DIRS.INFO The most relevant business & tech news

☆ Herbal compresses have been used for thousands of years. Researchers in Thailand are exploring the science behind them
▼ + stars: | 2024-12-12 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +7 min

It’s a familiar smell for spa-goers: a traditional Thai herbal compress. CNNLike other countries in Southeast Asia, alternative therapies are popular in Thailand, with surveys finding herbal medicine usage common among the population, particularly in rural areas. A growing industryThailand is one of a handful of countries that has invested heavily in traditional medicine research and legislation. Thammasat University's Thai Traditional Medicine Research Center is in Pathum Thani, just north of Bangkok. “The challenge is to make this traditional knowledge more accessible while preserving it for future generations and sharing it globally,” she adds.

Persons: Arunporn Itharat, ”, zingiber montanum, “ Elders, Itharat, Thammasat, there’s Organizations: CNN, World Health Organization, WHO, of Excellence, Thai Traditional Medicine Research, Thammasat University, Technology, “, Thailand’s National Science and Technology Development Agency, National Electronics, Computer Technology, Thai Traditional Medicine Clinic, Traditional Medicine Research, Chinese Medicine Locations: Thailand, Thai, Pathum Thani, Southeast Asia, Technology Asia, ”, Bangkok, CNN China, India, China, Taiwan

☆ Apple's rollout of new ChatGPT-powered Siri, AI image tools extends record stock rally
▼ + stars: | 2024-12-11 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

The news The added Apple Intelligence features — including the infusion of the OpenAI chatbot and new image-generating and editing tools — became available to the public Wednesday in the latest version of the company's mobile operating system, iOS 18.2. To be sure, Apple Intelligence is only available on newer Apple devices, specifically the iPhone 15 Pro and this year's iPhone 16 models. Certain Macs and iPads will have access to the newest AI features as well. "Overall, a staggered rollout of iOS18.2/3/4 Apple Intelligence features makes [iPhone 16/17] cycle different from prior cycles," said the Citi analysts, who reiterated their buy rating on the stock. AI adoption also could boost Apple's high-margin services business if users are willing to pay monthly fees to access additional Apple Intelligence features down the line.

Persons: Siri —, Apple, Siri, Apple Intelligence —, Tim Cook, —, It's, Jim Cramer, Jeff Marks, Jim, Jim Cramer's, Jaque Silva Organizations: Apple, Apple Intelligence, Conference, Citi, Tuesday, CNBC, Nurphoto, Getty

☆ 'Dune: Prophecy' is based on a book — but not one written by 'Dune' author Frank Herbert
▼ + stars: | 2024-11-18 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

The story is based both on "Dune" and the prequel novel "Sisterhood of Dune." Discovery after a merger, it started development on a "Dune" prequel series focused on the politically savvy, supernaturally powered sect of women. "Dune: Prophecy" is partly based on Frank Herbert's seminal science fiction work and on "Sisterhood of Dune," a novel written by Herbert's son Brian Herbert and sci-fi author Kevin J. Anderson. Attila Szvacsek/HBO'Sisterhood of Dune' is a prequel novel set in the 'Dune' universeFrank Herbert's "Dune" novels compose only a small part of the franchise. Advertisement"Sisterhood of Dune" is part of the "Great Schools of Dune" prequel series written by the two, and it was published in 2012.

Persons: Frank Herbert's, Denis Villeneuve's, Bene, we're, Paul Atreides, Timothée Chalamet, Herbert's, Brian Herbert, Kevin J, Anderson, Jessica Barden, Valya, Attila Szvacsek, Brian, It's, Raquella Berto, Anirul, Mother, Manford Torondo, Vorian, Emperor Salvatore Corrino, Roderick, Anna, Valya's, Griffin, Tula, Doretea, Emperor, Wallach IX, Travis Fimmel, Desmond Hart, Ynez, Constantine Corrino, Jordan Goldberg, Emily Watson, Goldberg Organizations: Warner Bros, HBO, Max

☆ Forget Nvidia: Here's how one CIO is positioning after the rate cut
▼ + stars: | 2024-09-30 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The U.S. Federal Reserve's bumper 50-basis-point interest rate cut has been the talk of the market as investors evaluate sectors and stocks. Kingsley Jones, a chief investment officer at the Sydney-headquartered Jevons Global, says the rate cut has "supported the market." Avoid semiconductor equipment Jones is avoiding sectors like semiconductor equipment that companies have been spending more on, following interest in building AI infrastructure and chip factories. He warned of the impact that U.S. sanctions might have on semiconductor equipment plays. "So, I'd avoid the semi equipment sector trade out of that," he added.

