Anthropic’s new AI tools have shaken the world, especially the US, which has suffered a major economic blow. Given America’s current dominance in technology, Anthropic’s AI tools also point out that there is no guarantee that the current leader will remain a leader in the future. This is because technology is changing rapidly, and the competition is becoming more fierce with every new discovery.
In fact, Nasdaq, which dominates technology stocks in the American stock market, closed with a heavy fall for the second consecutive day. On Wednesday, the Nasdaq fell 350 points to 22,904, a decline of 1.5 percent. A similar decline of about 1.5 percent was recorded on Tuesday also.
Nasdaq under pressure for the second day
Its effect was also visible on the Indian market on Wednesday, although the Indian markets closed in the green. Although there was heavy selling pressure on IT stocks, signs of recovery were visible in IT stocks on Thursday. The market capitalization of the IT index declined by about ₹1.80 lakh crore due to the fall in IT stocks on Tuesday.
Amidst all this, the US stock market is struggling to recover from the impact of anthropic AI. On Wednesday, heavy selling pressure was also seen in shares of NVIDIA, Alphabet, Amazon and Meta. A major reason for this decline is the growing concerns about companies related to Artificial Intelligence (AI), especially regarding Anthropic’s new AI tools. Investors fear that rapidly developing AI technology could impact the business models of existing big tech companies.
It is worth noting that Anthropic is an AI startup which is considered a major competitor of OpenAI. The company recently launched its new and more powerful AI tools. After the launch of these tools, the discussion in the market has intensified regarding the increasing competition in the AI sector in the coming years. This may affect those big tech companies which are currently earning huge profits from AI. Increased tension for big companies
Due to these concerns, investors have started booking profits in tech stocks. Continuous selling pressure is being seen in big stocks like Nvidia, Microsoft, Alphabet, Meta and Amazon. Stocks like Nvidia, which had risen sharply in recent months on the back of the AI boom, are under the most pressure. According to experts, investors are beginning to wonder whether expectations about AI have been exaggerated. The entry of new players like Anthropic will increase competition in the AI sector, which may impact the profits and valuation of companies. However, some experts also say that this decline is not the beginning of a major crash, but a healthy correction. Long-term growth prospects in the AI sector remain strong, but short-term volatility may persist.
What is anthropic AI tool?
Anthropic AI creates artificial intelligence tools and models that can think and respond like humans. Its main AI model is cloud, which helps in content writing, data analysis, coding, research and business decisions. This tool can reduce human intervention in many tasks. However, Anthropic is also facing major copyright and data usage disputes.