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    Federal judge dismisses lawsuit against Harvard over federal demand for admissions data

    The Justice Department said Harvard had "thwarted" efforts to investigate potential discrimination. It accused Harvard of refusing to comply with a federal investigation and asked a judge to order the university to turn over the records.

    AI's race to transform the world before the money runs out

    Cumulative spending globally on data centers alone could top $30 trillion by 2050, according to a projection by PwC, almost matching the value of outstanding US Treasuries. It "dwarfs" what was spent in the railroad or dotcom booms, even after adjusting for inflation, PwC said.

    AI's race to transform the world before the money runs out

    Investment in AI technology continues to rise, surpassing historical investments seen in railways and the internet. Major AI firms are expected to spend trillions to develop their infrastructures in the coming years. However, economists express concerns regarding the expected productivity gains and their potential to materialise.

    Meet Julian Shapiro, the New York student who found 3 unusual dwarf galaxies and won $25,000

    Eighteen-year-old Julian Shapiro discovered three isolated dwarf galaxies that lack ongoing star formation, a puzzling combination for astronomers. His research suggests they could be “backsplash” galaxies that once passed near a massive galaxy, lost star-forming gas and moved outward. The work earned Shapiro a $25,000 Davidson Fellows Scholarship.

    Top Business Schools 2026-27: Stanford stays on top, but IIM Bangalore makes a big move in Bloomberg MBA rankings

    Stanford Graduate School of Business has topped Bloomberg Businessweek’s US business school ranking for an eighth straight year, ahead of Wharton and Harvard. In Asia-Pacific, IIM Bangalore’s Executive Post Graduate Programme climbed to second place, making it India’s highest-ranked programme in the list for the fifth consecutive year.

    $40 million Ferrari, $13 million tax twist: 87-year-old billionaire’s charity buy could cut his US tax bill

    Herbert Wertheim purchased a Ferrari electric vehicle for forty million dollars. This significant charitable donation may qualify for a substantial US tax deduction. The purchase price far exceeded the car's estimated fair market value. New tax rules could limit the deduction for top earners. This situation highlights evolving charitable giving regulations for wealthy individuals.

    The Economic Times
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