As software companies lose trillions in market cap to AI tool, China and South Korea warn companies against an AI agent; calling it ‘dangerous’
Software companies across the globe have lost over a trillion in market value in the past week. The carnage has been triggered by Anthropic’s AI tool. The rout triggered by Anthropic’s open-source legal plugin for Claude Cowork swept away some of the biggest tech names, including ServiceNow, Salesforce and Microsoft. India’s software exporters index, which houses names such as Tata Consultancy Services, Infosys Technologies, HCL Technologies and Wipro, plunged 6% in its worst session in nearly six years on February 2. Incidentally, as the exuberance over AI tools continue, there are also dangers and warning. Especially, about opensource AI Agents. According to a report by news agency Reuters, some of the biggest Korean technology companies, including Kakao, Naver and Karrot Market, are moving to restrict the use of the popular artificial intelligence (AI) agent OpenClaw within their corporate networks due to the rising concerns about security and data privacy. Three of the biggest Korean companies Kakao, Naver and Karrot recently reportedly told their employees, including developers, not to use the open-source agent, OpenClaw.
