💨 Abstract

Alibaba Group Chairman Joe Tsai announced on Tuesday that the tech giant will resume hiring, following increased confidence due to President Xi Jinping's meeting with business entrepreneurs. Tsai expressed concerns about AI investment in the US, as he believes it could be the start of a bubble. The meeting was seen as a sign to businesses to reinvest and hire again, as the Chinese government is concerned about slow growth and US efforts to limit technological development.

Courtesy: theprint.in

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