The Biden administration has imposed a multimillion-dollar penalty on Microsoft after the company was found to have engaged in trade with certain sanctioned nations, including Russia and Iran. The Department of Treasury’s Office of Foreign Assets Control (OFAC) has decided on a $2.98 million settlement with Microsoft Corporation. The settlement is related to the company’s…
Microsoft Fined More Than $3 Million in Penalties for Multiple Sanctions Violation
Walmart Sees Sustained Pressure From Inflation as It Begins Automation Push
Walmart said on Wednesday that inflation would continue to pressure its business this year, and that it would slow its pace of hiring as it builds out automation technology. “We believe, over time, the number of associates will grow, but at a slower pace than in the past as we complement people growth with technology…
EV Charging Stations Coming to Thousands of Walmart Stores Nationwide
Walmart is planning to add thousands of electric vehicle-charging stations at its stores by the end of the decade even as EV adoption faces multiple challenges like the high cost of acquisition. “By 2030, we intend to build our own EV fast-charging network at thousands of Walmart and Sam’s Club locations coast to coast,” Walmart…
International Authorities Bring Down Criminal Online Platform ‘Genesis Market’
U.S. law enforcement authorities along with international partners have disrupted a “criminal online marketplace” that stole data from millions of computers infected with malware. Founded in March 2018, Genesis Market was an online platform that offered access to data stolen from more than 1.5 million compromised computers containing over 80 million account access credentials. In…
AI Will Replace Nearly Five Million American Jobs: Challenger Gray Report
With its current pace of development, artificial intelligence (AI) has the potential to replace millions of jobs rather than simply automating specific tasks, according to an executive coaching firm, with the report coming out amid a tightening of the labor market. Chicago-based Challenger Gray asked OpenAI’s popular chatbot, “What jobs can ChatGPT replace?” to which…
Security Firm Warns Android Smartphone Users Should Update Their Phones Now
Google this week announced that users should update their Android smartphones as soon as possible due to multiple vulnerabilities that can lead to “remote code execution.” In a bulletin issued in April 3, “The most severe of these issues is a critical security vulnerability in the System component that could lead to remote (proximal/adjacent) code…
Ford to Drop AM Radio From Most New Vehicles
April 6, 2023
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Ford Motor Co. is preparing to drop AM radio from most of its new vehicles next year, according to a report. The Detroit-based automaker confirmed the move to the Detroit Free Press on April 1, despite concerns from federal officials over American drivers losing access to safety alert broadcasts over the airwaves. “We are transitioning from AM…
Warning Issued About Malware Scam Targeting Taxpayers With Deceptive IRS Forms
A top antivirus software purveyor issued a warning about a scam targeting taxpayers with false Internal Revenue Service (IRS) forms that lure people into downloading malware. MalwareBytes, in a release, said it “found an email being sent out with the title of ‘IRS Tax Forms W-9’ which appears to have been sent from ‘IRS Online…
Bill Gates Opposes Pausing AI Development, Reveals Different Plan
Microsoft co-founder Bill Gates has issued his first public remarks in response to a proposal endorsed by Elon Musk and scores of artificial intelligence experts who demanded an urgent pause to the development of advanced forms of AI due to “profound risks to society and humanity.” Gates told Reuters in an interview that calls to…
Biden Says Tech Companies Must Ensure AI Products Are Safe
WASHINGTON—President Joe Biden said Tuesday it remains to be seen if artificial intelligence is dangerous, but that he believes technology companies must ensure their products are safe before releasing them to the public. Biden met with his council of advisers on science and technology about the risks and opportunities that rapid advancements in artificial intelligence…
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