Single Tweet Wiped Off $15B, Millions Of Jobs In Risk!
The level of damage that artificial intelligence is doing to the human workforce in the software industry is becoming a major concern these days.;
The level of damage that artificial intelligence is doing to the human workforce in the software industry is becoming a major concern these days. Now we have an interesting development in this regard and let us have a look into the same.
A single viral tweet about Claude AI created panic in the stock market and reportedly wiped out more than 15 billion dollars from cybersecurity companies in just hours. Investors reacted quickly, fearing that advanced AI tools could replace traditional security services.
Claude AI is developed by Anthropic. The tweet suggested that AI systems like Claude are becoming powerful enough to handle threat detection, vulnerability scanning, and even automated defense without needing large cybersecurity teams. This triggered fears that many existing security firms could lose business in the future.
As a result, shares of major companies fell sharply. CrowdStrike dropped nearly 8 percent. Cloudflare also fell around 8 percent. Palo Alto Networks saw a smaller decline, while Zscaler lost over 5 percent.
However, it is important to understand that stock market losses do not mean companies lost actual cash overnight. The drop reflects changing investor confidence and short term fear. Markets often overreact to new technology news.
While AI is transforming cybersecurity, experts say it is more likely to assist companies rather than completely replace them. Human expertise, strategy, and oversight are still critical in protecting organizations from complex cyber threats.