Explained: How Claude Cowork Sparked a Software and IT Stock Sell-Off in India and US
The shares of publicly traded software and IT services companies in India and the US took a nosedive after Anthropic announced Claude Cowork, an artificial intelligence (AI) automation product for enterprises. As per reports, the markets in both countries came under pressure this week after new automation plug-ins for the platform were released. It is said that investors raised concerns about AI replacing the offerings of these companies.
