OpenAI has claimed its artificial intelligence programs will be able to supersede some of the world’s biggest software companies, including Sydney-founded Atlassian.
US tech news website The Information reported executives from the company behind ChatGPT gave a presentation to potential investors last week, and claims they will replace software sold by Atlassian, Workday, Adobe, Slack, and Salesforce.
Shares in Nasdaq-listed Atlassian have slumped 20 per cent since OpenAI made its claims, extending a horror 12 months that wiped 76 per cent, or $US36.4 billion ($51b), off its valuation.
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On the S&P/ASX 200 a historic rout in tech stocks extended on Tuesday on worries about disruption linked to AI, with the S&P/ASX 200 Tech Index plunging 3.6 per cent to take its loss over the past month to 23.7 per cent.
The tech wreck saw software bellwethers WiseTech and Xero lose 3.9 per cent and 4.6 per cent respectively on Tuesday.
