IRS Says Microsoft Owes , $29 Billion in Back Taxes.
According to an SEC filing, the tech giant
owes the IRS $28.9 billion "plus penalties
and interest," The Verge reports.
Tax years 2004-2013 are reportedly
what Microsoft owes money for. .
Daniel Goff, Microsoft’s corporate
VP for worldwide...
The Multi-Cloud Storage Service offers a single, intuitive interface for interacting with industry-leading cloud storage platforms like Amazon S3, Google Cloud.. DNA
Microsoft Makes $1.5 Billion , Investment in Leading , UAE Technology Firm.
Microsoft Makes $1.5 Billion , Investment in Leading , UAE Technology Firm.
'The Independent' reports that Microsoft has announced
a $1.5 billion investment in a leading United Arab
Emirates-based artificial intelligence firm. .
'The Independent' reports that Microsoft has announced
a $1.5 billion investment in a leading United Arab
Emirates-based artificial intelligence firm. .
The deal, overseen by the UAE's powerful national security
adviser, will see Microsoft president Brad Smith join
technology holding company G42's board of directors.
The deal, overseen by the UAE's powerful national security
adviser, will see Microsoft president Brad Smith join
technology holding company G42's board of directors.
The UAE's national security adviser,
Sheikh Tahnoon bin Zayed Al Nahyan, is the
current chairman of G42's board of directors. .
In a statement released on April 16, Microsoft
said the deal “was developed in close consultation
with both the UAE and U.S. governments.”.
In a statement released on April 16, Microsoft
said the deal “was developed in close consultation
with both the UAE and U.S. governments.”.
G42, which runs data centers in the Middle East
and elsewhere, has built the world's leading
Arabic-language AI model, Jais. .
According to Microsoft, G42 will move its
AI applications and services over to the U.S.
tech giant's cloud computing platform. .
According to Microsoft, G42 will move its
AI applications and services over to the U.S.
tech giant's cloud computing platform. .
The deal will also look to bring digital infrastructure
to regions that G42 has already established
a presence, including the Middle East and Africa.
'The Independent' reports that G42 previously cut ties with
Chinese hardware suppliers to limit U.S. concerns that
the company was closely tied to the Chinese government.
'The Independent' reports that G42 previously cut ties with
Chinese hardware suppliers to limit U.S. concerns that
the company was closely tied to the Chinese government.
Prior to Microsoft's investment, the company
reportedly faced allegations of spying for its
connection to a mobile phone app identified as spyware.
The tech company also faced accusations
that it gathered genetic material from
U.S. users for the Chinese government. .
The tech company also faced accusations
that it gathered genetic material from
U.S. users for the Chinese government.
Credit: Wibbitz Top Stories Duration: 01:31Published
US Government Emails With Microsoft , Were Stolen by Russian Hackers.
On April 11, American officials confirmed
that emails sent between Microsoft and
U.S. government agencies have been
stolen by Russian hackers, CNN reports. .
According to Eric Goldstein, a senior
official at the U.S. Cybersecurity and Infrastructure Security Agency (CISA), .
those emails may have included login information like usernames and passwords.
At this time, we are not aware of any
agency production environments that
have experienced a compromise as
a result of a credential exposure. , Eric Goldstein, a senior official at the U.S. Cybersecurity
and Infrastructure Security Agency (CISA), via CNN.
Even though there is currently no evidence that the stolen credentials have been used to compromise federal computer systems, .
CISA described the occurrence as an "unacceptable risk to agencies.".
As a result, the agency released an "emergency directive" on April 11 ordering those potentially affected by the hack to bolster their defenses. .
The hack was first revealed by
Microsoft in January, but it has gotten more serious as new details continue to emerge.
CNN reports that the U.S. has
previously linked the hackers in question
to Russia's foreign intelligence service. .
A Microsoft spokesperson
issued a statement on April 11.
As we shared in our March 8 blog,
as we discover secrets in our
exfiltrated email, we are working
with our customers to help them
investigate and mitigate, Microsoft spokesperson, via CNN.
This includes working with CISA on
an emergency directive to provide
guidance to government agencies, Microsoft spokesperson, via CNN
Credit: Wibbitz Top Stories Duration: 01:30Published
NYC’s AI Chatbot Has Been , Telling Businesses to Break the Law.
New York City's AI chatbot was created to help small business owners, but it's been dispensing concerning advice, AP reports. .
For example, many small business owners have
been given inaccurate information about local policies or been encouraged to break the law.
However, the city is not removing
the chatbot from its official website.
Instead, it has provided a disclaimer stating that the chatbot may "occasionally produce incorrect, harmful or biased" information.
Critics say that the situation highlights
the dangers of AI being used by
governments without proper guardrails.
They’re rolling out software that
is unproven without oversight, Julia Stoyanovich, computer science professor
and director of the Center for Responsible AI
at New York University, via statement.
It’s clear they have no intention
of doing what’s responsible, Julia Stoyanovich, computer science professor
and director of the Center for Responsible AI
at New York University, via statement.
There’s a different level of trust that’s
given to government. Public officials need
to consider what kind of damage they can
do if someone was to follow this advice
and get themselves in trouble, Jevin West, a professor at the University of Washington and
co-founder of the Center for an Informed Public, via statement.
Microsoft, which powers the chatbot, said it
is working with the city "to improve the service
and ensure the outputs are accurate and
grounded on the city’s official documentation.".
On April 2, Mayor Eric Adams said that
letting users find issues with the chatbot is just part of sorting out the new technology.
Anyone that knows technology knows this
is how it’s done. Only those who are fearful
sit down and say, ‘Oh, it is not working the
way we want, now we have to run away from
it all together.’ I don’t live that way, Mayor Eric Adams, via statement.
