Latest news with #Summary
Time of India
01-08-2025
- Business
- Time of India
Reddit CEO Steve Huffman in letter to shareholders: We are concentrating our resources to make Reddit a go-to search engine
Reddit is all set to make a bold pivot towards becoming a full-fledged search engine. Reddit CEO Steve Huffman recently announced the plans to prioritise search functionality and AI-powered answers across the platform. The announcement came as part of the company's Q2 2025 shareholder letter, which highlighted strong financial performance driven by advertising and a growing user base. 'Reddit a go-to search engine, and expanding internationally,' said Huffman. The move comes amid explosive growth in Reddit's internal search usage, which now sees over 70 million weekly queries. Reddit wants to be a search engine During the earnings call, CEO Steve Huffman framed the initiative as a natural evolution for the platform, which has long been the de facto search engine for millions seeking genuine, opinion-based answers. "For years, people have been adding 'reddit' to their search queries to find real experiences, recommendations, and discussions," Huffman stated. "Our communities are the world's most valuable database of human experience. We're simply building the infrastructure to make that wisdom more accessible and searchable." Reddit's pitch is simple: real people, real answers. In a world increasingly dominated by algorithmic summaries, Reddit believes that nuanced, lived experiences are irreplaceable. A recent survey showed that 80% of users trust human responses over AI-generated ones for complex questions. 'To focus on the areas that matter most, we are deprioritising a few initiatives, including our work on the user economy. It's still an opportunity we believe in, but we're concentrating our resources on the areas that will drive results for our most pressing needs: improving the core product, making Reddit a go-to search engine, and expanding internationally,' said Huffman. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Libas Purple Days Sale Libas Undo Reddit's financial earnings Reddit's Q2 revenue hit $500 million, up 78% year-over-year, with a net income of $89 million and a gross margin of 90.8%. Advertising revenue alone soared to $465 million, driven by new AI-enhanced ad formats like Conversation Summary Add-ons, which boost clickthrough rates by 10%. With Q3 revenue projected between $535 million and $545 million, Reddit is doubling down on search, deprioritizing other initiatives like its user economy to focus on core product improvements and international growth. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hypebeast
19-07-2025
- Business
- Hypebeast
and wander Unveils FW25 Collection Blending Technical Precision With Urban Utility
Summary and wander'srecently unveiled theirFall/Winter 2025 collectionwhich highlight the brands strive to blend high-performance technical gear with elevated design cues, created for both trail and city life. Known for its ability to merge functional silhouettes with refined textures and deep material research, the FW25 range leans into that ethos even further, offering new layers, collaborations, and standout colors built for shifting climates and long-range wear. The lineup revisits core pieces like the Pertex Rain Jacket, Cordura Typewriter Shirt, and Alpha Direct Hoodie — all built with weather-resistant, breathable fabrics and functional structure. New arrivals, like the Mix Color Shaggy Knit Hoodie, Printed Rain Jacket, and Collarless Shirt Jacket, show the brand's push into more experimental layering, dialing up tactility and visual intrigue without disregarding performance. Textile-wise, the collection goes and Alpha Direct are used throughout, offering lightweight insulation, high durability, and optimal weather resistance. You'll also find merino blends and innovative synthetics with moisture-wicking, quick-dry properties — meant for movement, sweat, and shifting terrain. While most outerwear still reflects that clean sleek silhouette, the collection incorporates a lot of textural elements through the use of knits and layered synthetics adding depth as a whole. The color palette walks the line between grounded and vibrant with shadowy blacks, earth greens, dusty browns, and concrete grays form the core, accented by sharper hits of brighter hues in detailing. It's a palette that still feels rooted in nature, but updated for city nights and colder transitions. Footwear collaborations this season includeParaboot,ROA, andAltra, offering everything from sleek mountain-ready silhouettes to reworked trail hybrids. Each collaboration reflects the shared commitment to design-forward utility, As always, the appeal of their brand retains with articulated cuts, strategic pocketing, reflective trims, and garments that layer seamlessly. The collection perfectly blends between performance outerwear and fashion. Expect the collection to arrive later this year throughthe official and wander website.
