Indian tech stocks slump as Anthropic's AI tool raises global staffing concerns

Core Viewpoint - Shares of Indian IT exporters fell by 6% on Wednesday, influenced by declines in global software stocks and concerns over AI-driven disruption in the data and professional services industry following the launch of new tools by AI developer Anthropic [1] Group 1 - Indian IT exporters experienced a significant drop in share prices, reflecting broader market trends in the software sector [1] - The decline was triggered by the introduction of new AI tools by Anthropic, raising fears about potential disruptions in the industry [1] - The market reaction indicates heightened sensitivity to advancements in AI technology and its implications for traditional data and professional services [1]