One of America’s biggest investors, Jim Cramer, has this ‘joker message’ for those saying Anthropic code can do software jobs – The Times of India
Jim Cramer, one of America’s biggest investors recently questioned the use of artificial intelligence (AI) tools in high stake jobs, saying he remains unconvinced that major law firms can fully rely on AI. Sharing a post on X (formerly Twitter), Cramer wrote: “I know AI will get better but can someone tell me one major law firm that would rely on this stuff for a real, paying client and still be able to sleep at night?”. Referring to Anthropic’s AI model, he said relying on AI in critical legal matters would require a level of certainty that he believes is not yet guaranteed. “Can i trust all of that great Anthropic code? I guess i can; guessing’s for jokers where I’m from,” he wrote.
Concerns over AI triggered stock sell off
His comments come amid growing adoption of AI tools across industries. Last month, Anthropic launched Claude Cowork – an agentic AI assistant that can read files, organise folders, draft documents and carry out multi-step tasks with user consent. Soon after its launch, the company released 11 open-source plugins for Claude Cowork that triggered what analysts then called a ‘SaaSpocalypse’—a brutal selloff that wiped out roughly $300 billion from software, legal tech and financial services stocks in a single trading session.The 11 plugins enable companies to tailor Claude for doing specific job functions by specifying how work should be done, which tools and data to pull from, and what workflows to automate. Anthropic open-sourced 11 starter plugins covering productivity, sales, marketing, finance, data analysis, customer support, product management and biology research.
‘Everything software is suspect’: Jim Cramer
Commenting on the IT stock sell off then, Cramer said that the Wall Street has decided that “everything software must be thrown away, anything remotely connected to software is suspect, including companies that just collect data”. “But any client — a bank, a consumer-packaged goods company, an industrial company — is golden, at least for now,” he added.