Bridge Water Fund: Artificial intelligence is posing a survival impact on traditional established software companies

On April 28, Bridgewater Fund, the world's largest hedge fund, released a report on Monday, comparing the current situation with the industry changes in the 1990s. Established software companies are now facing similar survival threats. The report said: "With the official launch of the new ClaudeCode model, emerging competitors in the industry have brought a survival crisis to leading companies, just like Amazon's impact on Barnes and Noble Bookstore back then." Since the beginning of this year, the S & P 500 software and services index has fallen by about 17%. (East News Agency)