Persons: Kingsley Jones, Jevons, Jones, it's, wasn't Organizations: U.S, Sydney, Tech, Big Tech, Nvidia, AbbVie Inc, Costco, Oracle Locations: Federal, United States, China

☆ Southwest Airlines is getting rid of open seating
▼ + stars: | 2024-07-25 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

Southwest said customers were clamoring for these changes – when people switch to a competitor from Southwest, the company said the No. But the change will also help the company charge some passengers more for their tickets. “The research is clear and indicates that 80% of Southwest customers, and 86% of potential customers, prefer an assigned seat,” said the airline in a statement. Southwest doesn’t charge for carry on bags and has long allowed passengers to check two bags for free. The premium seats, which will offer more legroom, will not be available until 2025 as it will require reconfiguring its planes.

Persons: ”, Max Organizations: New, New York CNN, Southwest, United, Delta, Boeing Locations: New York, Southwest, Delta

☆ Global tech outage prompts California forecaster to give creative weather report
▼ + stars: | 2024-07-20 | by ( Ashley R. Williams | ) edition.cnn.com time to read: +4 min

The widespread disturbance affected 8.5 million Windows devices, or fewer than 1% of all Windows machines, Microsoft said Saturday. He says he rushed into work to find that, sure enough, they had no weather graphics available. Donion and his producer teamed up to figure out how they could display a weather forecast on air with the systems down, he said. KRCR forecaster Preston Donion improvised his weather visuals amid the global tech outage. #CAwx pic.twitter.com/eXoWfJiBaJ — Preston Donion (@PrestonDonion) July 19, 2024“I definitely got some messages on Facebook and on Twitter saying, ‘Hey, you know, thanks for adapting.

Persons: CrowdStrike, Preston Donion, ” Donion, ”, Donion, who’s, familiarizing, “, Trinity, it’s, eXoWfJiBaJ — Preston Donion, ‘, ’ ” Donion, I’d, ’, Elisa Raffa, ” Raffa, they’d, Dalia Faheid Organizations: CNN, Microsoft Locations: Northern California, Redding , California, KRCR, Washington, California, Modoc County

☆ Oracle boosts its generative AI capabilities as cloud competition heats up
▼ + stars: | 2024-04-29 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +4 min

(Photo by PAU BARRENA / AFP) (Photo by PAU BARRENA/AFP via Getty Images)U.S. cloud infrastructure provider Oracle is boosting its generative AI capabilities as cloud competition intensifies and more companies jump into AI. Oracle has been introducing generative AI capabilities into its cloud infrastructure and applications to complement the traditional AI already embedded in them. The generative AI capabilities can perform tasks such as generating financial reports and drafting job ads, improving productivity and reducing business costs, Oracle said. JPMorgan has said generative AI and AI could drive incremental IT spending and growth across the software landscape. "Generative AI services [are] basically a huge advantage comparing with our competition.

Persons: PAU BARRENA, ChatGPT, Rondy Ng, it's, Ng, Dan Ives, Ellison, Ives, Larry Ellison, Gartner Organizations: Mobile World Congress, MWC, Getty Images, Oracle, CNBC, Wedbush Securities, JPMorgan Locations: Barcelona, AFP, U.S

☆ Bill Gates Is Still Pulling Strings at Microsoft, Overseeing AI Ideas
▼ + stars: | 2024-04-29 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +13 min

In fact, Business Insider has learned, Gates has been quietly orchestrating much of Microsoft's AI revolution from behind the scenes. The company, Nadella promised, would "continue to benefit from Bill's ongoing technical passion and advice to drive our products and services forward." According to two executives, Gates' memo treated as gospel, sparking Microsoft's push to take the lead in the AI arms race. Now, it seemed, OpenAI might offer Microsoft a way to help forge the AI future that Gates had long envisioned. According to two executives, Gates' words were treated as gospel, helping spark Microsoft's push to take the lead in the AI arms race.

