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AI & Enterprise

AI fears spread, software and information services firms hit in stock market selloff

The Nasdaq Composite ended down 1.4 percent and the S&P 500 fell 0.8 percent on Feb. 3. Concerns grew that Anthropic’s Claude Cowork platform could automate legal work and pressure existing software companies. Information and legal data platforms posted steep losses, and a JPMorgan software index slid, deepening its year-to-date decline. Private equity firms with software exposure also fell. Transport and consumer staples rose.

Crypto

Nevada court orders temporary shutdown of Polymarket

A Nevada court ordered blockchain-based prediction market Polymarket to stop operating temporarily, Cointelegraph reported on Monday. The move is tied to claims Polymarket tried to sidestep state gambling regulation. The court said the Nevada Gaming Control Board can issue a 14-day temporary restraining order. Polymarket argued the matter falls under the U.S. Commodity Futures Trading Commission, but the court said the state can apply its own gambling laws.

AI & Enterprise

Intel steps up GPU push, hires new chief architect

Intel has hired a new chief architect to expand in the graphics processing unit market, CNBC reported on Monday. CEO Lip-Bu Tan announced the hire at the Sys AI Summit and said the company had to persuade the new recruit, but did not disclose further details. Intel has been strengthening its GPU business for AI infrastructure and data centres as Nvidia and AMD lead the market for large language model development.