How DeepSeek threatens Anant Raj, Netweb Technologies' AI ambitions

Even high-flying stocks have a way of coming down to earth. And for those in the artificial intelligence (AI) space, the landing is proving really really rough. Globally, Nvidia, the undisputed leader in AI chipsets, lost close to $600 billion in market cap on Monday, the biggest ever single-day drop for a company in US history. The catalyst? Chinese tech startup DeepSeek's AI models that are seen as potentially disruptive to the traditional AI computing landscape.