Mumbai, Jan. 28 -- This sharp decline was triggered by the launch of DeepSeek, a new, low-cost AI model by a Chinese startup, sparking concerns among investors about increased competition.

While primarily known for its real estate developments, Anant Raj has been expanding its presence in the burgeoning AI market through its subsidiary, Anant Raj Cloud. The company in July 2024 announced a high-profile collaboration with Google to develop advanced AI solutions, further solidifying its commitment to the sector.

DeepSeek, touted as more efficient and significantly cheaper than its competitors, has quickly gained traction, even surpassing ChatGPT in downloads. This has put pressure on established players, including firms like Google, and t...