Anthropic's $380 Billion Valuation Dwarfs Indian IT Giants' Combined Market Cap

• Anthropic's valuation surged to $380 billion after a $30 billion funding round, more than doubling its previous valuation.
• This valuation surpasses the combined $240 billion market capitalization of India's top IT firms like TCS, Infosys, and Wipro.
• The funding round was co-led by D. E. Shaw Ventures, ICONIQ, and MGX, with continued support from Microsoft and Nvidia.
• Anthropic emphasizes developer-friendly AI with Claude Code and new plugins for its Cowork agent, accelerating automation.
• The Nifty IT index declined over 20% as investors reassess growth prospects for traditional IT in an AI-first environment.