Shares of companies such as S&P Global, MSCI, Intercontinental Exchange, London Stock Exchange Group, and FactSet Research all tumbled this week after fast-growing artificial-intelligence startup Anthropic unveiled a new suite of tools for automating legal tasks… the losses highlighted the expanding threat of AI-driven disruption for financial services and the white-collar professionals who work in the sector.
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AI threatens a wall street cash cow: financial and legal data
The market has cast a very broad net as to which companies can be exposed to AI risk,” said UBS analyst Michael Werner. “You don’t have to be in the crosshairs of this particular AI risk. You can be in the periphery.
