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OpenAI launch spooks Indian IT stocks to three year lows over enterprise AI push
Business
Published on 14 May 2026
Market fears direct AI deployment will cut IT giants’ role
Indian IT stocks slid to three-year lows after OpenAI announced a venture aimed at deploying AI directly for enterprises. With Anthropic reportedly pursuing a similar model, investors worry traditional service integration work could be squeezed. The selloff also reflects broader anxiety that AI disruption may intensify amid persistent geopolitical uncertainty affecting the sector.
- OpenAI’s new enterprise AI deployment venture rattled investors
- Anthropic’s similar push adds pressure to the traditional IT model
- Indian IT stocks hit three-year lows on growth fears
- Geopolitical uncertainty compounds the AI disruption concern
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times