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Anthropic’s Claude Cowork suite of AI tools created panic in the market with SaaS and IT services giants seeing 285 Bn in market cap wiped off in a matter of days
In a spillover effect, the Nifty IT index plunged nearly 6% raising new fears about a slowdown for this key sector in the Indian economy
While NASSCOM downplayed the fears of AI displacing these industry titans, ripple effects such as layoffs can be expected in the near future if there is any major revenue…
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Anthropic’s Claude Cowork suite of AI tools created panic in the market with SaaS and IT services giants seeing 285 Bn in market cap wiped off in a matter of days
In a spillover effect, the Nifty IT index plunged nearly 6% raising new fears about a slowdown for this key sector in the Indian economy
While NASSCOM downplayed the fears of AI displacing these industry titans, ripple effects such as layoffs can be expected in the near future if there is any major revenue…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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