Perplexity’s India Experiment: Navigating the Path from Free AI to Paid Subscriptions
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Perplexity’s India Experiment: Navigating the Path from Free AI to Paid Subscriptions

Perplexity embarked on a significant growth initiative over the past year, offering its premium AI service, Perplexity Pro, free of charge to customers of Indian telecom giant Airtel. This extensive experiment, which saw the earliest free subscriptions begin to expire recently, serves as a crucial test case for whether bundling paid AI services can cultivate […]
South Korean Investors Flock to US Markets Amidst Domestic Stock Volatility
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South Korean Investors Flock to US Markets Amidst Domestic Stock Volatility

South Korean retail investors have significantly increased their investment in U.S. markets, pouring a net $4.5 billion into American stocks in July. This surge in overseas investment comes as South Korea’s domestic stock market experienced a notable correction, prompting many local investors to seek opportunities abroad. Despite the shift in geographical focus, the underlying investment […]
South Korean President Urges Preparedness Amid Shifts in U.S. Military Drill Strategy
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South Korean President Urges Preparedness Amid Shifts in U.S. Military Drill Strategy

South Korean President Lee Jae Myung has emphasized that while maintaining peace remains the nation’s highest priority, the country must proactively prepare for a ‘worst-case scenario.’ This call for vigilance follows a directive from U.S. President Donald Trump to significantly scale back joint military exercises between the two nations. The annual drills, known as Ulchi […]
Synchrony Teams Up with OpenAI to Revolutionize Digital Credit and Commerce
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Synchrony Teams Up with OpenAI to Revolutionize Digital Credit and Commerce

Major credit card issuer Synchrony Financial has entered into a strategic collaboration with artificial intelligence pioneer OpenAI to integrate advanced AI models into its consumer-facing portals. The initiative aims to modernize the digital shopping and financial management experience for millions of cardholders who utilize Synchrony’s services for prominent retail brands such as Amazon, Walmart, and […]
Global Bond Markets Stumble as Geopolitical Tensions and AI Spending Surge
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Global Bond Markets Stumble as Geopolitical Tensions and AI Spending Surge

Global government bond markets experienced a significant sell-off this week, pushing borrowing costs to multi-decade highs as geopolitical instability in the Middle East intensifies. The failure to reach a diplomatic resolution between the U.S. and Iran has effectively shuttered the Strait of Hormuz, a vital artery for global trade. With peace talks stalled and military […]
Kremlin Silences Top Economist After Warning of Impending Social Crisis and Economic Lag
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Kremlin Silences Top Economist After Warning of Impending Social Crisis and Economic Lag

The Kremlin has reportedly dismissed Andrei Klepach, the chief economist of Russia’s state-controlled development bank VEB, following his warnings that the ongoing conflict in Ukraine could trigger a severe social crisis. Klepach, a former deputy economy minister, cautioned that Russia cannot sustain a prolonged war of attrition and that its economic gap with global competitors […]
Home Depot Outperforms Expectations in Q2 Despite Stubborn Housing Market Headwinds
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Home Depot Outperforms Expectations in Q2 Despite Stubborn Housing Market Headwinds

Home Depot has successfully beaten Wall Street’s expectations for both revenue and earnings in the second fiscal quarter, demonstrating resilience even as the broader housing market remains tightly constrained. The home improvement giant posted net income of $4.77 billion, translating to $4.79 per share, alongside a total revenue of $47.86 billion, comfortably outpacing the consensus […]