Anthropic’s tools trigger selloff, but Indian IT has survived big disruptions. SaaS couldn’t replace engineers sitting and writing code. Migration to AI solutions won’t either
Anthropic’s release of a set of new AI tools has led to a dramatic fall in the share prices of software and IT services companies like TCS and Infosys. The company started off building AI tools for writing code, removing errors in code and deploying code. And those kinds of tools from Anthropic and others have had a substantial impact. Depending on who you talk to, AI has brought a 10% to 30% rise in coding efficiencies.