Apple’s much-anticipated new Siri AI features have arrived with iOS 27, but only select premium devices will access its full capabilities. Meanwhile, Indian fintech Moneyview halves its IPO size amid backing shifts, and Lenskart deepens investments in extended reality tech with another stake increase in AjnaLens.
- Apple’s Siri AI advanced features limited to premium devices with possible subscription model
- Moneyview trims IPO size by 50%, delaying public debut timing
- Lenskart raises stake in AjnaLens to strengthen XR and AI wearables presence
What happened
Apple released its rebuilt Siri AI as part of the iOS 27 update, enhancing the voice assistant with deeper contextual awareness across messages, emails, photos, and app interactions. However, advanced features are available only on high-end devices due to memory and processing requirements, creating a split experience for users.
In India, Moneyview, a prominent digital lending platform, cut the size of its IPO by half from ₹1,500 Cr to ₹750 Cr amid backing investors reducing the number of shares they plan to offer. Meanwhile, Lenskart increased its stake in the XR startup AjnaLens, taking its ownership to over 9%, underlining the company's strategic commitment to AI-powered smart wearables.
Why it matters
Apple’s decision to limit full Siri AI capabilities to premium devices, combined with plans for potential subscription fees for unlimited use starting 2027, positions Siri as a possible high-value service but risks fragmenting its user base. For Indian users, adapting Siri AI to local accents and multilingual usage is critical to adoption but remains a challenge.
Moneyview’s IPO downsizing reflects cautious investor sentiment and strategic recalibration in India’s competitive fintech lending space, especially for platforms serving new-to-credit consumers. Lenskart’s increased investment in AjnaLens signals growing confidence in extended reality as a core innovation area, anticipating demand for cutting-edge AI and smart eyewear technologies.
What to watch next
Market response to Apple’s Siri AI rollout will reveal whether consumers embrace a tiered service model tied to device premiumization and subscriptions. Developer adoption of Siri-compatible apps will also shape the ecosystem’s growth and utility.
Moneyview’s IPO launch timeline remains unclear, so investors and market watchers will track how the fintech adjusts its fundraising strategy and valuation. Additionally, how effectively Moneyview leverages fresh capital to expand lending to underserved segments will be critical.
Lenskart’s continuing investments in AjnaLens and rollout of smart glasses with AI integration will be key to monitoring how this sector evolves in India’s consumer tech market, especially as XR and wearable tech intersect to create new user experiences.