Indian IT stocks were bleeding on Wednesday, February 4. The trigger was news that Anthropic had launched new AI tools capable of automating tasks in legal, compliance, marketing, and data analysis areas traditionally serviced by software firms and IT service providers. Adding to the pressure was the strength in the Indian Rupee, which typically weighs on export-heavy IT companies by hurting margin expectations. Indian IT stocks (Infosys, TCS, Wipro) are down 6% today following the global SaaSpocalypse. On February 3 and 4, 2026, global markets saw a $285B software sell-off. Traders called this the SaaSpocalypse. On February 2, 2026, Anthropic AI (a rival to OpenAI) launched Claude Cowork, a tool causing the IT sector crash today. Anthropic built Cowork using its own AI, Claude Code, in only 1.5 weeks. This is an Agentic AI tool for businesses, which is a new category of AI that acts without human ...
‘’A phone farm is a collection of multiple smartphones used simultaneously to generate income through various apps and services, such as watching ads, completing surveys, or mining cryptocurrency.’’ Back in October, word started making the rounds of an AI startup called Doublespeed. Backed by venture capital firm Andreessen Horowitz, Doublespeed offers customers a unique service: access to a massive phone farm that could be used to operate hundreds of AI-generated social media accounts. Now, 404 Media reports in an explosive scoop that Doublespeed has been hacked. This wasn’t just one account associated with the startup, but the entire backend used to manage its phone farm — so it provides an extraordinary glimpse at how the service is actually being used to manipulate social media at scale. Speaking to 404 on condition of anonymity, the hacker said they can “see the phones in use, which manager [computers controlling the phones] they had, which TikTok accounts ...