India’s IT stocks slumped on Wednesday, tracking a global tech sell-off after fresh fears that rapid advances in artificial intelligence could upend software business models and accelerate automation across white-collar jobs. The trigger was a new workplace automation tool unveiled by San Francisco-based AI firm Anthropic, which rattled investors worldwide. This triggered a steep sell-off in US tech stocks with ripple effects across Europe and Asia,” said Siddhartha Khemka, head of research, wealth management, Motilal Oswal Financial Services. The upgraded Claude Cowork system, an agentic AI tool from Anthropic, introduces multiple automation plugins that go far beyond simple AI assistance. Instead of merely supporting employees within existing software tools, the AI can now perform end-to-end operational processes.

Source: The Telegraph February 05, 2026 00:33 UTC