Tech

SpaceX surged 19 per cent on its US stock market debut, valuing the company at $2.2 trillion and making Elon Musk the world’s first trillionaire. The blockbuster IPO drew record demand but raised concerns over stretched valuations and rising losses.

Elon Musk has become the world’s first trillionaire after SpaceX’s record-breaking IPO pushed its valuation to $2.1 trillion. The company’s debut marks a major milestone for the commercial space industry and cements Musk’s position as the richest individual in history.

DRDO has successfully demonstrated a multi-layered ballistic missile defence system and conducted the maiden flight test of a new naval anti-ship missile. The trials mark a major milestone in India’s indigenous defence programme and strengthen its strategic deterrence capabilities.

Defence Minister Rajnath Singh, while inaugurating the Advanced Weapon System Complex at DRDL in Hyderabad, urged DRDO to focus on futuristic technologies to strengthen India’s strategic advantage.

Facebook and Instagram users across multiple countries, including India, faced widespread outages on Friday evening. Beginning around 7 pm IST, thousands reported feeds failing to load, login issues, and app refresh problems.

TCS has entered a strategic partnership with AI company Anthropic to accelerate enterprise AI adoption. The collaboration will enable 50,000 TCS associates to use Claude AI, establish a dedicated business unit, and develop industry-specific solutions for regulated sectors worldwide.

OpenAI has revealed that China-linked actors used ChatGPT to generate content aimed at influencing US debates on tariffs and AI infrastructure. The operations allegedly spread narratives on energy costs and technology policy, prompting concerns over foreign influence in digital discourse.

Google’s AI chatbot Gemini faced an abrupt service disruption on Wednesday, with users reporting widespread unresponsiveness across apps and web platforms. Outage reports surged on Downdetector, highlighting errors and lockups across devices.

Starlink has rejected reports that India has frozen approvals for its satellite internet services, saying discussions with the government remain active and productive. The company said it has complied with regulatory requirements and remains committed to launching services in India.

Network disruptions and elevated latency have affected Google Cloud users in Delhi, Mumbai, Chennai, and nearby regions after a fire at a third-party data centre in Delhi. Google rerouted traffic to maintain services, but customers may continue experiencing latency spikes and suboptimal routing

Starlink said discussions with the Indian government remain active and positive as it awaits final approval to launch satellite internet services. The company reaffirmed its commitment to India, highlighting its potential to improve connectivity in remote and underserved regions

RIL and Meta and will develop a 168-megawatt AI-focused data centre in Jamnagar, powered by renewable energy. The project strengthens India’s position as a global AI infrastructure hub and supports Meta’s growing computing and data requirements

India's Digital India BHASHINI Division and Kathmandu University have signed an MoU to develop multilingual AI resources, digital public infrastructure and language technologies. The partnership aims to preserve linguistic heritage, improve digital inclusion and strengthen India-Nepal technological cooperation.

SpaceX has reportedly signed a cloud services contract with Alphabet worth about $30 billion, supplying Nvidia GPUs and computing capacity from 2026 to 2029. The deal aims to support rising AI demand, with termination clauses tied to chip delivery timelines.

Sky-watchers across India will be able to witness a stunning conjunction of Venus and Jupiter on June 9. The two brightest planets in the night sky will appear unusually close together, creating one of the year's most spectacular naked-eye astronomical events.

NASA has officially ended the MAVEN mission after determining the Mars orbiter is no longer recoverable. The spacecraft, which studied the Martian atmosphere for more than 11 years, lost contact in December 2025 and is now being formally decommissioned.

Florida has filed a lawsuit against OpenAI and CEO Sam Altman, alleging the company knowingly released ChatGPT while concealing safety risks. The complaint claims user harm, ignored warnings, and misuse concerns, while OpenAI denies wrongdoing and defends its safeguards

Several financial changes have come into effect from June 1, including new UPI security measures, revised ATM withdrawal rules, tax-related deadlines and higher commercial LPG prices. Consumers and businesses are also tracking EPFO developments and the RBI's upcoming policy review.

India's digital payments ecosystem continued its strong growth trajectory in May, with UPI transaction volumes rising 24 per cent year-on-year to 23.2 billion. Transaction value touched Rs 29.9 lakh crore, while UPI expanded its presence across multiple international markets.

WhatsApp is testing username-based privacy features allowing users to chat without sharing phone numbers, offering Telegram and instagram-style handles for safer and more private communication.

India’s CDMO sector is rapidly shifting towards AI-enabled hiring, with demand for AI-linked skills rising 178 per cent in two years, according to a CIEL HR report. Experts warn of a widening talent gap as pharmaceutical manufacturing embraces automation and advanced analytics.

Apple is gearing up for its biggest launch of the year and tech enthusiasts are eagerly waiting to get information on the specs and pricing of the upcoming line up. Here is what we know so far

With AI-driven automation causing layoffs in IT and fintech, institutions are offering skilling programmes. IIIT-Hyderabad launched a PG certificate in AI/ML, IIT Guwahati introduced an MTech in Robotics and AI, and NIIT rolled out six GenAI programmes for diverse learners

Microsoft is scaling back employee access to Anthropic’s Claude Code due to rising AI costs, redirecting engineers to GitHub Copilot CLI. Despite rollback, its Anthropic partnership via Azure remains intact as enterprises face surging token-based expenses from generative AI