A KPMG report on AI adoption by businesses contained false case studies that appear to be AI hallucinations, according to research group GPTZero and verified by the FT. The October report made bogus c…
Bank of America (BAC) joined UBS on the IBD Breakout Stocks Index and entered a new buy zone, driven by its AI strategy and double-digit growth. The stock shows strong demand with a high Accumulation/…
KPMG, a global consulting firm with 250,000 employees, published an AI-generated report in October 2025 titled 'Total Experience: Redefining Excellence in the Age of Agentic AI.' An audit by GPTZero f…
South Korean AI firm Upstage announced it will integrate its AI model, workplace tools, and web portal into a single platform, betting on a home-grown stack to compete without relying on US or Chinese…
Micron Technology shares surged nearly 10% after analyst upgrades highlighted AI-driven demand for its memory chips ahead of fiscal Q3 earnings on June 24. The company's high-bandwidth memory is sold …
The US stock market added $1 trillion in market capitalization at the open on June 5, 2026, driven by optimism over a potential US-Iran peace deal. The S&P 500 surpassed $65 trillion in total market c…
UBS hosted its inaugural Asian Investment Conference Wealth Forum in Hong Kong and Singapore, drawing over 6,200 attendees to discuss AI, global connectivity, and investment strategies amid geopolitic…
KPMG published a report on AI in business that contained fabricated case studies involving UBS, the NHS, and other organizations. GPTZero CEO Edward Tian, who helped uncover the errors, warns of 'seco…
KPMG pulled a report on agentic AI after UBS, the NHS, and others said its claims about their AI usage were untrue. GPTZero identified the errors as AI hallucinations, indicating the firm used AI to w…
KPMG withdrew a report on AI usage after multiple organizations, including UBS and the UK's National Health Service, disputed its claims. Research group GPTZero attributed the inaccuracies to AI hallu…
Taiwan Semiconductor Manufacturing Company (TSMC) reported May 2026 revenue of NT$416.98 billion, up 30.1% year-over-year, and first-quarter profit of $18.2 billion, up 58%. CEO C.C. Wei raised the fu…
KPMG, one of the Big Four accounting firms, published a report on AI benefits that was found to contain numerous AI hallucinations, including fake citations and inaccurate claims about companies' AI c…
UBS raised its S&P 500 year-end target to 7,900 from 7,500, citing surging AI demand and resilient consumer spending as key drivers. The Swiss bank described global trade as "surprisingly stable" desp…
A KPMG report on AI adoption has been discredited after an investigation found that only 5 of its 45 citations were accurate, with the rest fabricated, misattributed, or unverifiable. The October 2025…
KPMG published a report containing fabricated claims about UBS's use of AI agents in investment advisory, risk management, and compliance functions. UBS identified the inaccuracies and demanded correc…
Micron Technology crossed the $1 trillion market capitalization threshold on May 26, with its stock surging nearly 19% in a single session after a UBS analyst tripled its price target to $1,625. The c…
Micron and Sandisk shares surged to new all-time highs Monday after Susquehanna analyst Mehdi Hosseini issued Street-high price targets of $1,750 and $3,250, respectively, citing tight supply through …
Morgan Stanley has doubled its forecast for AI-driven job losses in European banking, now projecting that up to 20% of the sector's workforce — roughly 400,000 roles — could be eliminated by 2030 as l…
The UBS Global Family Office Report 2026 found that 60 percent of 307 surveyed family offices plan to adjust their strategic asset allocation over the next 12 months, the highest level in the study's …
Micron Technology reached a $1 trillion market capitalization on May 26, just 48 days after hitting $500 billion, making it the fastest semiconductor company to double its valuation. The memory chipma…