Tech stocks tumble as Anthropic’s AI tools threaten the SaaS model
Fears that agentic AI tools such as Anthropic’s Claude Cowork plug-ins could automate core enterprise processes and disrupt the traditional SaaS model triggered a sharp sell-off in global tech stocks, dragging down US software majors and wiping over ₹2 lakh crore off the market capitalisation of Indian IT firms, even as Indian industry leaders argue…
