reconsider software companies' value, with the sector down 25% in the last week. -…