Cognizant ai chief has one word for trillion dollar wipeout in stock market triggered by anthropic39s claude ai tools.jpg

Cognizant AI chief has one word for trillion-dollar wipeout in stock market triggered by Anthropic’s Claude AI tools

Image credit: X (Twitter) Cognizant‘s chief AI officer, Babak Hodjat, has described concerns that artificial intelligence will disrupt IT services companies as “overblown.” This comes after Anthropic’s Claude AI tools wiped out more than a trillion dollars from the stock market. Speaking to Reuters, Hodjat said enterprises still require significant support to deploy, integrate, and…

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Crypto market wipeout: Digital assets erase nearly all 2025 gains after early-October record high

The global cryptocurrency market has lost significant ground after reaching a record high earlier this month, with traders pulling back amid fears of deeper losses.At its October 6 peak, the total market capitalisation of all cryptocurrencies hit nearly $4.4 trillion. However, a 20% slump since then has erased most of this year’s gains, leaving the…

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