What Is Anthropic's New AI Tool? US Startup's Power Tool Shaking IT Firms Globally | Explained In 5 Points

What is Anthropic: The United States-based artificial intelligence startup Anthropic has sent shockwaves through global stock markets with its latest AI product. Anthropic's latest tool has rattled IT, data analytics, and even legal services stocks worldwide as investors reassess the rapid pace of AI disruption.

In India, IT stocks like Infosys, LTImindtree, Tech Mahindra, TCS, HCL, etc saw a sharp sell-off in Wednesday's trading session.

What is Anthropic?

The company behind chatbot Claude, Anthropic, recently launched an AI tool. Anthropic's recently launched plug-ins for its Claude Cowork agent could automate legal work like contract reviewing, non-disclosure agreement triage, compliance workflows, legal briefings and even generate templated response, according to a report by The Guardian.

What Can Anthropic's New AI Tool Do?

The AI firm has maintained that the tool could automate legal work like contract reviewing, non-disclosure agreement triage, compliance workflows etc.

In addition to providing assistance for legal work, the new AI tool can also be used to automate a range of professional tasks like sales, customer support, etc.

However, the new AI tool only provide legal analysis, which requires an examination by a licensed attorneys before using it for making legal decisions.

What is Antropic?

As per the website, Anthropic is an AI safety and research company which was founded in 2021 by Dario Amodei, who is the former staff members from OpenAI, the developer of ChatGPT.

Anthropic Claude Cowork Has 'Heightened Competition'

The new upgrade in Anthropic's Cowork has intensified the competition in legal space, Morgan Stanley analysts told Reuters adding that it could be a sign of intensifying competition and a "potential negative".

Anthropic AI Tool Can Threaten Entry-Level Talent Hiring

Multiple Indian IT firms and companies from other sectors have integrated Claude for critical coding workflows. The advancement in Anthropic's software may reduce these firms' dependency on large vendor teams, and may squeeze billable hours and margin, reported Reuters citing Systematix Group analyst. This could further threaten entry-level talent pool at Indian IT firms.