One CEO's Blog Post About AI Replacing Every Office Job Went Mega-Viral and Now Wall Street Is Panicking
Software stocks crashed after an AI investor wrote that anyone who works at a computer is about to be replaced.
A single blog post from an AI CEO and investor named Matt Shumer went so viral this week that it literally moved the stock market. Software company stocks plummeted right after it started circulating.
What did he say that was so explosive? Basically this: if your job involves sitting in front of a computer, AI is coming for it. Not in ten years. Now.
Shumer wrote about how he tells AI to build entire apps from scratch. Not just writing a few lines of code, but designing the user experience, figuring out the flow, and writing tens of thousands of lines of code. All from a single prompt.
The timing made it even worse. Anthropic (the company behind Claude AI) had just released a new tool that customizes AI specifically for industries like law and finance. That one-two punch sent software stocks tumbling.
But here's the thing nobody's talking about: most people are using the free version of AI, which is basically a fancy search engine. The paid versions with AI agents that actually do work for you? Only about 3% of users have access. So there's a massive gap between what AI can actually do right now and what most people think it can do.
As reported by CP24/CNN.
Source: CP24
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