Anthropic’s Claude Cowork triggered a global sell-off in IT stocks, hitting Indian IT majors and the Nasdaq alike
Cowork enables shared human–AI workplaces, allowing AI to execute complex enterprise tasks with minimal human input
Plugins span legal, finance, sales, marketing, data, customer support, and product management — automating routine knowledge work
The heads-and-hours billing model faces erosion as AI replaces repetitive, high-value service functions at scale
Routine coding and support roles face redundancy, while demand rises for AI integration, transformation, and systems leadership skills
Short-term valuations may overshoot, but AI-driven disruption is structural and unavoidable — similar to early dotcom cycles