Irina Ghose at an interactive session at the AWS Summit in Bengaluru on Wednesday (April 22, 2026). Photo: Special Arrangement

Anthropic’s AI model Claude was used in the U.S. military’s operation to capture ‌former Venezuelan President Nicolas Maduro, with Claude deployed via ​Anthropic’s partnership with data firm Palantir. File.
| Photo Credit: Reuters

1. What is it about Claude’s latest release that has spooked markets and hurt Indian IT stocks?

On January 30, Anthropic released 11 open-source plugins for Claude Cowork, its AI workplace suite. Unlike conventional chatbots, Cowork functions as an autonomous digital colleague: it reads files, drafts documents, reviews contracts, and executes multi-step workflows across legal, finance, sales, and marketing—with minimal human instruction. Days later, Anthropic followed with Claude Opus 4.6, a model capable of coordinating teams of AI agents for financial research and due diligence.

The market reaction was swift and brutal. A Goldman Sachs basket of US software stocks fell 6% on Tuesday, February 3. Thomson Reuters plunged 15.8% (a record), LegalZoom sank 19.7%, and RELX dropped 14%. Nearly $285 billion in market capitalisation was erased globally. In India, the Nifty IT index fell 5.87%—its steepest fall since March 2020—wiping out nearly ₹2 lakh crore. TCS and Infosys each fell over 7% on the day; Tech Mahindra lost over 5%. For the week, the index declined 6.4%, with Infosys down 8.2% and Tech Mahindra 7.1%. The core fear: if one AI agent can do the work of teams, India’s headcount-based outsourcing model faces existential repricing.

2. What is the ‘SaaSpocalypse’ and why are SaaS companies threatened?

The term—coined by Jefferies—captures the fear that AI is replacing software, not just enhancing it. Traditional SaaS charges per user seat; when AI agents execute workflows autonomously, fewer humans need the software. As CNN reported, “Why do I need to pay for software if internal development now takes developers less time with AI?” asked Thomas Shipp of LPL Financial. Salesforce is down 26% year-to-date; the S&P 500 Software & Services Index has fallen roughly 20%.

Also Read | How SaaS platforms can help career counsellors guide students

Bank of America called this an “indiscriminate selloff” resembling the DeepSeek moment of January 2025, when China’s DeepSeek shook the assumption that AI required massive capital and Nvidia lost $589 billion in a day. That panic proved overblown. BofA argues this selloff rests on contradictory premises: AI capex collapsing while AI adoption becomes so pervasive it makes software obsolete. Yet the structural shift is real. The question is whether markets are pricing a decade of disruption into a single week.

3. What are real-world examples of AI disruption in legal, financial, and health services?

None of this should have been a surprise. The trajectory was clearly visible. In March 2023, Bloomberg released BloombergGPT, a 50-billion parameter LLM trained on 363 billion tokens of proprietary financial data—the largest domain-specific financial dataset ever assembled. Bloomberg’s CTO Shawn Edwards said it would “enable us to tackle many new types of applications” with “much higher performance out-of-the-box.” BloombergGPT proved that domain-specific AI could outperform general models on financial tasks by significant margins: sentiment analysis, entity recognition, news classification, and query automation. It was the proof of concept. Claude Cowork’s finance and legal plugins are the logical extension—taking what BloombergGPT demonstrated within one platform and making it available as an autonomous agent across any enterprise.

Also Read | Is there an AI bubble? Financial institutions sound a warning

Legal: Claude’s legal plugin—automating NDA triage, contract review, and compliance tracking—triggered the sharpest market reaction. Thomson Reuters recorded its largest single-day drop ever. LegalZoom fell nearly 20%. RELX (LexisNexis’s parent) and Wolters Kluwer each lost over 13%.

Financial: If BloombergGPT was the industry building AI for itself, Goldman Sachs embedding Anthropic is the industry letting AI run itself. Goldman disclosed a six-month partnership with Anthropic to build autonomous agents for trade accounting, compliance, and client onboarding. CIO Marco Argenti said the bank was “surprised” at Claude’s capability beyond coding—particularly in parsing regulatory documents and applying rule-based judgment. The shift from BloombergGPT (a domain model assisting analysts) to Goldman-Anthropic (autonomous agents replacing back-office processes) is the leap that spooked investors. FactSet fell 10%; S&P Global and Moody’s declined sharply.

