Software companies are reportedly seeing lower lending prices due to AI-related concerns.
As Bloomberg News reported On Saturday (January 31), investors were concerned about advances in artificial intelligence (AI), such as the ability of humans to code. antropic The Claude model makes many software products redundant.
“A storm has hit the loan market.” Scott MacklinHead of U.S. Leverage Finance at an asset management company Obra Capitalhe told Bloomberg.
“The heaviest calendar in recent months, largely driven by price changes, remains overwhelming and collides with growing existential questions about software business models as AI reshapes the biggest lending sector. Lay on top of BWIC’s unusually heavy flows.” [bids wanted in competition] If you do that, a full-fledged “Loneageddon” will be completed. ”
Software is one of the largest components of the leveraged loan market, accounting for 12% of credits in the Bloomberg U.S. Leveraged Loan Index. Among loan-backed debt, which is bonds backed by portfolios of leveraged loans, software debt has had the worst total return so far this year compared to all sectors, according to data compiled by Nomura.
Bloomberg noted that the decline in the software loan market is in sharp contrast to the rest of the leveraged loan market, where sales soared after President Donald Trump’s policy suspension. customs duty Threats against Greenland. Leveraged loan sales set a new weekly record in Europe.
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Anthropic last week new plugin Cowork, an AI collaborator, allows users to tailor Claude to a specific job role. For example, a sales plugin can connect Claude to your customer relationship management (CRM) system and knowledge base, teach you your sales process, and provide commands for prospecting, sales follow-up, and other tasks.
In other AI news, PYMNTS revealed last week that most Interact with conversational AI Through a single dominant platform and a diminishing set of mobile assistants formed by operating system defaults.
According to a PYMNTS Intelligence study, among consumers who used a dedicated AI platform for at least one task, 83% used OpenAI’s ChatGPT. In comparison, 48% reported using it. google gemini30% said they used Microsoft co-pilot.
” Gap is important PYMNTS says, “ChatGPT reaches most consumers at the point of first interaction, while Gemini and Copilot reach a smaller subset. Most users appear to start with one platform and stop there, rather than trying several comparable tools.”
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