OpenAI's New 'Presence' Release Triggers Software Stock Selloff

OpenAI's new release turns a bad week ugly for software stocks

OpenAI CEO Sam Altman. Anna Moneymaker/Getty Images OpenAI'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 cus...