Persons: Bill Gates, Satya Nadella, Gates, Siri, They're, Clippy, Copilot, That's, Sam Altman, — Gates, Satya, Nadella, Steve Ballmer, Peter Thiel bashed, Bill, Melinda, Jeffrey Epstein, Nadella's, Rather, OpenAI, Kevin Scott, Scott, Altman, you'll, OpenAI's, Bing —, Bing, Steve, Sam, Kayla Wood, Frank Shaw, Shaw, —, Charles Lamanna, Jaime Teevan, Jeff Teper, Charlie Bell —, He's, Forbes, Mustafa Suleyman, DeepMind, Bill G, Suleyman, aren't, hadn't, there's, Ashley Stewart Organizations: Microsoft, Agents, Business, Google, Wired, Street Journal, Rover, Steve Jobs, OpenAI, Amazon Web Services Locations: Tay, Gates, Clippy, Washington, Redmond , Washington, Seattle

☆ I got my dream job at Apple on my fourth attempt. Here's why I left the 6-figure job after only 2 years.
▼ + stars: | 2024-04-25 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +4 min

Corey Griffin landed a job as a software engineer at Apple after showcasing his side hustles. He worked for Apple Music but left to pursue his business this year. I applied for a job at Apple 4 timesI landed a job as a software engineer at Apple in August 2021. I left my Apple job after 2 yearsI worked on software for the Apple music team, including radio and podcasts. I left Apple in December 2023 to pursue my media business full-time, particularly the Speakflow product.

Persons: Corey Griffin, Griffin, —, Vox, I'd Organizations: Apple, Apple Music, Service, Los Angeles . Business, Big Tech, Stanford, Harvard, Rotten Locations: Los Angeles, Culver City , California

☆ Putin looms over a third successive US election
▼ + stars: | 2024-02-22 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —“Russia, Russia, Russia.”Ex-President Donald Trump’s scathing catch phrase for a torrent of investigations during his administration also serves as an apt catch-all for the current meltdown over Moscow roiling US politics. But Russia and its leader, whom President Joe Biden described as a “crazy S.O.B.” at a Wednesday fundraiser, won’t go away. All the ways Putin is playing in US politicsPutin is advancing Russian interests against the US on multiple fronts. Putin recently formalized his warming ties with North Korean tyrant Kim Jong Un by presenting him with a new limousine. The Russian leader was particularly incensed by the US-led operation to topple Libyan leader Moammar Gadhafi in 2011.

Persons: CNN —, ”, Donald Trump’s, Joe Biden, won’t, Vladimir Putin, Putin, Ukraine –, –, Alexander Smirnov, “, Trump, Smirnov, Biden, it’s, Putin can’t, ” Douglas, Alexey Navalny, Biden lambasts Trump, ” Biden, Volodymyr Zelensky, Ronald Reagan, Mikhail Gorbachev, he’s, he’d, Mike Turner, Ksenia, Paul Whelan –, Evan Gershkovich, Geopolitically, Kim Jong Un, George W, Bush, Barack Obama, Moammar Gadhafi, Hillary Clinton, Robert Mueller, “ We’ll, Mueller Organizations: CNN, Kremlin, United States, European NATO, ”, Moscow, House Republicans, GOP, CIA, NATO, Republican Party, Republicans, Republican, Trump, Marine, Wall Street, Putin, Biden, US, Democratic Locations: Russia, Moscow, United States, China, Soviet, East Germany, United, Ukraine, Russian, European, Washington, Asia, Sweden, Finland, Berlin –, Europe, Ukrainian, California, North Korea, Iran, Crimea, Helsinki, Geneva

☆ First complete passages from ancient Herculaneum scroll decoded
▼ + stars: | 2024-02-07 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +6 min

CNN —After using artificial intelligence to uncover the first word to be read from an unopened Herculaneum scroll, a team of researchers has revealed several nearly complete passages from the ancient text, giving insight into philosophy from almost 2,000 years ago. The Herculaneum scrolls are hundreds of papyri that survived the eruption of Mount Vesuvius in AD 79. By using computer technology and advanced artificial intelligence, researchers can now analyze the Herculaneum scrolls without unrolling and risking damage to the extremely fragile documents. The first word to be decoded, the Greek word for purple, was detected in October 2023 and can be found within the newly interpreted passages. The charred documents, now referred to as the Herculaneum scrolls, were recovered from a building believed to be the house of Julius Caesar’s father-in-law, according to the University of Kentucky.

