India, Feb. 5 -- One of the world's hottest AI startups, Anthropic, stunned global technology markets with its latest AI launch, triggering sharp sell-offs across US, European and Indian tech stocks on February 4. In a single trading session, nearly $285 Bn was wiped off from the combined market capitalisation of software, legal tech, enterprise SaaS and financial services companies.

To put that in perspective, the figure is roughly equivalent to the entire estimated revenue of India's IT industry in FY2025, estimated at $283 Bn. This underscores the sheer scale of the market reaction.

What Did Anthropic Launch And Why Did It Spook Markets?

Claude-maker Anthropic introduced 11 plugins to its AI tool called Claude Cowork on January 30 t...