The reason was the disruption caused by Anthropic AI, which released new "agentic" AI tools. Commenting on the issue of economic impact, co-founder of AI company AI & Beyond, Jaspreet Bindra, said that India's IT industry, employing around 1% of the population, contributes significantly to the country's GDP. Under the third scenario, the macroeconomic consequences caused by AI disruption could be worse than those of the 2008 global financial crisis. Is AI coming big timeAmerica's leading AI safety and research company, Anthropic, is known for developing the Claude family of large language models (LLMs). Firstly, effective social safety nets combined with reskilling programs for affected workers will be critical to achieve an inclusive AI transition.

Source: News 24 February 28, 2026 10:13 UTC