What is SaaSapocalypse and how Anthropic’s new AI tool is eroding IT stocks globally
Published on: Feb. 4, 2026, 10:46 a.m. | Source: The Financial Express
Indian IT giants Infosys and Wipro saw a 5% drop in shares on Wall Street, along with other multinational companies using ADRs. The sudden slump was triggered by AI startup Anthropic’s new automation tool, causing a “SaaSapocalypse” and a shift towards AI replacing traditional SaaS platforms. | financialexpress.com
