Indian tech firms such as Netweb Technologies, Anant Raj, and Micromax are capitalizing on the launch of the cost-effective AI model DeepSeek R1, which competes with pricier US options. Netweb and Anant Raj saw their stock prices jump 10%, while Micromax expects a boost in demand following its JV, Mi-Phi, entering AI memory chip production. Netweb predicts its AI server revenue will grow to 18-20% of total business within two years.
