Anthropic's AI push raises analyst concerns over Indian IT services revenues
Yahoo Finance·2026-02-05 16:07

Feb 5 (Reuters) - Rapid advances in artificial intelligence, triggered in part by Anthropic's latest automation push, could structurally erode the IT sector's high-margin application services revenues, creating downside risks ​to earnings and valuations, analysts warn. Shares in India's software exporters settled 0.6% lower on ‌Thursday, a day after plunging 6% in their worst session for nearly six years, as AI-driven automation from U.S.-based Anthropic and ‌Palantir fuelled fears of compressed project t ...