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IT stocks slip as Anthropic unveils new AI tool
Indian IT stocks weakened after Anthropic’s AI launch raised disruption concerns.
Shares of major Indian IT companies such as Infosys, TCS, and HCL Tech came under pressure after Anthropic launched a new artificial intelligence tool. Investors grew cautious over the pace of generative AI adoption and its potential to disrupt traditional IT services and pricing models. Analysts said faster automation and rising competition could impact long-term revenue visibility for large Indian IT firms.