Microsoft owes $29 billion in back taxes says US government

Amazon Reaches $2 Trillion in Stock Market Value

Amazon Reaches $2 Trillion , in Stock Market Value. On June 26, Amazon became the 5th American company to join the $2 trillion club, NPR reports. . Amazon shares ended the day up nearly 4%, giving the company a $2.01 trillion stock market valuation. . Within the past year, Amazon's stock has gained 52%. Part of that gain can be attributed to investors' enthusiasm about the company's AI endeavors, NPR reports. . A big part of the valuation boost has been cloud and AI. Amazon is going to be a major player in the AI revolution, Dan Ives, Wedbush tech analyst, via NPR. Amazon currently has a chatbot called Q, which businesses that use AWS have access to. . Amazon currently has a chatbot called Q, which businesses that use AWS have access to. . Amazon CEO Andy Jassy recently said that AI has rejuvenated the growth of AWS. The cloud computing unit is reportedly on pace to bring in $100 billion in annual revenue. Amazon recently invested in Anthropic, a California AI company, "to develop so-called foundation models that underpin generative AI systems," NPR reports. . Amazon also makes its own AI chips. The other four U.S. companies that belong to the $2 trillion club are Google, Microsoft, Apple and Nvidia. . The other four U.S. companies that belong to the $2 trillion club are Google, Microsoft, Apple and Nvidia. . The other four U.S. companies that belong to the $2 trillion club are Google, Microsoft, Apple and Nvidia. . The other four U.S. companies that belong to the $2 trillion club are Google, Microsoft, Apple and Nvidia.

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US Tech Firm to Pay $38,000 in Penalties After Posting Job Ad for ‘Whites Only’

US Tech Firm to Pay $38,000 in Penalties , After Posting Job Ad for ‘Whites Only’. In March 2023, Virginia tech firm Arthur Grand Technologies posted a discriminating job ad on Indeed.com, 'The Guardian' reports. . The ad read, "Only U.S. Born Citizens [white] who are local within 60 miles from Dallas.". "[Don't share with candidates]," it added. The ad quickly found attention on social media and via numerous news outlets. Within two months of being posted, the Department of Justice's civil rights division launched an investigation into the company. . On May 23, Arthur Grand Technologies agreed to pay over $38,000 in penalties. $7,500 will go to the U.S. Treasury, and $31,000 will be awarded to those who filed discrimination complaints. $7,500 will go to the U.S. Treasury, and $31,000 will be awarded to those who filed discrimination complaints. The company will also be required to "train its workers on the Immigration and Nationality Act," 'The Guardian' reports. . Arthur Grand CEO Sheik Rahmathullah "vehemently denies any guilt or wrongdoing in relation to the discriminatory job posting," instead blaming a disgruntled employee. Upon discovering this, we took immediate and decisive action to ensure that this type of incident will never happen again, including the immediate termination of the responsible employee, Arthur Grand CEO Sheik Rahmathullah, via statement