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Tesla CEO Elon Musk has now criticised rival AI company Anthropic whose recent AI updates triggered a nearly trillion-dollar selloff in enterprise software stocks and accused its models of being ‘misanthropic and evil’. The comments made by Musk came in response to Anthropic’s announcement on social media platform X (formerly known as twitter) that it…
India’s technology sector faced a major selloff on Thursday as the Nifty IT index dropped over 4 per cent to a four-month low. Top IT companies like TCS, Infosys, and Wipro lost more than 4 per cent of their value. The sector’s total market value fell by Rs 1.3 lakh crore due to fears about…
Anthropic’s co-founder, Daniela Amodei, revealed that her company prioritizes human qualities like communication and empathy over technical skills for new hires. She believes humanities will become increasingly vital as AI advances, emphasizing that “humans plus AI together actually create more meaningful work. Daniela Amodei, co-founder and president of Anthropic—the company whose recent AI updates triggered…
Amazon stock witnessed a plunge of 11% in extended trading on February 5, erasing more than $250 billion in market value after the company introduced a $200 billion capital expenditure plan for 2026. According to a report by CNBC, this was the highest plunge among the megacap tech firms, far exceeded Wall Street expectations by…
Oracle recently shared a social media post clarifying that the company’s financial relationship with OpenAI is not affected by the Nvidia-OpenAI deal. Oracle shares were trading nearly 2% higher during the day when the company shared the 26-word post. However, soon after sharing the post, its shares witnessed a sharp reversal. By the end of…
Anthropic launched Claude Opus 4.6 just days after its AI tools triggered a massive sell-off in software stocks. The new model brings agent teams, a 1 million token context window, and stronger performance in legal and financial tasks—the very areas that spooked Wall Street. Enterprise software investors are watching closely as the AI race reshapes…
Cryptogiant Bitcoin has suffered sharp losses since the beginning of 2026, tumbling over 20%. The digital currency has given up almost half of its value since October’s record peak of over $124,000, sliding to $67,000, now worth less than it was at the start of President Donald Trump’s second term. Bitcoin is often pitched as…
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…
Foreign investors sold Indian equities worth about $3 billion in January, the largest monthly outflow since August. (AI image) Stock markets saw a very sharp selloff on Tuesday, resulting in market capitalization dropping and investors’ wealth eroding by as much as Rs 9.86 lakh crore. Both Nifty50 and BSE Sensex declined by over 1%, dropping…
Reliance Industries Ltd had a weak start to 2026, losing nearly Rs 1.4 lakh crore in market capitalisation. The stock is down about 7% so far this year, dragged by concerns over exposure to Russian crude and slowing growth in organised retail. The fall comes after a strong 2025, when the Mukesh Ambani led company’s…
