Cognizant AI chief has one word for trillion-dollar wipeout in stock market triggered by Anthropic’s Claude AI tools – The Times of India

Cognizant AI chief has one word for trillion-dollar wipeout in stock market triggered by Anthropic’s Claude AI tools – The Times of India

Image credit: X (Twitter) Cognizant‘s chief AI officer, Babak Hodjat, has described concerns that artificial intelligence will disrupt IT services companies as “overblown.” This comes after Anthropic’s Claude AI tools wiped out more than a trillion dollars from the stock market. Speaking to Reuters, Hodjat said enterprises still require significant support to deploy, integrate, and…

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Techs sell-off on Dalal Street as Anthropic’s AI-app takes on Indian IT majors’ business – The Times of India

Techs sell-off on Dalal Street as Anthropic’s AI-app takes on Indian IT majors’ business – The Times of India

MUMBAI: A tech sell-off on Dalal Street on Wednesday—that came on the back of Anthropic’s launch of a new AI-led app that could potentially challenge existing business models of Indian software exporters—wiped off about Rs 1.75 lakh crore worth of market value. The sharp slide in sector leaders like TCS, Infosys and Wipro, also left…

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