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The AI apocalypse has claimed its first victim. At least that's what investors appear to think.

The share prices of a swath of high-tech software firms have collapsed this month,

as the rapidly increasing sophistication of language models like Anthropics Claude

raised the dark possibility that a single company's helpful digital assistant will be able to replace many other tools.

Demolishing nearly $1 trillion of market value in six days, the list of individual losers includes many former high flyers.

Big company automation provider service now has crashed 30% year to date.

Salesforce, the kingpin of inscrutable enterprise software giants, is down 27%

and Photoshop maker Adobe has slumped 20%.

It's a grim harbiger of future shocks still to come from the companies building large language models.

Alphabet, Amazon.com, meta platforms and Microsoft pledge roughly $700 billion on improving chatbots even further.

As bad as that is for the companies at risk,

it might be even worse for the buyout shops stuffing them with leverage and for the broader

corporate world. What might happen next is the subject of this week's Views Room. It's

...