[Bridgewater Associates: Artificial Intelligence is Posing an Existential Threat to Traditional Legacy Software Companies] According to a report by Jinse Finance on April 28, the world's largest hedge fund, Bridgewater Associates, released a report on Monday comparing the current situation to the industry upheaval of the 1990s. Legacy software companies are now facing a similar existential threat. The report stated: 'With the official launch of the new Claude Code model, emerging industry competitors have created a survival crisis for leading companies, much like the impact Amazon had on Barnes & Noble back in the day.' So far this year, the S&P 500 Software & Services Index has fallen by approximately 17%. (Dongxin News Agency)