IT Sector Bloodbath: The chaos of AI was visible in the domestic stock market today. Amid growing concerns over the impact of AI (Artificial Intelligence), the market of the country’s top IT companies declined by more than ₹ 2 lakh crore due to this shock. There was already concern in the IT sector due to AI, but Anthropic increased it further by launching new workplace productivity and automation tools. Due to this, the market cap of the country’s largest software exporter TCS (Tata Consultancy Services) decreased by about ₹ 70,480 crore, while the value of Infosys also decreased by more than ₹ 54000 crore. HCLTech suffered a loss of about ₹ 26800 crore, while the market cap of Tech Mahindra and Wipro declined by ₹ 10.5 thousand crore.
There is chaos in the American market also
Anthropic PBC’s new AI automation tool has created a stir not only in India but across the world. Due to this, ₹ 28.5 thousand crores were wiped out in the fall of software, financial services and asset management stocks on Tuesday. Investors who saw the stocks being threatened by AI immediately started withdrawing their money. Goldman Sachs’ basket of software stocks in the US fell 6%, the biggest one-day decline since being hit by tariffs in April 2025. An index tracking financial services companies fell nearly 7%, while the Nasdaq 100 index slipped 2.4% intra-day. According to traders, the reason for this uproar is an update released on Anthropic’s website.
What has Anthropic updated?
Anthropic has added an automation layer to its enterprise AI assistant that can handle the entire business workflow. This has raised concerns among investors about whether traditional software-as-a-service (SaaS) will remain as relevant in the future when AI tools start performing complex tasks on their own. Another concern among investors is that AI-enabled automation could reduce demand for outsourced business processes and enterprise software customization. Through the new launch, Anthropic is now going head-to-head with legal AI startups like Harvey AI and Legora. What’s special, however, is that unlike most competitors, it develops its own AI models, giving it deeper control over automation and enabling faster deployment into enterprise workflows.
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