March 21, 2025 - 12:16

A tech startup executive appointed by the Trump administration to assess the Internal Revenue Service's technology modernization program announced significant budget cuts on Thursday. Sam Corcos, the founder and CEO of health technology firm Levels, revealed that he has successfully canceled contracts totaling approximately $1.5 billion from the IRS's technology budget.
Corcos, who is also a member of the informal Department of Government Efficiency under President Donald Trump, highlighted the presence of outdated contracts with external technology consultants. He indicated that these contracts, some of which amount to tens of billions of dollars, were part of a modernization initiative that has been stalled for decades.
This move aims to streamline the IRS's operations and eliminate unnecessary spending, reflecting a broader effort to improve government efficiency. The cancellation of these contracts is seen as a step towards modernizing the agency's technology infrastructure, which has long been criticized for lagging behind current standards.
March 20, 2026 - 20:48
Canada: Why 89% of legal professionals are racing toward technology they're still concerned about Canadian lawyers race toward legal tech they still fearA significant shift is underway in Canada`s legal industry as practitioners rapidly adopt advanced technologies, particularly artificial intelligence, despite holding deep-seated reservations about...
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Jeff Bezos in Talks to Raise $100 Billion Fund to Transform Companies With A.I.Amazon founder Jeff Bezos is reportedly in discussions to raise a staggering $100 billion investment fund, with a singular focus on revolutionizing companies through artificial intelligence. This...
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Survey finds skepticism of sign language tech among Deaf community.A major new global survey has uncovered significant distrust and concern within the deaf and hard-of-hearing community regarding emerging sign language technologies. The research indicates that...
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Micron Technology, Inc. Reports Results for the Second Quarter of Fiscal 2026Micron Technology has announced unprecedented financial results for its second fiscal quarter of 2026, showcasing the immense strategic value of its memory and storage solutions in powering the...