ETtech Explainer: Did OpenAI's new AI deployment venture just kill Indian IT stocks?

Indian IT stocks plummeted to three-year lows following OpenAI's launch of a new venture focused on direct AI implementation for enterprises. This move, alongside a similar initiative by Anthropic, threatens the traditional service integration model of Indian IT giants. The market reaction highlights concerns over AI's disruptive potential and existing geopolitical uncertainties impacting the sector.