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Stock markets around the world fell due to Anthropic’s AI tool.
– Photo: Amar Ujala
Expansion
The stock market in India closed on a positive level on Wednesday (February 4). However, most of the shares in the IT sector closed at lower levels. The companies that suffered the most losses included companies like Infosys, Tata Consultancy Services (TCS), HCL and Tech Mahindra. The shares of these companies declined by about five percent to 10 percent. Although, on Tuesday, there was a rise in the shares of most of these companies due to the exemption given to the service sector after the trade agreement with America, but on Wednesday the situation seemed to have changed and the stocks of the tech sector were seen falling in the stock market. This situation was not only in the Indian stock market, but the shares of the American stock markets suffered the most losses. The reason for this decline is being attributed to an Artificial Intelligence (AI) tool.
Let us know what happened between Tuesday and Wednesday that the IT sector suffered huge losses in the stock markets across the world? What is the AI tool that is being talked about? What is so special about it? What impact can this AI tool have?
