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Microsoft received Notices of Proposed Adjustment from the Internal Revenue Service for an additional tax payment of $28.9 billion, the company said in an 8-K filing Wednesday. It said up to $10 billion in taxes that the company has already paid are not reflected in the proposed adjustments made by the IRS. Microsoft plans to contest the notices through the IRS' administrative appeal and is willing to go to judicial proceedings, if necessary. "Microsoft disagrees with these proposed adjustments and will pursue an appeal within the IRS, a process expected to take several years," the company said in its filing. "We believe we have always followed the IRS's rules and paid the taxes we owe in the U.S. and around the world."
Organizations: Microsoft, Internal Revenue Service, IRS Locations: U.S
Uber announced on Wednesday that its Uber Eats app now allows customers to order from two stores at the same time. Uber said it's part of an effort by Uber to be more green and to help save customers money. It may help the company keep customers from using competitors like DoorDash, which has had a similar feature since 2021. Unlike DoorDash's option, Uber Eats allows you to add from a secondary location before checkout. Once you finish choosing food from your first location, you'll see a notification bar that says "Bundle another store" which lets you add goods from somewhere else.
Persons: Uber Organizations: CNBC
The company announced Tuesday in a blog post that it is making passkeys a default option for personal Google accounts after positive feedback from users. Passkeys, which Google started using in May, are a safer and faster alternative to passwords and make it so people do not have to remember numerous passwords, Google said. The passkeys run on facial recognition, fingerprint scan or a PIN number, making phishing attacks ineffective at swiping passwords. "We'll keep you updated on where else you can start using passkeys across other online accounts," Google said in the blog. "In the meantime, we'll continue encouraging the industry to make the pivot to passkeys — making passwords a rarity, and eventually obsolete."
Persons: Sundar Pichai, we'll Organizations: Google, Shoreline, YouTube, eBay Locations: Mountain View , California
Tesla stock dips after China EV sales fall 11%
  + stars: | 2023-10-09 | by ( Jake Piazza | In Jakepiazza | ) www.cnbc.com   time to read: +1 min
The new Tesla Model 3+ is on sale at a Tesla store in Hangzhou, Zhejiang province, in China, on Sept. 26, 2023. Tesla stock dipped about 2% Monday after its sales of China-made electric vehicles decreased 10.9% year over year for the month of September, according to a report from the China Passenger Car Association published Sunday. Sales for the Model 3 and Model Y vehicles made in China were down 12% from August to September. The company slashed prices for some of its Model 3 and Model Y vehicles in the U.S. on Oct. 6. Tesla will report third-quarter earnings on Oct. 18.
Persons: Tesla Organizations: Tesla, China Passenger Car Association, U.S . Locations: Hangzhou, Zhejiang province, China, U.S
Snap is under investigation in the U.K. over privacy risks associated with the company's generative artificial intelligence chatbot. If the ICO's provisional findings result in an enforcement notice, Snap may have to stop offering the AI chatbot to U.K. users until it fixes the privacy concerns. The AI chatbot, which runs on OpenAI's ChatGPT, has features that alert parents if their children have been using the chatbot. Other forms of generative AI have also faced criticism as recently as this week. Bing's image-creating generative AI has been used by extremist messaging board 4chan to create racist images, 404 reported.
Persons: John Edwards, chatbot Organizations: Commissioner's, ICO, CNBC, Washington Post
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