New AI Tool Pressures Indian IT Firms

Indian IT stocks took their biggest hit in years this week. The plunge was part of a global sell-off triggered by Anthropic's new artificial intelligence tool that led to abrupt fears about the power of AI to undercut the traditional IT services industry. It's also crystallized concerns about whether the legacy IT giants of the world have done enough to adopt AI or to counter its potentially disruptive influence.The stakes are high for India's more than $280 billion software services sector. Firms like Tata ...