India, Feb. 18 -- When US-based AI company Anthropic unveiled its latest Claude model in San Francisco, shares of Indian IT majors, including Infosys, Tata Consultancy Services, HCLTech, Tech Mahindra, and Wipro, fell by as much as 6%. According to Yoshua Bengio, widely regarded as one of the "godfathers of AI" alongside Geoffrey Hinton and Yann LeCun, such shocks are not aberrations but a preview of what lies ahead.

"There's gonna be more.because those AIs are going to be used here as well, or they can be used in San Francisco and do the job that engineers here are doing, which is really bad for India," said Bengio. "Because, in general, automation, including in the case of programming, is going to decrease the value of human labour, be...