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Alibaba Chairman Joe Tsai recently discussed China’s position in the AI race, highlighting the country’s two-year lag behind American companies like Open AI. Tsai attributed part of this delay to US restrictions on exporting high-end chips to China, impacting sectors including Alibaba’s Cloud business. Despite short-term challenges, Tsai expressed confidence in China’s ability to develop critical components like Graphics Processing Units (GPUs) for AI. He also addressed broader issues of doing business in the US as a Chinese company and emphasized Alibaba’s role in facilitating global trade. Tsai urged against dismissing China as an investment destination, highlighting its enduring economic significance and industrious workforce.

The RBI’s Monetary Policy Committee (MPC) meeting for April 2024 is underway, with key decisions on interest rates expected soon. Scheduled from April 3rd to 5th, 2024, the outcome will be announced on April 5th around 10 AM by RBI Governor Shaktikanta Das. It’s anticipated that the committee may maintain the repo rate at 6.5% due to inflation concerns. Stay tuned for updates on this significant event shaping India’s monetary policy landscape.