BUSINESS
GoI’s Rs 10,000 crore plan for a ‘sovereign AI’ computing infrastructure needs a rethink
The aim of harnessing the benefits of AI will be better served in areas that are not typically addressed by the private sector. From procuring GPUs to managing computing infrastructure, government may not be able to match the market's agility. Alternatively, government can promote competition, regulate anti-competitive practices, fund research, and help in creating India-specific datasets
BUSINESS
Lessons for RBI from its mandate that made recurring payments a nightmare
Subscription services, and firms dependent on recurring transactions for subscription revenues, were badly hit. Easy exits for consumers locked into unhelpful subscriptions shouldn’t be RBI’s remit. Central bank must focus on monetary policy, stabilising the financial system and making payment systems better
