A team of ex-EY employees released FAB (Finance Agents Benchmark), a public benchmark testing AI agents on financial due diligence work, with code on GitHub and data room and tasks on Hugging Face. Th…
PwC's Washington DC managing partner Jeanelle Johnson said clients now expect consulting deliverables in roughly half the time they did a year ago, citing work that once took eight to 10 weeks being e…
Acting CISA Director Madhu Gottumukkala reportedly uploaded at least four sensitive government documents, including contracting material marked for official use only, to the public version of ChatGPT …
EY's Center for Board Matters reports that 37% of S&P 500 companies cited AI experience for at least one director in the 2026 proxy season, up from 11% in 2022, and 17% of S&P 500 boards now have a te…
Rillet, an AI-native accounting startup, has raised $100 million in a Series C round at a $1 billion valuation, and its CEO Nicolas Kopp says AI is reshaping consulting firm hiring by reducing routine…
Rillet, a San Francisco-based startup founded in 2024, has raised $100 million in a Series C round at a $1 billion valuation, bringing its total funding to over $200 million in 14 months. The company'…
Consulting firms are racing to position themselves as 'AI-native' to win business, with KPMG US CEO Tim Walsh stating the firm is now a tech company delivering audit, tax, and advisory services, and A…
Super Micro Computer Inc. announced on December 2, 2024, that an independent Special Committee found no evidence of fraud or misconduct by senior management or its Audit Committee related to financial…
Goldman Sachs global co-head of investment banking Matthew McClure declared the IPO market 'open for business,' noting that AI-related companies have generated more than 50% of all IPO capital raised …
Microsoft Corp. (NASDAQ: MSFT) reported FY2026 revenue of $331.8 billion, up 17.79%, with net income up 31.34%, as Azure crossed $100 billion in annual revenue and Copilot surpassed 30 million paid se…
Only 25% of organizations have moved 40% or more of their AI experiments into production, according to Deloitte's The State of AI in the Enterprise, highlighting the challenge of pilot purgatory. Expe…
EY is launching a paid 'Career Residency' for its assurance interns, extending their employment for 8 to 12 months after the traditional eight-week internship, as AI reshapes entry-level work. The pro…
EY is creating an AI Value Realization Office to centralize AI investment oversight and measure business impact, with the function expected to be fully operational within a couple of months, according…
EY is creating an 'AI Value Realization Office' to centralize AI spending and ensure measurable impact, with Dan Diasio, EY's global consulting AI leader, saying the office will be fully operational w…
Rob Walker, UK managing director of AI consultancy Capgemini, said London must continue to reinvent itself to remain globally competitive, citing the need to attract diverse talent, strengthen industr…
Anthropic, the AI safety company behind the Claude model, is likely to select EY as its external financial auditor because Deloitte, PwC, and KPMG have commercial partnerships with Anthropic that crea…
EY has proposed that large enterprises create a new corporate role, Head of Agent Economics, to centrally manage the financial costs of AI agents, as detailed in its report 'Unlocking agentic value: a…
Enterprise AI bills rose 320% from 2023 to 2026 even as per-token prices fell 280x, because agentic workloads consume 5 to 30 times more tokens per task than chatbots, according to Deloitte, EY, and G…
Boston Consulting Group (BCG) has promoted Amanda Luther to lead its regional AI and functional activation efforts, Silvio Palumbo to head BCG X in North America, and Natasha Taylor to co-lead its tec…
Microsoft's four-part Frontier Transformation series, based on conversations at Microsoft AI Tours, reports that organizations such as EY, Scope, and The Salvation Army UK and Ireland are embedding AI…