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AI advances spark $300 billion software stock plunge
As forecasts emerge that artificial intelligence (AI) tools will replace the existing software (SW) industry, the market ...
NEW YORK/LONDON, Feb 3 (Reuters) - A significant selloff among U.S. and European data analytics, professional services and ...
38m
Infosys, TCS, other IT stocks plunge up to 7% after global tech selloff led by Anthropic's AI tool
The heavyweight IT stocks are leading losses on benchmark indices Sensex and Nifty. The Nifty IT index is currently the top losing sectoral index on the markets.
The anxiety was underscored Tuesday after AI startup Anthropic released a productivity tool for in-house lawyers, sending ...
Indian IT stocks experienced a significant selloff on Wednesday. Investors reacted to fears that artificial intelligence could make traditional software and IT services outdated. This led to a ...
The decline was led by frontline IT stocks. Shares of Infosys, HCL Technologies, Wipro and Persistent Systems slipped close to 6 per cent each in early trade. Selling pressure was also visible in ...
The immediate trigger for the global sell-off was the launch of a new AI automation system by US-based AI firm Anthropic as per CNBC-TV18 report. The company revealed expanded capabilities of its ...
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