Google CEO Sundar Pichai thinks Bloodbath in markets worldwide in reaction to Anthropic’s AI tool is…

Google CEO Sundar Pichai isn’t buying the panic. During the company’s earnings call, Pichai pushed back against the market hysteria triggered by Anthropic’s new AI plugins, calling it overblown. AI is “an enabling tool,” he said, just as it has been for Google’s own products—Search, YouTube and others. Companies “seizing the moment” will find the same opportunity ahead, he added.His comments come as software stocks worldwide nurse heavy losses. Anthropic’s Claude Cowork plugins, wiped out roughly $285 billion from software, legal tech and financial services stocks in a single session. Analysts dubbed it a ‘SaaSpocalypse’. Pichai’s view? The scramble is overdone.

Nvidia’s Huang chimes in with Pichai, calls selloff ‘most illogical thing in the world’