Cognizant ai chief has one word for trillion dollar wipeout in stock market triggered by anthropic39s claude ai tools.jpg

Cognizant AI chief has one word for trillion-dollar wipeout in stock market triggered by Anthropic’s Claude AI tools

Image credit: X (Twitter) Cognizant‘s chief AI officer, Babak Hodjat, has described concerns that artificial intelligence will disrupt IT services companies as “overblown.” This comes after Anthropic’s Claude AI tools wiped out more than a trillion dollars from the stock market. Speaking to Reuters, Hodjat said enterprises still require significant support to deploy, integrate, and…

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The trillion-dollar shock: What tariff? How Xi Jinping beat Trump in trade war

President Trump’s trade war strategy – featuring sweeping tariffs – has not curtailed China’s export machine. (AI image) Driving the news:Despite nearly a decade of US tariffs under President Donald Trump, China’s trade surplus has exploded, hitting $1.08 trillion through November – the highest ever recorded globally and a level China didn’t reach until year-end…

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Tesla CEO Elon Musk responds to Pope Leo’s criticism of trillion-dollar pay package with this Bible verse

Tesla CEO and billionaire entrepreneur Elon Musk has finally responded to the criticism from Pope Leo XIV over Tesla’s proposed $1 trillion pay compensation package with a sharp Bible verse. Musk’s response to Pope’s criticism has started a global debate on wealth, corporate ambition and morality. The controversy started when Pope Leo, the first American-born…

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