Anthropic's Claude AI Launch Triggers Market Volatility and IT Sector Sell-Offs

Anthropic's recent launch of Claude Cowork, an AI assistant with expanded capabilities including a large context window and multiple plugins, has disrupted financial and IT markets globally. While its legal plugin is less effective than specialized tools, investor concerns about AI's impact on routine IT roles led to significant sell-offs, notably affecting India's IT sector and the Nasdaq. Anthropic's CEO projected AI could perform all software engineering tasks within 6 to 12 months, intensifying market volatility and bearish sentiment.