Healthcare: Cognizant’s partnership with Palantir embeds agentic AI within its TriZetto healthcare platform—which processes over half of US medical claims—handling patient routing, claims adjudication, and supply chain tasks, with human oversight for exceptions.

Anthropic CEO Dario Amodei has warned AI could displace half of entry-level white-collar jobs within 1–5 years. Salesforce’s Marc Benioff has said the company will not hire additional engineers or lawyers because of AI.

4. How are Indian companies addressing this disruption, and how should they?

Indian IT firms are investing, but incrementally. TCS-TPG has committed $2 Billion to Hypervault AI data centres; Wipro earmarked $1 Billion for AI360; Infosys has partnerships with NVIDIA and Intel. Cognizant’s Palantir-TriZetto integration is the most forward-looking—combining domain expertise with a leading agentic platform.

The challenge is pace. As Rest of World noted, Cowork’s plugins automate precisely the high-volume, repetitive work that is Indian IT’s bread and butter. The “slower enterprise adoption” defence rings hollow when Goldman Sachs is embedding Anthropic engineers in its back office to co-design autonomous agents, and the Pentagon has consolidated 75 data/AI systems under Palantir’s $10 billion Army contract. The required pivot is from labour arbitrage to AI deployment partnerships. Indian firms possess unmatched domain expertise in banking, insurance, and healthcare—the Cognizant-Palantir model, where domain knowledge meets platform capability, is the template.

5. Does this hurt Indian IT employment or create a new kind of opportunity?

The immediate signal is concerning. TCS has reduced headcount by approximately 11,000 recently; multiple CTOs have stopped hiring freshers entirely. Entry-level testing, maintenance, and compliance roles are most at risk. One fintech firm told The Ken fresher hiring on certain teams has gone from 80% to zero.

Yet new demand is emerging. Every AI agent that performs autonomous work in a regulated environment — healthcare claims, financial audits, defence logistics — requires what the industry calls HITL (Human-in-the-Loop) processes: oversight, validation, exception handling, governance, and ethical review. These roles demand domain knowledge and judgment, not just coding ability. Palantir itself, despite its autonomous capabilities, emphasises that its ontology-driven approach requires humans to define the business logic and maintain governance frameworks.

Goldman’s Argenti stressed agents will be “digital co-workers,” not replacements, because compliance requires human judgment for edge cases. Three opportunities exist: deployment partnerships that embed and govern agentic platforms inside enterprises; HITL operations centres for regulated industries; and massive reskilling to train engineers to architect and supervise AI systems rather than write boilerplate code.

6. Is this another DeepSeek moment—or something more permanent?

The comparison is instructive. In January 2025, DeepSeek shook the assumption that AI required massive capital; Nvidia lost $589 billion in a day, then rose 58% over the following year. BofA’s Brad Sills explicitly called this week’s selloff “overblown.” Gartner wrote that Cowork plugins are “potential disrupters for task-level knowledge work but not a replacement for SaaS applications managing critical business operations.” Wedbush added that enterprises “won’t completely overhaul tens of billions of dollars of prior software infrastructure.”

Also Read | What is DeepSeek, and why is it disrupting the AI sector?

The pattern will likely rhyme with DeepSeek: sharp selloff, partial recovery, then slow realisation that the underlying shift is real. DeepSeek challenged cost assumptions about building AI. Claude Cowork challenges revenue assumptions about the work AI can replace. One threatened input; the other threatens outputs. But both follow the same arc—panic, recovery, gradual structural repricing. The BloombergGPT-to-Cowork evolution shows this is not a bolt from the blue; it is a trajectory visible for three years. For Indian IT, the window to pivot from labour arbitrage to AI deployment is shorter than the market assumes.

Published – February 08, 2026 11:19 am IST

AI startups OpenAI and Anthropic have signed deals with the United States government for research, testing and evaluation of their artificial intelligence models, the U.S. Artificial Intelligence Safety Institute said on Thursday.

The first-of-their-kind agreements come at a time when the companies are facing regulatory scrutiny over safe and ethical use of AI technologies.

California legislators are set to vote on a bill as soon as this week to broadly regulate how AI is developed and deployed in the state.