Julia Stoyanovich, a computer science professor and director of the Center for Responsible AI at New York University, referred to Adams' approach as "reckless and irresponsible," AP reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
OpenAI and Microsoft Make Plans , for $100 Billion Data Center.
According to The Information, the two companies are planning to build a data center that would house an AI supercomputer
called "Stargate," Reuters reports.
According to The Information, the two companies are planning to build a data center that would house an AI supercomputer
called "Stargate," Reuters reports.
The project, which could cost $100 billion or more, is reportedly set to launch in 2028.
The tentative cost is roughly 100 times
more expensive than some of the
biggest data centers that exist today. .
Demand for AI data centers has increased due to
the rapid advancement of generative artificial intelligence technology, Reuters reports. .
This is because traditional data
centers aren't as capable of handling
the advanced tasks that AI requires. .
Several supercomputers
would be built across five phases.
"Stargate" would be launched in the fifth phase, while a smaller supercomputer would be launched
in the fourth phase, tentatively around 2026.
Microsoft and OpenAI are reportedly
in the third phase currently.
We are always planning for
the next generation of infrastructure
innovations needed to continue
pushing the frontier of AI capability, Microsoft spokesperson, to Reuters .
The cost for the next two phases largely revolves around acquiring expensive AI chips.
In March, Nvidia CEO Jensen Huang said
that the newest "Blackwell" B200 AI chip
will cost between $30,000 and $40,000
Credit: Wibbitz Top Stories Duration: 01:31Published
China-Based Hackers , Hit With Sanctions and Indictments , Over Cyber Attacks.
ABC reports that the United States has
sanctioned hackers based in China over
alleged attacks on critical U.S. infrastructure.
According to the U.S. Treasury Department,
a state-sponsored front company has provided
cover for multiple cyber attacks on U.S. infrastructure. .
Sanctions by the U.S. and the United Kingdom have
targeted representatives of Wuhan Xiaoruizhi
Science and Technology Company Ltd. (Wuhan XRZ).
The U.S. Treasury Department alleges
that Wuhan XRZ acts as a China-based
Ministry of State Security (MSS) front company. .
ABC reports that the allegations include malicious cyber operations that include the 2020 spear phishing operation against the U.S. Naval Academy. .
ABC reports that the allegations include malicious cyber operations that include the 2020 spear phishing operation against the U.S. Naval Academy. .
On March 25, the U.S. Justice Department indicted seven individuals on charges stemming from their alleged involvement with these malicious operations.
On March 25, the U.S. Justice Department indicted seven individuals on charges stemming from their alleged involvement with these malicious operations.
The Justice Department will not
tolerate efforts by the Chinese
government to intimidate Americans
who serve the public, silence the
dissidents who are protected
by American laws, or steal
from American businesses, Merrick Garland, Attorney General statement, via ABC.
This case serves as a reminder
of the ends to which the Chinese
government is willing to go to
target and intimidate its critics,
including launching malicious cyber
operations aimed at threatening
the national security of the
United States and our allies, Merrick Garland, Attorney General statement, via ABC.
ABC reports that court documents show
that the hackers targeted politicians and
other prominent officials with "tracking links.".
The Conspirators used this method
to enable more direct and sophisticated
targeting of recipients' home routers
and other electronic devices,
including those of high-ranking U.S.
government officials and politicians
and election campaign staff from
both major U.S. political parties, Court documents, via ABC.
The Conspirators used this method
to enable more direct and sophisticated
targeting of recipients' home routers
and other electronic devices,
including those of high-ranking U.S.
government officials and politicians
and election campaign staff from
both major U.S. political parties, Court documents, via ABC
Credit: Wibbitz Top Stories Duration: 01:30Published
IRS Says Deadline Approaching , For Over $1 Billion , in 2020 Tax Refunds.
NBC reports that the Internal Revenue Service has
alerted anyone who didn't file a tax return at the height
of the pandemic that they may be eligible for a refund.
According to the IRS, over $1 billion
in unclaimed refunds for 2020
are waiting to be claimed. .
Due to the COVID-19 pandemic,
U.S. taxpayers got an extension on
the normal three-year filing window. .
The new due date is now May 17, 2024,
meaning the last chance for taxpayers
to claim their 2020 refund is looming. .
There’s money remaining
on the table for hundreds
of thousands of people who
haven’t filed 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC.
There’s money remaining
on the table for hundreds
of thousands of people who
haven’t filed 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC.
We want taxpayers to claim these refunds,
but time is running out for people who may
have overlooked or forgotten about these
refunds. There’s a May 17 deadline to file
these returns so taxpayers should start
soon to make sure they don’t miss out, Danny Werfel, IRS Commissioner, via NBC.
According to IRS estimates, , the median refund , for 2020 was $932. .
People faced extremely unusual
situations during the pandemic,
which may have led some people
to forget about a potential refund
on their 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC.
People may have just overlooked these,
including students, part-time workers
and others. Some people may not realize
they may be owed a refund. We encourage
people to review their files and start
gathering records now, so they don’t
run the risk of missing the May deadline, Danny Werfel, IRS Commissioner, via NBC.
People may have just overlooked these,
including students, part-time workers
and others. Some people may not realize
they may be owed a refund. We encourage
people to review their files and start
gathering records now, so they don’t
run the risk of missing the May deadline, Danny Werfel, IRS Commissioner, via NBC.
NBC reports that the IRS noted that 2020
tax refunds could be withheld if the taxpayer
also failed to file returns in 2021 or 2022
Credit: Wibbitz Top Stories Duration: 01:31Published