In the business world, shares of major Indian IT companies fell after Anthropic — the American AI company behind Claude — released new models with significantly increased efficiency. The Hindu reported that analysts see the advancing capabilities of AI systems as a growing threat to the revenue streams of traditional IT services firms, which have long relied on labor-intensive software development and maintenance contracts. The episode marked yet another signal that AI is beginning to reshape global technology markets in tangible, financially measurable ways.
AI Shakes Markets: Claude’s New Model Rattles IT Giants
