Business Insider
US · 19 mins ago
OpenAI's new release turns a bad week ugly for software stocks
OpenAI CEO Sam Altman.
Anna Moneymaker/Getty Images
OpenAI's Presence release caused a software selloff, analysts say.
The AI lab is continuing its push into software that goes atop its cutting-edge models.
The IGV index sank after OpenAI's announcement, with hits to Workday, Atlassian, HubSpot, and more.
OpenAI just handed software stocks a beating with its latest push into enterprise work.
After the company revealed a new product on Wednesday meant to make AI agents more effective for…
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