Persons: ”, Brent Seales, Luke Farritor, Youssef Nader —, Julian Schilliger, Farritor, Nader, Schilliger, papyrologists, Seales, Julius Caesar’s, Philodemus, “ Philodemus, Roger Macfarlane, Macfarlane, that’s, ” Macfarlane Organizations: CNN, classicists, University of Kentucky, University of Nebraska, Freie University Berlin, ETH Zürich, Institut de France, Brigham Young University Locations: Vesuvius, England, France, Italy, Naples

☆ Ancient Herculaneum scrolls are now readable due to AI technology, scientists say
▼ + stars: | 2023-10-18 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +5 min

CNN —At first glance, the Herculaneum scrolls look unremarkable, like pieces of coal. Ancient scrolls uncovered from volcanic mudThe 79 AD eruption of Vesuvius, a volcano located near Naples, Italy, covered the ancient Roman cities of Pompeii and Herculaneum in volcanic mud. Herculaneum and the scrolls remained buried until the city’s accidental rediscovery by a worker drilling for a well in the early 1700s, according to the Herculaneum Society. Approximately 1,100 carbonized scrolls, now referred to as the Herculaneum scrolls, were recovered from a building that was believed to be Julius Caesar’s father-in-law’s house, according to the University of Kentucky. “They wrote about love, they wrote about war, they wrote about peace, they argued with each other.

Persons: Luke Farritor, Brent, Brent Seales, Julius Caesar’s, Michael McOsker, ” McOsker, it’ll, Youssef Nader, —, Seales, ” Seales, “, that’s Organizations: CNN —, University of Nebraska, University of Kentucky, Herculaneum, University College London, Freie University Berlin Locations: Vesuvius, Naples, Italy, Herculaneum, papyrology

☆ Stocks making the biggest moves midday: Instacart, Disney, Planet Fitness, Rackspace and more
▼ + stars: | 2023-09-19 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Starbucks — Shares fell 2% in midday trading following a downgrade to market perform from TD Cowen. Instacart — The grocery delivery stock roared out the gates as it debuted on the public market midday Tuesday, with shares popping about 12.3% and closing at $33.70. Planet Fitness — Shares of the gym franchise slid 4.2% after JPMorgan downgraded the stock to a neutral rating from overweight. The Wall Street firm also upgraded Carnival to hold from sell, sending shares nearly 0.5% higher. Raymond James earlier upgraded Rackspace to outperform from market perform and said it likes the company management's execution.

Persons: TD Cowen, Andrew Charles, George Wang, Evercore, Chris Rondeau, Lab's, Lazard, Goldman Sachs, Raymond James, — CNBC's Brian Evans, Jesse Pound, Samantha Subin, Yun Li, Lisa Kailai Han, Michelle Fox Organizations: Starbucks, Disney, Barclays, Deere, JPMorgan, Bank of America, Truist, Technology Locations: Alhambra , California, Los Angeles, China, New Zealand

☆ Buy this computer technology stock with more than 30% upside to play AI, Barclays says
▼ + stars: | 2023-09-19 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Supermicro could be set to take advantage of artificial intelligence hype, according to Barclays. The firm initiated coverage of the information technology company on Tuesday with an overweight rating and a $327 per share price target. Analyst George Wang noted that Supermicro is in an advantageous position when it comes to the emerging artificial intelligence opportunity. The analyst noted that AI inferencing, which is the process of a trained neural network model making predictions, already made up 52% of the company's second-quarter revenue. "We model SMCI's revenue growth at 17% in FY25 after 46% growth in FY24, consistent with IDC's [International Data Corporation] forecast of a 17% CAGR [compounded annual growth rate] in 2021-2026E for AI server revenue growth," Wang said.

Persons: George Wang, Wang, — CNBC's Michael Bloom Organizations: Barclays, Computer, International Data Corporation

☆ A day after the big Tesla upgrade that moved the market, one analyst disagrees. Here's why
▼ + stars: | 2023-09-12 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Not all analysts on Wall Street are convinced Tesla 's in-house computer technology is enough to push shares higher. The analyst did not provide a forecast price target and said he now expects flat year-over-year automotive sales gross margin in 2024, minus vehicle credits and incentives. What underpinned the Morgan Stanley upgrade on Tesla was optimism toward the company's effort with Dojo, an in-house supercomputer that is meant to train autonomous driving software. Tesla has been on a price-cutting spree for much of 2023, with markdowns to both the Model 3 and Model Y . While the analyst remains "sympathetic" over the long term on Tesla, he said, "We think that there is too much near-term uncertainty post its repeated price cuts."