“Safe, trustworthy AI is crucial for the technology’s positive impact. Our collaboration with the U.S. AI Safety Institute leverages their wide expertise to rigorously test our models before widespread deployment,” said Jack Clark, Co-Founder and Head of Policy at Anthropic, backed by Amazon and Alphabet.

Under the deals, the U.S. AI Safety Institute will have access to major new models from both OpenAI and Anthropic prior to and following their public release.

The agreements will also enable collaborative research to evaluate capabilities of the AI models and risks associated with them.

“We believe the institute has a critical role to play in defining U.S. leadership in responsibly developing artificial intelligence and hope that our work together offers a framework that the rest of the world can build on,” said Jason Kwon, chief strategy officer at ChatGPT maker OpenAI.

“These agreements are just the start, but they are an important milestone as we work to help responsibly steward the future of AI,” said Elizabeth Kelly, director of the U.S. AI Safety Institute.

The institute, a part of the U.S. commerce department’s National Institute of Standards and Technology (NIST), will also collaborate with the U.K. AI Safety Institute and provide feedback to the companies on potential safety improvements.

The U.S. AI Safety Institute was launched last year as part of an executive order by President Joe Biden’s administration to evaluate known and emerging risks of artificial intelligence models.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Artificial intelligence company Anthropic has been hit with a class-action lawsuit in California federal court by three authors who say it misused their books and hundreds of thousands of others to train its AI-powered chatbot Claude.

The complaint, filed on Monday by writers and journalists Andrea Bartz, Charles Graeber and Kirk Wallace Johnson, said that Anthropic used pirated versions of their works and others to teach Claude to respond to human prompts.

A spokesperson for Anthropic said on Tuesday that the company was aware of the lawsuit and assessing the complaint but declined to comment further, citing pending litigation. An attorney for the authors declined to comment.

The lawsuit joins several other high-stakes complaints filed by copyright holders including visual artists, news outlets and record labels over the material used by tech companies to train their generative artificial intelligence systems.

Separate groups of authors have sued OpenAI and Meta Platforms over the companies’ alleged misuse of their work to train the large-language models underlying their chatbots.

The case filed Monday is the second against Anthropic following a lawsuit brought by music publishers last year over its alleged misuse of copyrighted song lyrics to train Claude.

The authors said in their complaint that Anthropic has “built a multibillion-dollar business by stealing hundreds of thousands of copyrighted books.” Anthropic has drawn financial backing from sources including Amazon, Google and former cryptocurrency billionaire Sam Bankman-Fried.

According to the complaint, the authors’ works were included in a dataset of pirated books that Anthropic used to train Claude.

The lawsuit requested an unspecified amount of monetary damages and an order permanently blocking Anthropic from misusing the authors’ work.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

San Francisco:

Anthropic on Monday announced that its artificial intelligence assistant “Claude” is available in Europe after launching in the United States earlier this year.

“We’re excited to announce that Claude, Anthropic’s trusted AI assistant, is now available for people and businesses across Europe to enhance their productivity and creativity,” the San Francisco-based tech startup said in a blog post.

Claude can be accessed for free in Europe online at claude.ai or using an app tailored for Apple mobile devices, according to Anthropic.

It is also available to businesses through a paid “Claude Team” subscription plan, the company added.

The OpenAI rival introduced the latest version of Claude in March.

“Claude has strong levels of comprehension and fluency in French, German, Spanish, Italian, and other European languages, allowing users to converse with Claude in multiple languages,” Anthropic said.

“Claude’s intuitive, user-friendly interface makes it easy for anyone to seamlessly integrate our advanced AI models into their workflows.”

OpenAI’s launch of ChatGPT in late 2022 sparked keen interest in generative AI that enables computers to create images, videos, computer code, or written works from simple text prompts.

Founded by former OpenAI employees, Anthropic strives to distinguish itself from its competitors by building stricter safeguards into its technology to prevent it from being misused.

Millions of people are already using Claude for an array of purposes, according to Anthropic co-founder and chief executive Dario Amodei. “I can’t wait to see what European people and companies will be able to create with Claude,” Amodei said.

An application programming interface for developers interested in using Anthropic AI has been accessible in Europe since the start of this year, according to the company.

Anthropic has raised at least $7 billion in funding since 2021, with its backers including Amazon, Google, and Salesforce.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)