Topic
overseas
China Weighs Curbs on Overseas Access to Advanced AI Models, Report Says
Chinese authorities have held discussions with major tech firms like Alibaba, ByteDance, and Z.ai on restricting overseas access to advanced AI models, according to Reuters sources. The proposed curbs could apply to future models and include stronger legal protections for AI technology. The move mirrors US actions against Chinese access to American AI models like Anthropic's Mythos.
RBI Allows Overseas Branches to Lend to NRIs for FCNR(B) Deposits, Boosts Foreign Capital Inflows
The Reserve Bank of India has revamped the FCNR(B) scheme, allowing Indian banks to route money from overseas branches to non-resident Indians for deposits, while eliminating currency and credit risks via a swap window and standby letters of credit. The move is expected to boost NRI deposits with attractive fixed rates of 6-7% and leverage potential for double-digit returns.