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Trump ally Musk calls for US to replace fighter jets with drones

Economic Times

Economic Times · 9m ago

Trump ally Musk calls for US to replace fighter jets with drones

Elon Musk, the billionaire entrepreneur, criticized modern fighter jets and suggested that drones are the future of air combat. Musk specifically mentioned the F-35, a next-generation fighter jet, calling it expensive and unnecessarily complex. He argued that manned fighter jets are obsolete and put pilots at risk. The F-35 has faced development issues and high operating costs, but some experts argue that its electronics and software are the main factors contributing to its expense. Furthermore, the F-35's existence has prompted other countries to develop their own aircraft and radar systems.

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Which tech leaders are expected to attend Trump's inauguration?

Inshorts · 7m ago

Which tech leaders are expected to attend Trump's inauguration?

Multiple business and tech leaders are expected to attend US President-elect Donald Trump's inauguration on January 20. OpenAI CEO Sam Altman, Meta CEO Mark Zuckerberg, Uber CEO Dara Khosrowshahi and Coinbase CEO Brian Armstrong will likely join the celebrations, Bloomberg reported. Musk, a close ally of Trump, is also expected to attend the event.

US finalizes awards to BAE Systems, Rocket Lab for semiconductor chips

Economic Times

Economic Times · 9m ago

US finalizes awards to BAE Systems, Rocket Lab for semiconductor chips

The US Commerce Department is finalizing nearly $60 million in government subsidies for BAE Systems and Rocket Lab. BAE Systems will receive $35.5 million to increase production of semiconductor chips used in F-35 fighter jets and satellites, cutting the company's modernization timeline in half. Rocket Lab's unit, SolAero Technologies Corp, will receive $23.9 million to boost the production of space-grade solar cells by 50% over the next three years. The subsidies are part of the Biden administration's $52.7 billion Chips and Science program. The Commerce Department aims to complete as many agreements as possible before President-elect Donald Trump takes office.

Elon Musk and Donald Trump: A bromance gone wrong

Economic Times

Economic Times · 2m ago

Elon Musk and Donald Trump: A bromance gone wrong

The relationship between Elon Musk and Donald Trump deteriorated after Musk criticized Trump's economic bill, calling it a "disgusting abomination." Trump expressed disappointment in Musk, claiming Musk's criticisms surfaced only after leaving his government role. The conflict escalated as Musk threatened to decommission SpaceX's Dragon spacecraft and alleged Trump's connection to Jeffrey Epstein. Trump defended the bill as crucial for America’s economic future, while Musk publicly supported calls for Trump’s impeachment.

PM Modi meets Elon Musk during US visit

Economic Times

Economic Times · 6m ago

PM Modi meets Elon Musk during US visit

During his U.S. visit, Prime Minister Narendra Modi met with Elon Musk to discuss space, mobility, technology, and innovation. They also talked about India's reform efforts aimed at 'Minimum Government, Maximum Governance.' Modi met Musk's family as well. Musk, a key ally of President Donald Trump, did not respond to reporters after the meeting. Modi also discussed enhancing intelligence cooperation with Tulsi Gabbard, focusing on counter-terrorism, cybersecurity, and strategic intelligence sharing.

Trump signs orders intended to jolt US drone manufacturing

Economic Times

Economic Times · 2m ago

Trump signs orders intended to jolt US drone manufacturing

President Trump signed executive orders to boost the US drone industry, addressing security threats and reducing reliance on foreign drones, particularly from China. The orders aim to expand drone use, enforce stricter regulations, and promote US-made drones. They also involve enabling drones for vertical takeoffs, revising airspace restrictions, and enhancing penalties for airspace violations. These measures underscore Trump's effort to strengthen the domestic drone sector and reduce foreign dependence.

What Elon Musk needs from China

Economic Times

Economic Times · 9m ago

What Elon Musk needs from China

Elon Musk, CEO of Tesla, has a complex relationship with China, a country that President-elect Donald Trump has vowed to confront with higher tariffs. Tesla makes half its cars in China and faces strong competition from Chinese automakers. Musk has personally appealed to China's premier for permission to proceed with Tesla's Full Self-Driving technology. Experts speculate that China may use Musk as an ally to persuade Trump to take a more conciliatory approach on trade. Musk's other companies also face formidable competition from Chinese businesses in the solar energy, battery, and space launch industries. However, Tesla remains at a disadvantage in China as it has not received approval for Full Self-Driving, while Chinese companies have introduced similar technologies. Moreover, Tesla faces potential political risks in China, as the Biden administration considers banning cars from China or Russia with connections to digital networks. It remains uncertain how long Musk's alliance with Trump can last and its impact on Sino-American commercial relations.

Elon Musk’s timeline at DOGE: From ambitious reforms to abrupt exit

Economic Times

Economic Times · 3m ago

Elon Musk’s timeline at DOGE: From ambitious reforms to abrupt exit

Elon Musk concluded his brief role at the Department of Government Efficiency (DOGE) after being appointed by President Trump to streamline federal operations. During his tenure, DOGE initiated cost-cutting measures, including auditing credit cards and canceling leases, but faced criticism and legal scrutiny. Musk's involvement drew media attention, ethical questions, and protests, while raising concerns about conflicts of interest with his businesses. Despite calls for his resignation, Musk thanked Trump and exited amid ongoing governmental challenges.

"Something needs to change": Elon Musk questions X's ban in China after TikTok ban reversal

Economic Times

Economic Times · 7m ago

"Something needs to change": Elon Musk questions X's ban in China after TikTok ban reversal

Tesla CEO Elon Musk praised President-elect Trump’s decision not to ban TikTok, citing freedom of speech. He noted the imbalance that TikTok operates in the US while X is banned in China, calling for change. Despite a potential benefit to X, Musk opposed TikTok's US ban. Trump agreed to approve TikTok if the US owns 50% to save American jobs. The Chinese app thanked Trump for restoring US access, attributing positive outcomes to the "Trump Effect."

Dassault Strikes Landmark Fighter Jet Deal with Tata for Made-in-India Boost

StartupTalky

StartupTalky · 2m ago

Dassault Strikes Landmark Fighter Jet Deal with Tata for Made-in-India Boost

Dassault Aviation has partnered with Tata Advanced Systems Limited (TASL) to boost India's defense manufacturing industry through a landmark deal for producing fighter jets, notably Rafales, domestically. This collaboration, a strategic move to meet a future Indian Air Force requirement for 114 multi-role aircraft, could transform global defense markets. The Hyderabad production line aims to deliver two fuselages monthly by 2028, significantly enhancing India's aerospace capabilities.

'Get a Narayana Murthy, Anand Mahindra to head DOGE in India': CIO urges corporate-style accountability in govt

Business Today

Business Today · 6m ago

'Get a Narayana Murthy, Anand Mahindra to head DOGE in India': CIO urges corporate-style accountability in govt

In the US, federal employees must now list weekly accomplishments or risk being considered resigned, a controversial policy supported by Elon Musk and the Trump administration. This demand for accountability mirrors calls in India for corporate-style accountability in government, suggesting that leaders like Narayana Murthy and Anand Mahindra could influence a shift towards a more performance-oriented approach in governance, potentially improving efficiency and transparency in public administration.

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