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Indian IT stocks jump 5% after AI leaders warn of existential risks

  • Indian IT stocks jumped 5% after AI company leaders issued risk warnings.
  • 5% was the reported gain in the Indian IT stock index on Sept. 15.
  • Traditional software-services companies have lagged as new AI tools threaten their business models.

Indian IT stocks jumped 5% on Sept. 15 after leaders of the world’s largest artificial-intelligence companies warned that the technology could pose potentially existential risks. The sector has been a major market laggard over the past year as new AI tools threaten the business models of traditional software-services companies.

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