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Recent events indicate that the internal AI security efforts of model developers and enterprises may not be enough to control the new cybersecurity risks posed by these frontier models. 80% of chief information security officers (CISOs) surveyed by Boston Consulting Group ranked emerging AI-powered attacks as a critical or serious issue.

Investors yanked $700 million from the top software ETF in a single session, and within hours a major earnings report threatened to make that timing look catastrophic.

Earlier this year, a fear psychosis had gripped investors that advances in AI would replace software firms, and the sector was all but written off. Anthropic's launch of new plugins for its Claude Cowork system in February sparked a global selloff in software firms, with the US markets alone losing $300 billion in market value in a day.

August was a good month for tech stocks, especially software companies that had slumped earlier in the year.

The AI trade is entering a new phase. After years of infrastructure spending, the focus is shifting toward software that can turn computing power into revenue and productivity.