Persons: Tesla, Morgan Stanley's Adam Jonas, — Needham, Needham, Chris Pierce, Morgan Stanley, Pierce, markdowns, reboots, Michael Bloom

☆ Here's who's leading Morgan Stanley's cloud initiatives after the bank's lead departs for Microsoft
▼ + stars: | 2023-08-31 | by ( Bianca Chan | ) www.businessinsider.com time to read: +3 min

Allison Gorman Nachtigal was previously the head of Morgan Stanley's cloud program. Allison Gorman Nachtigal, the former head of Morgan Stanley's cloud program, has departed the bank for the tech giant, Insider has learned. Microsoft's cloud computing program Azure is Morgan Stanley's primary cloud partner. As Morgan Stanley's new head of cloud engineering, Nam handles the plumbing behind Morgan Stanley's cloud efforts. Meanwhile, Brosnan, head of technology architecture and modernization, absorbed Morgan Stanley's cloud architecture and business enablement responsibilities.

Persons: Allison Gorman Nachtigal, Morgan, Yunchi Nam, Trevor Brosnan, Morgan Stanley, Gorman Nachtigal, Morgan Stanley's, Nam, Brosnan, Michael Poser Organizations: Microsoft

[1/5] Tourists visit the redesigned pyramid that was formerly a museum built to honour late Communist dictator Enver Hoxha, in Tirana, Albania, August 18, 2023. REUTERS/Florion Goga Acquire Licensing RightsTIRANA, Aug 25 (Reuters) - A museum built in Albania in the 1980s to honour longtime Communist dictator Enver Hoxha is being transformed into a computer training centre for young people, removing a final vestige of the country's isolated and repressive past. The original architects, which included Hoxha's daughter Pranvera, designed the building in the shape of a pyramid glorifying the leader as an Egyptian-style pharaoh. The museum was finished in 1988, three years after Hoxha died and two years before reclusive Communist rule collapsed, giving way to democracy. "It was an architectural monument like no others," said Ilda Qazimllari, director of investments in the office of the Tirana mayor.

Persons: Enver Hoxha, Florion, Hoxha, Winy Maas, Pranvera, Leon Cika, Ilda Qazimllari, Fatos Bytyci, Mark Heinrich Our Organizations: Tourists, REUTERS, Rights, European Union, Thomson Locations: Tirana, Albania, Rights TIRANA, Dutch, Soviet, Europe, Balkan, Kosovo

☆ NYC is now using AI at some subway stations to track when and how fare evaders are getting through
▼ + stars: | 2023-07-25 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +5 min

NYC's MTA has started using AI software to track fare evasion in the subway system. The system tracks both when fare evasion spikes and the methods fare evaders use. The city's subway system is now using AI surveillance technology to track fare evasion. has been grappling with how to deal with fare evasion after it lost $690 million to fare evasion last year, according to a May report. Leonardo Munoz/VIEWpress via Getty Images"It helps us just measure the amount of fare evasion happening," the spokesperson told Insider.

Persons: AWAAIT, Leonardo Munoz, VIEWpress, it's, That's, It's Organizations: MTA, New York City, NYC's Metropolitan Transport Authority, Barcelona Locations: New York, NYC's, Spanish, Barcelona, NYC

☆ Microsoft and Google may have to surrender people's data to Saudi Arabia after signing huge deals there
▼ + stars: | 2023-07-24 | by ( Tom Porter | ) www.businessinsider.com time to read: +8 min

But Saudi Arabia has weak privacy laws and a track record of persecuting dissidents. They are warning tech giants like Microsoft and Google that they could be forced to hand over private citizen data to Saudi hitmen. Data handed over a silver platterMarwa Fatafta, an analyst with digital rights group Access Now, described Saudi Arabia as a country with a "dismal" human rights record. "Have they really [Google and Microsoft] investigated how they plan to mitigate potential human rights abuses or privacy violations, building such infrastructure?" Countries such as Saudi Arabia, he said, often told companies that "if you want to operate in this country, you've got to keep the data in this country.

Persons: Prince Mohammed bin Salman's, Rewan Al, Haddad, umOfUs, FAYEZ NURELDINE, Fatima al, Salma al, Alan Woodward, you've, James Lynch, Fairsquare, Crown Prince Mohammed, James, Lynch, Prince Mohammed, it's, Woodward Organizations: Microsoft, Google, Service, Saudi, Human Rights Watch, New York Post, Getty, Twitter, Leeds University, University of Surrey, Crown Locations: Saudi Arabia, Wall, Silicon, Riyadh, Saudi, AFP

☆ Experts are warning A.I. could lead to human extinction. Are we taking it seriously enough?
▼ + stars: | 2023-05-30 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” said the letter, signed by many of the industry’s most respected figures. These industry leaders are quite literally warning that the impending A.I. revolution should be taken as seriously as the threat of nuclear war. It is, however, precisely what the world’s most leading experts are warning could happen. researcher at Duke University, told CNN on Tuesday: “Do we really need more evidence that A.I.’s negative impact could be as big as nuclear war?”

