Software stocks dropped on Tuesday (Wednesday AEDT) after a report on new artificial intelligence tools from Amazon rekindled the disruption fears that have roiled the sector in the past few months. Atlassian shed 8.4 per cent.
Amazon’s cloud-computing arm, Amazon Web Services, is developing an AI agent to automate some functions for sales, business development and other groups that have been targeted in the tech giant’s sweeping job cuts, the Information reported, citing people familiar with the matter.
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Bloomberg