General · 3 February 2026
European legal stocks plunge as Anthropic releases new AI tool
European legal software stocks plummeted on February 3 after Anthropic unveiled a new AI tool for the legal sector. Shares of firms like Wolters Kluwer (WKL.AS) crashed as investors reacted to the US company's market entry. The release triggered immediate sell-offs across European data services, signaling fears that generative AI will disrupt traditional publishing models.
Reported by Bloomberg · How we write briefs