The Hindu
09-07-2025
- Politics
- The Hindu
Mamata writes to NITI Aayog Chairperson as a report on West Bengal shows map of Bihar
West Bengal Chief Minister Mamata Banerjee wrote to the NITI Aayog vice-chairperson on Wednesday (July 9, 2025) expressing deep concern that the map intended to show West Bengal in a report has instead printed the map of Bihar. In her letter addressed to Suman Bery, she mentioned the report titled, 'Summary Report for the State of West Bengal' which was published by NITI Aayog on their website and was still available with the wrong map when this report was written. In a post shared on social media handle X, Ms. Banerjee has called this a 'grave lapse in mapping West Bengal' and voiced her 'unequivocal disapproval' for the misrepresentation. In its Summary Report on West Bengal, @NITIAayog has shockingly misrepresented Bengal as Bihar. This is a calculated, deliberate affront to Bengal's identity, culture, and dignity. NITI Aayog must issue an unconditional public apology, immediately correct the document, and hold… — All India Trinamool Congress (@AITCofficial) July 9, 2025 'Such a grave lapse in an official document of a premier national institution is not merely a technical error but an affront to the identity and dignity of the State of West Bengal. Such a blunder in an official publication of NITI Aayog, reflects an alarming lack of diligence and respect towards the States of the Union,' Ms. Banerjee's official letter to the NITI Aayog officials read. She also raised doubts about the rigor and reliability of the institution's work and said that they are a government organisation who the people depend on for authentic information and such misrepresentation can lead to major doubt about the credibility of the organisation. On behalf of the West Bengal Government, the CM asked for an explanation and a formal apology from the NITI Aayog officials and requested them to take immediate corrective steps to rectify the mistake on the official document. She also asked the officials to ensure that such mistakes do not happen in the future. Trinamool Congress also took their official social media handle on X and said that such mislabeling of maps can lead to questions about the credibility of NITI Aayog's reports and publications. 'This is a direct affront to Bengal's identity and dignity, raising serious concerns about the rigour and authenticity,' the TMC official post stated, 'Trust the country's apex policy think tank to confuse Bengal with Bihar in an official state summary.'
Hans India
22-04-2025
- Politics
- Hans India
EC gives point-by-point rebuttal to Rahul's claims on Maharashtra poll percentage and electoral rolls
New Delhi: The Election Commission of India (ECI) on Tuesday came out with a point-by-point rebuttal to the Leader of Opposition (LoP) in Lok Sabha and Congress MP Rahul Gandhi's 'baseless' and 'unwarranted' claims over Maharashtra Assembly elections and the alleged discrepancy in voters list. The EC's rebuttal comes a day after Rahul Gandhi, while being on foreign soil, stated that the poll body was compromised and cited an example of the Maharashtra elections to buttress his claims. He questioned the EC's 'reasoning' of 65 lakh votes being cast in the last two hours of polling and termed it 'physically impossible.' The EC on Tuesday shared facts and data pertaining to Maharashtra elections, to deflate and debunk Congress MP's claims. About 58 lakh voters polled per hour The EC informed that during the Maharashtra Assembly Elections, a total of 6,40,87,588 electors reached the polling station from 7 am to 6 pm and cast their votes. About 58 lakh votes were polled per hour, on average. Further, rejecting his claims of 65 lakh votes in the last two hours as an 'impossible task', it said, 'Going by these average trends, nearly 116 Lakh voters could have voted in last two hours. Therefore, casting of 65 lakhs votes by electors in two hours is much below the average hourly voting trends,' it said. INC candidates/agents didn't raise any alarm The EC further informed that the polling progressed in every polling booth, in front of the polling agents, formally appointed by candidates/political parties. 'Congress's nominated candidates or their authorised agents didn't raise any substantiated allegations with regards to any kind of abnormal voting at the time of scrutiny before the Returning Officer (RO) and the Election Observers on the next day,' it said. Electoral rolls as per established norms Dismissing Congress's charges on electoral rolls, the poll body said that the voters list in the country, including Maharashtra, was prepared as per the Representation of People Act, 1950 and the Registration of Electors Rules, 1960. 'As per law, either just before the elections and/or once every year, Special Summary Revision of the Electoral Rolls is conducted and a final copy of the Electoral Rolls is handed over to all the national/state political parties, including Indian National Congress (INC),' it added. Only 89 appeals against 9 crore voters The EC states that after finalisation of Electoral Rolls during Maharashtra elections, as against 9,77,90,752 electors, only a total of 89 appeals were filed before the 1st appellate authority (DM), and only 1 appeal was filed before the 2nd appellate authority (CEO). 'It therefore makes it clear that there was no grievance of the INC or any other political parties before the conduct of the Maharashtra Assembly Elections in 2024,' it said. EC officials explained that Congress ignored facts The Election Commission also said that it had brought out all these facts in its reply to the INC on December 24, 2024, which is available on ECI's website. It appears that all these facts are being completely ignored while raising such issues again and again. 'During the revision of Electoral Rolls, for 1,00,427 polling booths, along with 97,325 Booth Level Officers appointed by the EROs, 1,03,727 Booth Level Agents were also appointed by all political parties, including 27,099 by the INC. Therefore, these unsubstantiated allegations raised against the Electoral Rolls of Maharashtra are an affront to the rule of law,' the EC said in a statement. Besides refuting the charges, the poll body also slammed the Congress party for spreading misinformation and called it an affront and insult to the rule of law. 'Any misinformation being spread, by anyone, is not only a sign of disrespect towards law, but also brings disrepute to the thousands of representatives appointed by their own political party and demotivates lakhs of election staff who work untiringly and transparently during elections,' it said. Taking strong exception to Rahul's 'EC compromised' remarks, it said that such remarks are aimed at defaming the poll body, which is completely absurd.
