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Elon Musk’s SpaceX is likely to be on the cusp of making history, and this may also change aerospace engineering for good. SpaceX has officially fired the ignition switch on the largest initial public offering (IPO) the world has ever seen. The private space giant has formally submitted its Form S-1 paperwork with the US…
TOI correspondent from Washington: In the summer of 1976, a Kanpur-born teenage engineering student from BITS Pilani stood in the lobby of the US embassy in New Delhi after being denied a student visa for the third time. His father, who had accompanied him, refused to leave. He had seen the photo of the consular…
The ongoing US military campaign against Iran has already cost Washington nearly $29 billion, exceeding the Pentagon’s earlier estimate of $25 billion, while experts warn the final financial burden could eventually climb to as much as $1 trillion.Jay Hurst, the Pentagon comptroller, informed a House Appropriations Committee hearing on Tuesday that the updated estimate reflects…
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…
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…
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…
