OpenAI's new release turns a bad week ugly for software stocks
OpenAI CEO Sam Altman.Anna Moneymaker/Getty ImagesOpenAI'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 customers, sof
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