New Delhi, Feb. 27 -- Judging by this week's headlines, Anthropic PBC has emerged as the poster child of AI, while OpenAI Inc. appears to have momentarily taken a back seat. February has also shown that the AI race is no longer just about model benchmarks but also about capital flows, market perception, and geopolitical risks.

Sample these developments. When Anthropic (Claude Opus 4.6), OpenAI (GPT-5.3-Codex), and Google (Gemini 3.1 Pro) unveiled more capable Agentic AI systems-tools that can autonomously analyse, refactor and execute complex enterprise work flows-investors reacted sharply. And it's most likely that software and IT stocks with heavy exposure to billable-hour models will continue to see volatility.

The tremors reflect a ...