Infosys, TCS and other IT stocks bleed after Anthropic’s new AI tool – Check share price
Mumbai:
Shares of Indian IT companies are under pressure following a significant selloff in tech stocks in global markets. Stocks of companies such as Infosys, Tech Mahindra, Wipro, HCL Tech, and Coforge fell amid heightened concerns following the launch of new tools by AI developer Anthropic. Anthropic has launched plug-ins for its Claude Cowork agent ,which is aimed at automating tasks across legal, sales, marketing and data analysis functions. Earlier, American depository receipts (ADRs) of companies such as Infosys plunged 5.56 per cent overnight to USD 17.32. Similarly, Wipro ADRs fell 4.83 per cent to USD 2.56.ย