Anthropic launches Claude Sheets, Meetings and Whiteboards, taking on Microsoft Office; MSFT drops ~3%
What happened
Anthropic unveiled a suite of workplace productivity tools at an event in San Francisco on Tuesday, November 10, taking direct aim at Microsoft Office and Google Workspace. The new tools are Claude Sheets — a collaborative spreadsheet with tabs, formulas and dropdowns that exports to Excel — Claude Whiteboards, a shared planning canvas, and Claude Meetings, an agent that joins Google Meet calls to take notes, draft plans and update documents in real time. Anthropic also made Claude Data (formerly Claude Dashboards) generally available and upgraded its interactive connectors so partner apps such as Adobe, Atlassian and HubSpot run inside Claude. Sheets and Whiteboards are in beta for paid plans; Meetings is in beta for Team and Enterprise customers. Microsoft shares dropped as much as 3% intraday after the news, per CNBC, and were down more than 2% in afternoon trading, while Alphabet reversed lower.
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Who’s affected
- Microsoft (MSFT): fell more than 2% on the day, down as much as 3% intraday, as Claude Sheets directly challenges Excel and the Microsoft 365 suite
- Alphabet (GOOGL): reversed lower, down less than 1%, as Claude Sheets and Meetings also overlap Google Sheets and Google Meet
- Adobe (ADBE): fell more than 1%; shares are down about 33% year-to-date as AI encroachment on creative/productivity software continues
- Asana (ASAN) and Monday.com (MNDY): project-management names fell more than 6% and lost ground respectively as Anthropic's Whiteboards/Meetings target collaborative work
- Software sector (XSW ETF): the SPDR S&P Software & Services ETF fell more than 1%
- Anthropic (ANT, pre-IPO): the launch showcases its enterprise ambitions on IPO roadshow day; IPO priced $70-$78, trading on Nasdaq under ANT