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Amid software fears, Anthropic CEO says: ‘We’re not here to destroy anyone’

Anthropic's CEO assures investors that AI will not dismantle enterprise software companies. He views AI expansion as a positive, collaborative evolution for the technology sector. Wall Street experienced sell-offs after an AI announcement, but software firms have recovered. Salesforce reported strong growth and client retention, deepening its AI integration. Concerns persist regarding data…

Amid software fears, Anthropic CEO says: ‘We’re not here to destroy anyone’

Anthropic CEO Dario Amodei sought to calm Wall Street worries, stating that his cutting-edge AI firm has no intent to dismantle conventional enterprise software businesses. Addressing worries that generative AI tools could render traditional Software-as-a-Service (SaaS) models obsolete, Amodei stressed that the company sees AI expansion as a mutually beneficial, cooperative advancement across the tech industry."We aren't aiming to destroy anyone.

We see this as a positive-sum situation," Amodei stated, alongside Salesforce CEO Marc Benioff on CNBC.The AI sector's uncertainties reached a peak in late January, following Anthropic's release of plugins for Claude Cowork, an announcement that triggered widespread sell-offs known as the "SaaSpocalypse," wiping out about $1 trillion in market value across the software industry in a single week.

Despite this, legacy software firms have shown a robust recovery. Salesforce, for instance, posted its second-best daily trading day in corporate history last week, following only its rapid growth during the COVID-19 pandemic. The company announced a deeper integration with Anthropic, named "Claudeforce" internally.The integration was met with a strong response.

During Salesforce's latest quarterly earnings call, Benioff refuted market skeptics, pointing out that despite analysts predicting seat reductions and customer churn, Salesforce experienced year-over-year growth across Slack, Services, and Agentforce Sales, while customer attrition reached near-record lows. Amodei described the partnership as a synergistic blend, where both companies leverage each other's technologies to deliver value beyond the combined total of their individual contributions.

Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at timesofindia.indiatimes.com →

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