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Cybersecurity stocks fall as Anthropic tests powerful new AI model
Cybersecurity sector stocks have declined sharply following reports that AI company Anthropic is testing a powerful new artificial intelligence model. Investors fear that advanced AI could massively disrupt the business models of cybersecurity firms. The sector has already been struggling throughout the year amid broader concerns about AI's impact on the industry.
The cybersecurity sector has slumped this year on fears that new AI will massively disrupt their business models.