{"id":78059,"date":"2026-02-06T03:27:48","date_gmt":"2026-02-06T06:27:48","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/889888285"},"modified":"2026-02-06T03:27:48","modified_gmt":"2026-02-06T06:27:48","slug":"tech-giants-hit-back-as-ai-fears-wipe-9b-off-asx-in-five-days","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/06\/tech-giants-hit-back-as-ai-fears-wipe-9b-off-asx-in-five-days\/","title":{"rendered":"Tech giants hit back as AI fears wipe $9b off ASX in five days"},"content":{"rendered":"<div><img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" 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https:\/\/i2.wp.com\/static.ffx.io\/images\/$zoom_0.2648%2C$multiply_3%2C$ratio_1.777778%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/c_scale%2Cw_800%2Cq_88%2Cf_jpg\/t_afr_no_label_no_age_social_wm\/0c568475ad65175b53ce9ee03dd55f0ace244ccc?ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i2.wp.com\/static.ffx.io\/images\/$zoom_0.2648%2C$multiply_3%2C$ratio_1.777778%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/c_scale%2Cw_800%2Cq_88%2Cf_jpg\/t_afr_no_label_no_age_social_wm\/0c568475ad65175b53ce9ee03dd55f0ace244ccc?ssl=1&w=1600&resize=1600&ssl=1 1600w\" fifu-data-src=\"https:\/\/i2.wp.com\/static.ffx.io\/images\/$zoom_0.2648%2C$multiply_3%2C$ratio_1.777778%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/c_scale%2Cw_800%2Cq_88%2Cf_jpg\/t_afr_no_label_no_age_social_wm\/0c568475ad65175b53ce9ee03dd55f0ace244ccc?ssl=1\" class=\"ff-og-image-inserted\"><\/div>\n<div class=\"b661c1fd082d4a03-breadcrumbAndPrint\">{&#8220;@context&#8221;:&#8221;https:\/\/schema.org&#8221;,&#8221;@type&#8221;:&#8221;BreadcrumbList&#8221;,&#8221;itemListElement&#8221;:[{&#8220;@type&#8221;:&#8221;ListItem&#8221;,&#8221;item&#8221;:{&#8220;@id&#8221;:&#8221;https:\/\/www.afr.com\/technology&#8221;,&#8221;name&#8221;:&#8221;Technology&#8221;},&#8221;position&#8221;:1}]}<\/div>\n<header class=\"ffc8ee63da785b43-header\"><\/header>\n<section class=\"ffc8ee63da785b43-articleBylineToolsWrapper\">\n<section class=\"ffc8ee63da785b43-articleMetadata\">\n<div class=\"_9763c3afadc077d4-timestamp\" data-testid=\"ArticleTimestamp\"><time data-testid=\"ArticleTimestamp-time\">Feb 6, 2026 \u2013 5.17pm<\/time><\/div>\n<\/section>\n<\/section>\n<div class=\"b661c1fd082d4a03-articleBodyShort b661c1fd082d4a03-articleBodyTop\">\n<div class=\"b661c1fd082d4a03-articleBody\" id=\"endOfArticle\">\n<p>The country\u2019s largest technology companies, from Atlassian to real estate listings giant REA, have been forced to reassure investors that sophisticated artificial intelligence will not pose an existential threat to the industry, after a week of turmoil that wiped billions of dollars from the market.<\/p>\n<p>Worries that increasingly complex AI tools could replicate many of the services offered by software giants and consumer-facing tech businesses \u2013 leading to $8.8 billion being erased from the industry on the ASX \u2013 is already spreading to other sectors, weighing on private credit stocks and casting a pall across cryptocurrency markets and even uranium producers.<\/p>\n<div class=\"_6627110095b95397-ellipsis\">Loading&#8230;<\/p>\n<figure><\/figure>\n<figure><\/figure>\n<figure><\/figure>\n<figure><\/figure>\n<\/div>\n<\/div>\n<div class=\"_909196a9180b3d4e-authorCard\">\n<div class=\"_909196a9180b3d4e-wrapper\"><span class=\"_909196a9180b3d4e-authorBio\" data-testid=\"AuthorCard\"><span><strong><a class=\"_909196a9180b3d4e-authorLink\" data-testid=\"AuthorURL\" href=\"https:\/\/www.afr.com\/by\/tess-bennett-p4yw9c\" rel=\"author\">Tess Bennett<\/a><\/strong> is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work &amp; careers reporter. Message Tess on Signal: @tessbennett.02.