News

Perplexity CEO Aravind Srinivas addressed user concerns on X, clarifying the company's financial stability, model choices, and recent interface changes. He emphasized that Perplexity is not facing financial difficulties, has no immediate plans for an IPO, and aims to simplify the user experience through Auto mode and model evolution.

Swedish fashion giant H&M's plans to use AI-generated models in upcoming campaigns has sparked controversy, with critics fearing job losses for human models and photographers while others see it as a potential avenue for accepting more work. The move raises questions about the future of fashion and the balance between embracing innovation and safeguarding employment.

Google has unveiled the Gemini 2.5 Pro, a new AI model with advanced reasoning capabilities that outperforms its competitors on various benchmarks, including the Humanity's Last Exam. The model also excels in coding tasks and offers native multimodal support, making it a powerful tool for developers and enterprises.

The Nothing Phone (3a)'s Essential Space, a feature for AI-powered content management, may soon require a subscription for some functionalities, with code suggesting a potential $120 charge. This move could spark mixed reactions, especially considering Nothing's focus on simplicity and the competitive landscape of smartphone software.

Top Indian banks are facing a margin squeeze as they are borrowing money at nearly 9% but lending it out at only 8.5%, raising concerns about the sustainability of the banking model. This situation is further exacerbated by the recent slowdown in loan growth, attributed to stricter lending norms imposed by the RBI.