Reuters
08-04-2025
- Politics
- Reuters
Pentagon's Hegseth to visit Panama Canal after Trump threatens to take it back
Summary Hegseth is first U.S. defence secretary to visit in decades Panama wrestles with U.S. concerns about Chinese investment U.S. handed waterway to Panama in 1999 PANAMA CITY, April 8 (Reuters) - U.S. Defense Secretary Pete Hegseth is expected to get a close-up look at the Panama Canal on Tuesday, as he kicks off a rare visit to a Central American nation still unsettled by President Donald Trump's threats to take back the canal. Hegseth, the first U.S. defense secretary to visit in decades, arrives at a particularly delicate moment as Panama wrestles with deep U.S. concerns about Chinese commercial investments around the canal. He is also visiting following reports that the Trump administration has requested options from the U.S. military to ensure access to the canal, which the United States built more than a century ago and handed over to Panama in 1999. Given Trump's tough rhetoric about retaking the canal, the stakes are high for Hegseth's visit. Panama will be watching for signs of the direction he wants to take the U.S.-Panama security relationship, and for the canal itself, along which the United States once had a network of military bases. "On the whole, this hasn't been a winning issue for the United States in terms of public diplomacy in Panama," said Ryan Berg, director of the Americas Program at the Center for Strategic and International Studies. Still, current and former U.S. officials and experts say the United States has found a willing partner in tackling Chinese influence in Panama's president, Jose Raul Mulino. In February, Mulino announced Panama's formal move to exit China's Belt and Road Initiative and he has aided Trump's crackdown on migrants. He has accepted deportation flights of non-Panamanians and worked to stem migration from South America by those crossing through his country's dangerous Darien jungle. Hegseth made no public remarks as he arrived in Panama late on Monday. But he has enthusiastically backed Trump's southern-focused security agenda, by means such as dispatching U.S. troops to the U.S. border with Mexico and offering military aircraft for deportation flights. Trump has falsely claimed that China is operating the canal and that Chinese soldiers are present. But experts acknowledge U.S. security concerns, particularly regarding espionage, with an expansive Chinese commercial presence in Panama that also includes plans by Chinese firms to build a bridge over the canal. Last month, Trump celebrated a deal led by U.S. firm BlackRock to buy most of the $22.8-billion ports business of Hong Kong conglomerate CK Hutchison, including its ports on either end of the Panama Canal. Trump said the purchase was an example of how the United States was "reclaiming" the canal. But China has criticized it, with the market regulator saying it will carry out an antitrust review of the deal. Current and former U.S. officials say the Panama Canal would be critical for the passage of U.S. warships during any future conflict in Asia, since Navy vessels would transit from the Atlantic to the Pacific to support the war effort. Even without blocking the canal, China could have an enormous advantage by being able to surveil vessels passing through it. Still, John Feeley, who was U.S. ambassador to Panama from 2015 to 2018, disputed the Trump administration's assertion that China's presence in Panama was a violation of the U.S.-Panama treaty. "What's not legitimate about the way Trump has gone about this is the bullying tactic that he's used, which is to claim that there has been a violation of the neutrality treaty. There hasn't been," Feeley said. Mulino has defended Panama's administration of the canal, saying it has been handled responsibly for world trade, including that of the United States, and that it "is, and will continue to be, Panamanian." More than 40% of U.S. container traffic, valued at roughly $270 billion a year, transits the Panama Canal, accounting for more than two-thirds of vessels passing each day through the world's second-busiest interoceanic waterway.
