Netweb Technologies Ltd., shares of which have halved in the last two months, said that the emergence of DeepSeek, the Chinese AI platform, which sparked a massive sell-off in shares of tech and tech-related companies across the globe.
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A similar announcement to the exchanges was put out by Anant Raj, stating that the emergence of platforms like DeepSeek will increase the need for more data centres, contrary to fears of a reduction as processing becomes more decentralised.
Shares of Netweb Tech had ended at another 10% lower circuit on Tuesday, while Anant Raj fell another 20%, taking the one-month drop for the latter to 37%.
This is a developing story.