Persons: Sam Altman, Demis Hassabis —, ”, Dan Hendrycks, Robert Oppenheimer, ‘, ’, ” Hendrycks, Newsrooms, Cynthia Rudin Organizations: CNN, Google, Center, A.I, Duke University

☆ Here are Tuesday's biggest analyst calls: Meta, Tesla, Amazon, Nike, Hasbro, First Republic & more
▼ + stars: | 2023-04-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Citi upgrades Squarespace to buy from neutral Citi said it sees an "improved growth outlook" for the website hosing company. Citi reiterates Netflix as buy Citi said it sees more upside in shares of Netflix. Credit Suisse upgrades Zebra Technologies to outperform from neutral Credit Suisse upgraded the computer technology company due to Zebra' s strength in Europe. Credit Suisse reiterates Amazon as outperform Credit Suisse said it's standing by shares of Amazon heading into earnings later this week. Citi reiterates Meta as buy Citi said it's staying bullish heading into Meta earnings on Wednesday. "

☆ Opinion | It’s Not the End of Work. It’s the End of Boring Work.
▼ + stars: | 2023-04-22 | by ( Louis Hyman | ) www.nytimes.com time to read: +2 min

Despite all the dazzling digital advances, the trillions of dollars spent on computer technology have done almost nothing to make the world a more productive place. The economist Robert Solow, who identified this problem, called it the productivity paradox. In 1987, a decade into the computer revolution, he observed that productivity growth had actually slowed down. The digital era has made a lot of everyday work more complicated and less efficient than it was 30 years ago. A steam engine, for example, would have been no use to textile manufacturing if textile workers had remained a scattered network of independent farmers, as opposed to a group of employees gathered under a single factory roof.

☆ Pentagon explains the mysterious Russian tank at a truck stop in Louisiana — saying it was disarmed and is going to an Army training center
▼ + stars: | 2023-04-19 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

A Russian T-90A tank was left at a casino and travel center in Roanoke, Louisiana last week. The Pentagon claimed ownership of the tank on Tuesday, The War Zone reported. It said it was on its way to a US Army training center when the truck carrying it broke down. "I've been here seven years," Valerie Mott, the assistant manager of the casino and travel center, told The War Zone. Its website says that the training center is "responsible for numerous technical achievements in military intelligence, medical research, engineering, and computer technology."

☆ U.S. IRS to hire nearly 20,000 staff over two years with $80 bln in new funds
▼ + stars: | 2023-04-07 | by ( David Lawder | ) www.reuters.com time to read: +4 min

[1/2] Signage is seen at the headquarters of the Internal Revenue Service (IRS) in Washington, D.C., U.S., May 10, 2021. But a significant portion of these new hires will replace the nearly 12,000 IRS employees expected to retire over the next two years -- including more than 4,700 enforcement staff, a U.S. Treasury official said. Those audit targets include wealthy individuals, corporations and complex partnerships, which have grown in number while IRS audit staff has shrunk by nearly half over the past decade, new IRS Commissioner Danny Werfel told reporters. REPUBLICAN BACKLASHThe plan drew fresh complaints from Republicans who want to repeal the IRS funding as part of their demands for raising the $31.4 trillion federal debt ceiling. He said that the percentage of Criminal Investigation staff would not change from its current proportion of about 3% of the IRS workforce.

☆ US IRS to hire 30,000 staff over two years as it deploys $80 bln in new funding
▼ + stars: | 2023-04-06 | by ( David Lawder | ) www.reuters.com time to read: +2 min

Including those new employees, customer services hiring will total 13,883 full-time-equivalent staff over the two-year period, according to the 148-page plan. But a significant portion of these new hires will replace the nearly 12,000 IRS employees expected to retire over the next two years -- including more than 4,700 enforcement staff, a U.S. Treasury official said. The $80 billion in new funding from last year's climate-focused Inflation Reduction Act is aimed at rebuilding the agency's audit capabilities and 1960s-era computer technology after a decade of funding cuts mostly by Republican-controlled Congresses. The Treasury has used estimates as high as $400 billion over the decade, with higher collections beyond the 10-year budget window. The agency's ability to deploy new technology to automate many functions would help dictate future staffing needs, he said.

Search resuls for: "Computer Technology"

25 mentions found