Anthropic said it is developing new tools with its partners, called “plug-ins,” that can help with investment banking, wealth management and HR functions, including deal reviews, portfolio analysis and creating new-hire content that reflects the brand’s tone and policies.
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On 24 February 2026, 10:03 PM IST
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Shares of its partners, including LSEG, FactSet, Salesforce’s Slack and DocuSign, rose between 0.4% and 5.3%.
The S&P 500 software and services index also gained 1.4% and the iShares Expanded Tech-Software Sector ETF gained 2.4%.
The software index hit a 10-month low on Monday after Citrini Research presented a 2028 scenario where unemployment rises to 10.2% due to layoffs as AI rapidly drives out software and delivery applications.
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“Software stocks and IGV in particular have been selling off big. So any additional news we get about further disruptions is like reaching a point where there’s already some price,” said Dennis Dick, chief market strategist at Stock Trader Network.
“Some of these disruptions are not imminent and a lot of these are probably years away. The market is telling us now.”
A week of selling earlier this month wiped out about $1 trillion in market value on Wall Street in what analysts called ‘software-mageddon’ and hurt sectors from software to logistics companies on both sides of the Atlantic and in India.
Anthropic said on Monday that its cloud code tool could be used to modernize the programming language that runs on IBM systems, prompting the biggest daily drop in the legacy company’s shares in more than 25 years. IBM shares were up 3.5% on Tuesday.
Tax-preparation software Intuit rose 2.8% and AI-solutions provider Intapp gained 7.1% on Tuesday after the companies announced a separate partnership with Anthropic.
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