Day: August 2, 2025

A rush to buy iPhones ahead of potential U.S. tariff-driven price increases, along with China subsidies and upbeat demand for the budget 16e model launched in February, fueled a 13.5% jump in the quarterly sales of the device, crushing expectations.

The company has also posted a rosy forecast that comes on the heels of similarly upbeat results from ad industry leaders such as Meta and Alphabet, underscoring a broader sector shift as advertisers gravitate towards platforms that provide artificial-intelligence tools to create more personalized campaigns.

The Gemini 2.5 Deep Think model has been rolled out to a small group of mathematicians and academics to take early feedback and enhance the model’s research and inquiry.

This uptick in value and volume comes amid discussions on the cost of processing UPI transactions. Banks are beginning to levy charges on certain UPI transactions due to a cut in the government incentive on small-value UPI-based transactions.

Innovation and not patents should drive organisations. What is needed is the right talent, not expensive talent, he said. He was alluding to the spate of talent poaching in Silicon Valley, where AI-focussed firms are offering astronomical pay packages to top talent in rival firms.

Google in a new filing to the San Francisco-based 9th U.S. Circuit Court of Appeals said it planned to further challenge the lower court’s October injunction, which a panel of appeals judges upheld on Thursday in a unanimous decision.

This follows the hyperlocal logistics startup onboarding Bijou Kurien, Ruchira Shukla, and Pirojshaw Sarkari as independent directors on its board in February this year to enhance its governance framework.

The government will only step in if it is demonstrated that AI upskilling incentives are in order to secure tech jobs, he said. This comes after Karnataka labour minister Santosh Lad asked the IT services company to explain the reason behind cutting nearly 12,000 jobs.

While Swiggy has laid out a series of steps to improve profitability, the high cash burn indicates that these measures may take some time to show their impact. For its quick commerce business, Instamart, Swiggy continued to guide for a contribution margin break-even between Q3FY26 and Q1FY27.

Per Shukla, the mission’s pilot, the experiments designed by ISRO and Indian researchers aimed at enabling India’s human spaceflight ambitions. Some experiments, such as stem cell research conducted in microgravity, could help decode why muscle atrophy happens and how it might be prevented or delayed, both in space and on earth.