Software stocks in Europe fall on concerns over AI pitfalls

Software Stocks in Europe Fall on Concerns Over AI Pitfalls

Software stocks in Europe fall on concerns over AI pitfalls

Software stocks in Europe fell sharply on Tuesday, with heavyweight SAP sliding more than 6% amid concerns over the risks that artificial intelligence could pose to this part of the technology sector.

Software Shares Slide Amid Investor Concerns About AI Coding Tools

Investors’ concerns that artificial intelligence tools could enable faster and cheaper software development have reportedly driven a selloff that has impacted the world’s largest software businesses. [contact-form-7] Monday.com saw a 30% drop Tuesday (Aug. 13), SAP saw a 7.1% drop, and Salesforce and Workday saw a slide Monday (Aug. 12), Bloomberg reported Tuesday. Smaller companies like Sage Group and Dassault Systemes also saw decline…