Anthropic has recently launched several AI plugins. These plugins have wiped out $285 billion (approximately Rs 26,129 billion) from the market. The biggest impact of this AI tool has been on stocks of software, legal tech and financial services sectors. Anthropic is known in the world of AI for its cloud chatbots. The company has launched 11 open-source plugins that will work with the cloud’s work tools. These tools were launched on January 30. One of these tools targets legal workflows, and that’s what has taken the market by storm.
What did Anthropic actually release?
Anthropic’s Cloud Cowork is an agentic AI assistant that the company launched in early January. Just as many AI tools are used to write code, these tools can also be used for non-coding tasks. These tools can read files, organize folders, draft documents, and complete multi-step tasks for the user. These plugins were announced last Friday. These allow companies to customize Anthropic’s cloud AI for specific tasks. Companies can use these tools to decide how to do a job, what tools and data to use, and which tasks to automate. This has affected the stocks of those companies which used to do this work earlier.
Why the turmoil in the market?
Anthropic hasn’t just launched a set of tools; He has actually discovered a new way of doing things. Instead of selling models, Anthropic has focused on gaining control over workflow. Simply put, if Anthropic had just launched an API, companies like Thomson Reuters would have built their services on it. Thomson Reuters currently runs CoCounsel on OpenAI. If Anthropic starts selling off-the-shelf solutions, it will become a competitor to Thomson Reuters, not a service provider. This is the reason why there is turmoil in the market.