February 5, 2026

Anthropics

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Techs sell-off on Dalal Street as Anthropic’s AI-app takes on Indian IT majors’ business

contact@dailyupdatesindia.com01 mins

MUMBAI: A tech sell-off on Dalal Street on Wednesday—that came on the back of Anthropic’s launch of a new AI-led app that could potentially challenge existing business models of Indian software exporters—wiped off about Rs 1.75 lakh crore worth of market value. The sharp slide in sector leaders like TCS, Infosys and Wipro, also left…

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Explained: What is Anthropic’s AI tool that wiped $285 billion off software stocks in a single day

contact@dailyupdatesindia.com04 mins

A swift market reaction, dubbed ‘SaaSpocalypse,’ saw software stocks plummet by $285 billion after Anthropic’s AI assistant, Claude Cowork, launched new plugins. The legal workflow automation plugin, in particular, triggered a selloff in legal tech and broader software sectors. Analysts now fear AI platforms are becoming direct competitors to existing software providers. Anthropic’s newly launched…

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