IT shares in focus: TCS, Infosys, Wipro ADRs slide after Anthropic’s new AI tool announcement

IT companies like Infosys, Wipro, and TCS saw their share prices drop today morning. This happened because US and European stocks in data analytics, consulting, and software also fell sharply. The drop came after AI company Anthropic launched new tools, making investors worry about big changes from AI in these industries.

Anthropic recently launched plug-ins for its Claude Cowork agent:

Anthropic recently launched plug-ins for its Claude Cowork agent, aimed at automating tasks across legal, sales, marketing and data analysis functions. Plugins work across use cases, but are especially powerful in tailoring Anthropic’s Claude to specific job functions such as sales, legal and financial analysis.