RELX, LSEG, and Experian Shares Drop After Anthropic Launches New AI Tool
Shares of major UK data publishers fell sharply after Anthropic, a US artificial intelligence company, announced a new AI tool designed for corporate legal teams.
RELX, which owns the legal research platform LexisNexis, saw its shares drop by 12%. London Stock Exchange Group's shares declined by 8.1%, while Experian's shares fell by 7.4%.
Investors appear concerned that advanced AI tools, such as the one launched by Anthropic, could increase competition for companies that provide information and analytics services to businesses.
Investors are worried that new AI tools might compete with or disrupt the services offered by these data and analytics companies.
Anthropic's new tool is designed to assist corporate legal teams by automating tasks using artificial intelligence.
RELX, London Stock Exchange Group, and Experian experienced the largest share price drops.
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