<\/span><span class=\"_315aa853e9bf318d-authorSocial _909196a9180b3d4e-social\" data-testid=\"Author-Social\"><span> <!-- -->Connect with <!-- -->Tess<!-- --> on <a class=\"_315aa853e9bf318d-twitter\" href=\"https:\/\/twitter.com\/@TessBennett?lang=en\" rel=\"noopener noreferrer\" target=\"_blank\">Twitter<\/a>.<\/span><span> <!-- -->Email <!-- -->Tess<!-- --> at <a class=\"_315aa853e9bf318d-email\" href=\"mailto:tess.bennett@afr.com\">tess.bennett@afr.com<\/a><\/span><\/span><\/span><\/div>\n<\/div>\n<div class=\"f4b0b08bd3d24217-articleFooter\" data-testid=\"ArticleFooter\">\n<div class=\"f4b0b08bd3d24217-articleTools\">\n<div class=\"f059654aefde12b1-wrapper\" data-testid=\"ArticleGiftArticle\">\n<div class>\n<div class=\"d6475070fa5e1d14-body\">\n<div class=\"d6475070fa5e1d14-modalWrapper d6475070fa5e1d14-closeActionTriggered d6475070fa5e1d14-notLoggedIn\">\n<p class=\"d6475070fa5e1d14-title\" data-testid=\"Modal-title\">Subscribe to gift this article<\/p>\n<p class=\"d6475070fa5e1d14-giftDescription d6475070fa5e1d14-noMaxWidth\" data-testid=\"Modal-description\"><span>Gift 5 articles to anyone you choose each month when you subscribe.<\/span><\/p>\n<p><a data-testid=\"Modal-subscribe-button\" href=\"https:\/\/subscribe.afr.com\/?promote_channel=HI_AGFT_GNL_GIFTCTA&amp;utm_source=ArticleGifting&amp;utm_medium=HouseInventory&amp;utm_campaign=General&amp;utm_content=GiftCTA\" class=\"d6475070fa5e1d14-subscribeButton\">Subscribe now<\/a><\/p>\n<p class=\"d6475070fa5e1d14-subscribeSubtext\">Already a subscriber?<!-- --> <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"_35cc66cc07c9e6a0-aside\"><\/aside>\n<div>\n<div>\n<div class=\"_3a81179943a6166f-wrapper\">\n<div class=\"_3a81179943a6166f-latest _0d67e72df918f431-wrapper\">\n<header class=\"_0d67e72df918f431-header\" data-testid=\"ContentUnitHeading-header\">\n<h2 class=\"_0d67e72df918f431-heading\" data-pb-type=\"hi\" data-testid=\"ContentUnitHeading-heading\"><span>Latest In Technology<\/span><\/h2>\n<\/header>\n<div class=\"_0d67e72df918f431-body\">\n<p>Fetching latest articles<\/p>\n<\/div>\n<\/div>\n<div class=\"_3a81179943a6166f-mostViewed\">\n<div>\n<section class=\"_8d35bb9e84374322-wrapper\" data-contentunit-id=\"0\">\n<header class=\"_8d35bb9e84374322-header\" data-testid=\"ContentUnitHeading-header\">\n<h2 class=\"_8d35bb9e84374322-heading\" data-pb-type=\"hi\" data-testid=\"ContentUnitHeading-heading\"><span>Most Viewed In Technology<\/span><\/h2>\n<\/header>\n<ol class=\"_8d35bb9e84374322-stories\"><\/ol>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\"> <\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\"> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The country\u00e2\u0080\u0099s largest <span class=\"match\">technology<\/span> companies, from Atlassian to real &#8230; software giants and consumer-facing <span class=\"match\">tech<\/span> businesses \u00e2\u0080\u0093 leading to $8.8 &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-78059","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/78059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=78059"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/78059\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=78059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=78059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=78059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}