AI ‘Roadkill’ Fears Haunt Traders Two Years After ChatGPT Debut
- Adobe earnings rekindled worries about risks from AI startups
- View of ultimate AI stock winners and losers remains murky
The ChatGPT virtual assistant logo.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
The rise of ChatGPT sparked fears about artificial intelligence roiling businesses of all kinds. Two years after the chatbot’s release, the results haven’t been nearly as cataclysmic as some investors predicted. But there’s still plenty of anxiety.
Earlier this month, Adobe Inc. shares plunged after giving a disappointing revenue forecast. The report rekindled worries that despite developing its own AI tools, the company is still at risk of losing business to startups like OpenAI and Runway AI. Shares of the maker of photo and video-editing software are now on pace for the worst month in over two years.