The rout was triggered by an overnight meltdown in US software stocks after American AI startup Anthropic unveiled 11 new plugins designed to automate a wide range of professional tasks, reigniting fears that artificial intelligence could undermine both the profitability and competitive moats of traditional IT firms.Over the past 15 years, the worst single-day crash in the Nifty IT index was recorded on April 12, 2013, when it plunged a staggering 12%, according to ACE Equity data. The closest comparable s ...

So, first, what exactly is this new tool?Anthropic has expanded its enterprise AI platform, Claude Cowork, by launching 11 new plugins aimed at automating a wide range of professional tasks. Anthropic has said that the tool does not provide legal advice and that all AI-generated outputs must be reviewed by licensed attorneys. Even so, the breadth of automation signals a step change in how much white-collar work AI systems can now perform.Also read: Why is it worrying for tech companies?At the heart of the m ...