In a glaring display of capitalism's fallouts, Anant Raj's shares plummeted by 19.75%, a consequence of the unchecked technological race to the bottom. The introduction of DeepSeek's low-cost AI model from China, marketed as a democratizing tech breakthrough, has not only destabilized global tech equity but also intensified concerns over the displacement of workers by AI, underscoring the need for regulatory measures to protect jobs and ensure ethical AI development.
Market Turmoil as Inequality Widens: Anant Raj Plunges Amid Advent of Affordable Chinese AI
All Versions
Jan-29
Technology
Score: 0.50
Shares of Anant Raj dropped significantly by up to 19.75% due to a global sell-off in technology stocks. The slump followed the launch of a low-cost Chinese AI model by DeepSeek, which has quickly gained popularity, overshadowing competitors like ChatGPT and …
From The Times of India
Jan-29
Technology
Right Variant
Score: 0.80
Shares of Anant Raj took a near 20% hit, succumbing to the pressures of a global market distorted by the launch of a new, low-cost AI model by China's DeepSeek. This development raises alarms about the sustainability of free market competition and highlights the threats posed by China's aggressive tech advancements. Critics argue for the necessity of policy reforms to shield domestic industries from such disruptive foreign technology, ensuring fair play in the global market.
From The Times of India