Vinny Fanneran
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Xiaomi Posts €5.1bn Profit Citing ‘Rapid Expansion’ Across Phones, EV and IoT
Xiaomi reported record results for 2025, with revenue rising 25% to approximately EUR59.3 billion and adjusted net profit increasing 43.8% to EUR5.1 billion. The company experienced significant growth in its smart electric vehicle division, which surged 223.8%, and aims to deliver 550,000 vehicles in 2026. Smartphone sales remained steady, and IoT and lifestyle products also reached new highs.
Google Adds Custom Music Generation to Gemini with New Lyria 3 Model
Google has integrated Lyria 3, a new generative music model, into its Gemini app, allowing users to create 30-second songs with lyrics, vocals, and cover art from text prompts, photos, or videos. This feature aims to make music creation casual and is also being added to YouTube Shorts' Dream Track feature. Google emphasizes that Lyria 3 is designed for original expression and includes AI watermarking via SynthID to identify generated content.
