11 C News
Science/Tech / The Economic Times
Amazon and Flipkart are moving deeper into financial services in India, targeting small businesses and consumers with new lending products as they challenge traditional banks. Amazon, after acquiring non-bank lender Axio, plans to restart small-business loans and offer cash-management tools, seeing strong demand among digitally active merchants outside major cities.
Tesla shareholders overwhelmingly approved Elon Musk's record-breaking $878 billion pay package, endorsing his ambitious AI and robotics vision. The vote allows Musk to pursue self-driving cars, a robotaxi network, and humanoid robots, despite concerns over his political rhetoric and potential conflicts with his xAI startup. This approval is seen as crucial for Tesla's future valuation and Musk's continued leadership.
Apple is set to integrate Google's powerful Gemini AI model into its Siri voice assistant. This move aims to enhance Siri's capabilities, addressing past limitations. The partnership involves a significant annual payment to Google. This integration is a temporary measure until Apple's own AI systems are ready. The deal signifies a major step in Apple's AI development strategy.