India, Feb. 6 -- Anthropic Rattles Markets

Anthropic's launch of Cowork plugins on February 4 sent markets into a tizzy. The AI release sparked a global tech sell-off, dragging down SaaS giants and India's IT bellwethers alike. So, what did Anthropic launch and why did it spook the markets?

The SaaSpocalypse: On February 4, the AI major rolled out 11 plugins for Claude Cowork, positioning it as an AI assistant that moves beyond chat to autonomously execute multi-step workplace tasks directly on a user's computer. Markets read the launch as a structural inflexion point, which triggered the stock dumping.

IT Stocks Caught In Fire: While the first shockwave hit US and European software giants like Salesforce, Adobe, SAP and ServiceNow, th...