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News
Thomson Reuters develops independent AI frontier model 'Thomson' in push for 'AI sovereignty"
2+ week, 3+ day ago (413+ words) Thomson Reuters announced the launch of its independently developed AI frontier model Thomson, which the company plans to deploy throughout its legal and tax portfolio over time, starting with Tabular Analysis inside CoCounsel Legal, where it now provides high-volume document…...
Guggenheim's Walsh says accounting at GPI unit was 'appropriate"
2+ week, 4+ day ago (353+ words) Guggenheim Partners is working with regulators as they probe a business accounting issue at one of its subsidiaries, according to Anne Walsh, chief investment officer of the firm's asset-management business. "We have been very open with regulators and very cooperative…...
AI slop is flooding the cost segregation industry
1+ mon, 2+ week ago (360+ words) Consider what that opening invites. Nothing in a $500 study confirms the client owns what is being depreciated. The field has no open repository of studies and no third-party check between what an owner claims and what gets deducted. The bar…...
How the hybrid finance workforce creates new value
2+ mon, 1+ week ago (617+ words) The accounting talent shortage is now a structural feature of the finance and accounting sector. That means the window for managing workloads through hiring has closed. Senior talent is retiring, and junior talent is choosing careers in technology and data…...
Crowdsourcing Code: Embedding experts in every business unit
2+ mon, 3+ week ago (724+ words) Good ideas can come from anywhere, especially when informed by real world experience, a fact that some firms are leveraging to source new solutions from field staff, which serves to rapidly expand their available tools and upskill their professionals. While…...
Boomer's Blueprint: Leadership is critical in the Age of AI
3+ mon, 1+ week ago (619+ words) Every week, I speak with managing partners who tell me some version of the same story: "We know AI is important. We've approved a budget. We've assigned it to our IT director. And nothing is changing." I have spent decades…...
A little AI can go a long way
3+ mon, 1+ week ago (574+ words) Despite breathless pronouncements otherwise, artificial intelligence is not, in fact, the universal tool that can and should be applied to every single thing so that it can take care of everything without you having to think about anything, at least…...
SpaceX, OpenAI valuations would mean they leapfrog Berkshire Hathaway on first day of trading
3+ mon, 3+ week ago (399+ words) A slew of tech mega-IPOs are ahead and they're set to push Warren Buffett aside on their first day of trading. SpaceX on Wednesday officially filed to go public on the Nasdaq. On the same day, reports circulated that OpenAI…...
PwC, EY lay off executive assistants as AI accelerates
3+ mon, 3+ week ago (732+ words) PwC's U.S. arm laid off about 600 executive assistants, recruiters and other support staff in February, according to people familiar with the situation. The cuts followed months of uncertainty among the Big Four accountancy's non-client-facing employees after restructuring plans were announced last…...
OpenAI takes the lead in AI IPO horse race: 'Getting to public markets first is very important"
3+ mon, 3+ week ago (460+ words) Reports that OpenAI is set to confidentially file for an IPO as soon as Friday changed prediction market traders’ outlook on which private AI giant will debut on the public markets first. Traders on Kalshi now see OpenAI as the…...