Apple’s Siri AI Gambit, Moneyview Trims IPO Size & More

Apple's revamped Siri AI, now part of iOS 27, aims to make its voice assistant more personalized and context-aware. However, the initial rollout is a mixed experience as the advanced features are limited to premium devices due to their higher memory requirements. The rollout in India faces challenges as the AI struggles with local accents and speech patterns.

Apple may introduce a subscription model for higher access starting 2027, potentially turning Siri AI into a paid service. Meanwhile, fintech unicorn Moneyview reduces the size of its IPO from ₹1,500 Cr to ₹750 Cr, cutting the offer for sale component significantly. The move comes as early backers reduce their share intentions. InsuranceDekho, an IPO-bound startup, faces uncertainty as its cofounders consider stepping down due to disagreements with board members.

The merged entity boasts a premium book worth over ₹6,600 Cr. Eyewear giant Lenskart doubles its stake in AI and smart wearable startup AjnaLens, increasing its holding to 9.01% in the company. The Reserve Bank of India proposes new cyber safety protocols for banks dealing with suspicious transactions, emphasizing targeted freezing of specific amounts rather than entire accounts.

Google chooses four Indian startups for its inaugural AI for the Planet (APAC) accelerator, aiming to tackle environmental challenges using AI. Startup Saubha Aerial Systems develops safety systems for drones, aiming to make unmanned aerial vehicles more reliable and resilient.