Billionaire hedge fund manager Ken Griffin has an estimated net worth of $37.2 billion—and another rare holding: A public apology from the IRS. The tax agency has officially apologized to Griffin, founder-CEO of Citadel hedge fund, for leaking his tax returns to the press.
The apology stems from a settlement earlier this week for the Citadel founder’s filing against the agency in 2022, alleging a worker illegally leaked his tax information to an investigative news outlet. Earlier this year, the IRS began notifying more taxpayers impacted by the data breach, including Elon Musk, Jeff Bezos, Warren Buffett and former President Donald Trump.
Thousands more were affected. The IRS is required, by law, to give notice to any other victims of the breach it can identify, even if their names were never published. It is doing so now.Amazon’s market capitalization surpassed $2 trillion for the first time Wednesday, and the online commerce giant joined Microsoft, Apple, Nvidia and Alphabet as one of the few public companies globally with such a valuation. This achievement came as its stock price climbed by 3.5%, supported by a tech sector rally and an optimistic forecast from Bank of America analysts.
Intel has developed a small chiplet that uses light instead of electricity to transmit data, potentially improving the bandwidth of data centers tasked with intense AI processing. Intel believes it is the first such device that can cope with the computational workload required by the AI market.
