Tech & AI
Anthropic launches office tools for Claude as software stocks slide
Anthropic gave its Claude assistant new spreadsheet, whiteboard, and dashboard tools. ServiceNow fell 3.1% as software stocks slid on fears that AI may undercut established software makers.
Quick Read
- Anthropic launched Claude Sheets, Claude Whiteboards, and Claude Data, letting its assistant draft spreadsheets and dashboards with coworkers.
- ServiceNow shares dropped with other software stocks on fears that AI tools may undercut established software makers.
- ServiceNow launched AI-driven control monitoring the same day, and its stock still fell.
- Anthropic said Claude Meetings, a tool that joins calls to take notes, is coming soon.
What did Anthropic launch?
Anthropic launched Claude Sheets, Claude Whiteboards, and Claude Data on Tuesday. The company said its assistant can now draft spreadsheets, boards, and dashboards alongside coworkers. The goal, Anthropic wrote, is to "bring that magic to every team."
Why it matters: In Claude Sheets, a person and the assistant share one spreadsheet and edit formulas across tabs. Claude Whiteboards gives a meeting a digital canvas, and Claude sums up the conclusions afterward. Claude Data, formerly called Dashboards, pulls from tools such as Snowflake and Salesforce to build charts, dashboards, and short narrated videos.
Anthropic said Claude Meetings, which joins calls and takes notes, is coming soon. Adobe and Atlassian apps can now run inside Claude. Salesforce, NetSuite, and Workday added plugins, with Salesforce and Workday still in beta testing.
Why did ServiceNow shares fall?
ServiceNow shares dropped 3.1% on Tuesday. They ended at $99.61, and the company lost $3.3 billion in market value.
The selling spread across software. The technology sector fund (XLK) slid 1.2%. The launch may revive the "SaaSpocalypse" worry: that AI tools could undercut companies selling software as a subscription service. Those worries have weighed on the industry recently. ServiceNow sits 42.6% below its 52-week high of $173.50.
For a broad fund, the hit was small. ServiceNow accounts for 0.12% of the value of the 500 largest U.S. companies, so its drop took $4 from $100,000 spread across them by size.
Did ServiceNow have news of its own?
ServiceNow rolled out always-on control monitoring driven by AI agents in its Integrated Risk Management product the same day. The agents write the checks, explain test results and act when a control breaks. The stock fell anyway.
The open question is whether companies use Claude in place of existing software or alongside it. Salesforce, Workday, and Atlassian building on Claude shows partners working with Anthropic, not only competing.
For readers
What it could mean for you: If you own a technology or software fund, AI launches like this one could move it more than a broad index fund, because the fund concentrates on one industry. Further Anthropic releases, such as Claude Meetings, could revive the same worry about software makers. Partners such as Salesforce and Workday building plugins for Claude may soften it, if customers treat Claude as an add-on rather than a replacement.
Questions and answers
What is Claude Sheets?
Claude Sheets is an Anthropic tool in which a person and the Claude assistant share a spreadsheet and edit formulas across tabs. It launched alongside Claude Whiteboards and Claude Data.
Why did ServiceNow stock fall?
ServiceNow fell as enterprise software stocks slid after Anthropic launched new Claude office tools. The launch may revive fears that AI tools could undercut established software companies.
What is the SaaSpocalypse?
It is shorthand for fears that AI tools could undercut established companies that sell software as a subscription service. Those worries have weighed on the software industry recently.
The numbers
| SERVICENOW (NOW) price | $99.61 |
|---|---|
| SERVICENOW (NOW) change | −3.07% |
| SERVICENOW (NOW) market value | $100 billion |
| SERVICENOW (NOW) 52-week high | $173.50 |
| S&P 500 change | −0.38% |
| 10-year Treasury yield | 4.98% |
Tuesday’s close
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Not investment advice.
