Monday, June 9, 2025

Perplexity Labs can draft 98-99% of an IPO prospectus: CEO Aravind Srinivas

Speaking at a Cisco event, Solomon said drafting the pre-IPO papers for a company used to take a six-person team and two weeks to create, but AI can do this in mere minutes, he said, and with 95% accuracy. He said, as quoted by a report by Financial Times, the last 5% "now matters because the rest is now a commodity".

from Tech-Economic Times https://ift.tt/KCjFAcw

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MDR on UPI will hit businesses, not users: FM Nirmala Sitharaman hits back at Congress' Jairam Ramesh

Sitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and no...