HOLY SHIT
Anthropic Just Triggered a $285B Market Crash 😳
Bloomberg just reported that Anthropic released a new AI tool that caused:
• $285 billion wiped out across software, finance, and asset management stocks
• 6% drop in Goldman's software basket (biggest since April)
• 7% crash in financial services index
• Nasdaq down 2.4% at its worst
This is MASSIVE. The market literally panicked over an AI automation tool.
If you work in software, legal, or IT services, this changes everything.
You just don't know it yet.
On Jan 30, Anthropic quietly released 11 plugins for Claude Cowork.
Not a new model , but plugins.
But these plugins don't work inside your software.
They replace it entirely.
things like financial modeling & sales workflows, which lead to;
• RELX (LexisNexis): -14%
• Infosys: -7%
• TCS: -6%
• Wolters Kluwer: -13%
Wall Street is calling it the "SaaSpocalypse."
Because for the first time, a foundation model company didn't just build the AI.
They built the application layer too.
Anthropic isn't selling APIs anymore.
They're owning entire workflows.
Why pay $50K/year for legal software when Claude does it for $20/month?
Why hire 500 IT consultants when one AI agent works 24/7?
& the scary part?
This is just 11 plugins in a research preview.
Imagine what's coming next.
If your company's value prop is "we automate X"...
You're now competing with Claude.
And Claude costs 1% of what you do.
You're either building with AI, or getting replaced by it.
No middle ground anymore.
@dualentry has raised a $90M Series A from @lightspeedvp, @khoslaventures and @GVteam, bringing our total funding to $100M to date.
18 months ago, we decided to build the ERP that makes sense for today.
AI already changed Sales, Engineering, and Legal. With DualEntry, CFOs finally have the modern ERP they deserve.
In the last 18 months we’ve:
- shipped 350+ features
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Our customers range from high-growth startups to NYSE-listed companies. They close the same day, report in real time, and achieve more with leaner teams. Since switching to DualEntry, one of our customers can run $140M ARR with just 1 controller.
Excited to keep building the ERP for the AI age 🚀
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Hats off to the team at @IntelinAir.
Their platform has been essential in helping us work through real-time data with our growers on soil and crop performance. Keep doing big things!
#agdata#sustainablefarming#agriculture
Sam and I are shocked and saddened by what the board did today.
Let us first say thank you to all the incredible people who we have worked with at OpenAI, our customers, our investors, and all of those who have been reaching out.
We too are still trying to figure out exactly what happened. Here is what we know:
- Last night, Sam got a text from Ilya asking to talk at noon Friday. Sam joined a Google Meet and the whole board, except Greg, was there. Ilya told Sam he was being fired and that the news was going out very soon.
- At 12:19pm, Greg got a text from Ilya asking for a quick call. At 12:23pm, Ilya sent a Google Meet link. Greg was told that he was being removed from the board (but was vital to the company and would retain his role) and that Sam had been fired. Around the same time, OpenAI published a blog post.
- As far as we know, the management team was made aware of this shortly after, other than Mira who found out the night prior.
The outpouring of support has been really nice; thank you, but please don’t spend any time being concerned. We will be fine. Greater things coming soon.
It's quite fashionable these days to say, "No one wants satellite imagery, they want insights."
Nah. No one wants insights, either. They want you to solve their problem. Satellite imagery powers ➡️ analytics that power ➡️ applications that ➡️solve problems.
Intelinair raises $20 million in Series B. Great milestone for our team, it is the result of many years of hard work and commitment. Proud of our team!
We are proud to announce the close of a $20 million Series B round of funding. This investment is being used to continue to expand our footprint and build our capabilities.
Read more here https://t.co/TwJ9VIbyKQ
#intelinair#agmri
Our interactive new site launched recently. Take a tour to see how AGMRI brings together technology and alerts to help you navigate challenges throughout the growing season. Visit our new website: https://t.co/E2BsIHozeu
#intelinair#agmri
@mouthofmorrison Joe, You are younger than i thiught. I was expecting your first console games to be from SEGA :) great post by the way, enjoyed reading it!
If our small minds, for some convenience, divide this universe, into parts — physics, biology, geology, astronomy, psychology, and so on — remember that nature does not know it!
Thrilled to announce @carbonmapper - a program to build a hyperspectral satellite constellation to pinpoint & track methane and CO2 emissions.
In partnership w/ @NASAJPL, @AirResources, @CAgovernor, @RockyMtnInst, @ASU, @uarizona & High Tide Foundation: https://t.co/HOuyX17iP6