Technology: Page 14
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AI startup Anthropic brings in Airbnb alum as first CFO
Anthropic is getting its first-ever finance chief as the company attempts to crack AI’s “black box” in the face of growing ethical and security worries.
By Grace Noto • May 22, 2024 -
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Getting employees ahead of the AI learning curve: Tipalti CFO
Leaders need to ensure they’re offering opportunities for employees to experiment with AI before the technology is ready for “prime time,” CFO Sarah Spoja said.
By Grace Noto • May 21, 2024 -
Explore the Trendline➔
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TrendlineDigital transformation, one smart step at a time
As pricing pressures tighten margins and technologies like artificial intelligence evolve, finance chiefs are more closely scrutinizing the cost and returns of the tech tools they implement.
By CFO Dive staff -
Lynne Marek/CFO Dive
Deep DiveReal-time lessons for FedNow from Brazil, India
The fledgling U.S. instant payments system can learn from real-time systems that have flourished in Brazil and India using QR codes and broad missions, say industry professionals.
By Christiana Sciaudone • May 21, 2024 -
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Shadow IT surge threatens corporate data: report
OpenAI’s ChatGPT tool remains the most frequently used AI application in the workplace, according to the research.
By Alexei Alexis • May 21, 2024 -
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Ballooning AI budgets expected to face ROI pressure
As corporate AI expenditures grow, they will likely come under increased scrutiny in earnings calls, Gartner’s Frances Karamouzis said.
By Alexei Alexis • May 21, 2024 -
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What’s the cost of the IT skills gap? IDC says $5.5 trillion by 2026
AI coding and workforce training capabilities could trim as much as $1 trillion from the losses by 2027, according to IDC researcher Gina Smith.
By Matt Ashare • May 17, 2024 -
Techa Tungateja via Getty Images
Scammers siphon $25M from engineering firm Arup via AI deepfake ‘CFO’
Cybercriminals utilized AI deepfakes to falsely pose as Arup’s CFO and other employees, leading a staff member to transfer $25 million to Hong Kong bank accounts.
By Grace Noto • May 17, 2024 -
Kate Tornone/CFO Dive
Employers should include workers in AI plans, DOL says
The agency outlined a list of eight “AI Principles for Developers and Employers” on Thursday, following up on a 2023 directive from the White House.
By Ryan Golden • May 16, 2024 -
Laurence Dutton via Getty Images
OpinionThe problem that made ‘zero-based budgeting’ unachievable just got solved
Accounting for every dollar was largely just an elusive aspiration in finance circles — until artificial intelligence arrived, writes Globality’s Seth Catalli.
By Seth Catalli • May 14, 2024 -
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Congress wants to question Microsoft exec over security defects
A House panel wants to question Brad Smith, Microsoft’s president and vice chair, over the company’s security shortcomings and how it plans to strengthen security measures.
By Matt Kapko • May 13, 2024 -
Courtesy of Instacart
Instacart taps VP of finance, former Uber exec for CFO seat
The new CFO said the company remains “relentlessly” focused on investing in new technologies and cultivating its partnership with Uber.
By Alexei Alexis • May 9, 2024 -
Permission granted by Panax
AI-driven cash flow management startup gets $15M boost
Panax is among companies that say they’re seeing high demand for finance automation tools as businesses try to navigate an uncertain economic environment.
By Alexei Alexis • May 8, 2024 -
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Generative AI enables small accounting firms to challenge big ones: AICPA
Accountants should respond to the rapid pace of generative AI adoption by embracing it and delving into experimentation, the AICPA said.
By Jim Tyson • May 7, 2024 -
dem10 via Getty Images
Fraud detector Traceable zeroes in on GenAI threats
The startup is rolling out new AI-related threat detection capabilities on the heels of securing $30 million in funding from investors, including Citi Ventures.
By Alexei Alexis • May 7, 2024 -
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Only 34% of firms deploy safeguards against generative AI threats: Splunk
Generative AI gives cyberattackers an edge over cyber-defenders, according to security experts surveyed by Splunk.
By Jim Tyson • May 6, 2024 -
Jeenah Moon via Getty Images
Microsoft says cybersecurity overhaul will impact top execs’ pay
The development follows harsh criticism by a Department of Homeland Security panel of the company’s response to a 2023 breach.
By Alexei Alexis • May 6, 2024 -
"U.S. Securities and Exchange Commission headquarters" by AgnosticPreachersKid is licensed under CC BY 3.0
SEC hits Trump Media auditor with $12M fine
BF Borgers, an auditor of public company financial statements, has committed massive fraud impacting more than 1,500 SEC filings, the agency said.
By Alexei Alexis • May 3, 2024 -
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Peloton cuts jobs, searches for new CEO amid financial turmoil
“We made some very tough decisions, and while we firmly believe these actions are the right thing to do for the business, cuts like this are painful,” CFO Liz Coddington said.
By Alexei Alexis • May 2, 2024 -
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Marriott gears up for another year of major tech spending
The company expects full-year investments to reach $1 billion as digital transformation projects advance, according to its latest earnings call.
By Lindsey Wilkinson • May 2, 2024 -
abdoudz via Getty Images
US inches forward on real-time payments: report
“Real-time payments are still in their infancy in the U.S., accounting for only a 1.5% share of the total payments volume in 2023,” according to a report by ACI Worldwide.
By James Pothen • May 2, 2024 -
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Auditoria.AI’s ‘human-in-the-loop’ option targets automation-wary finance teams
When it comes to new technologies, CEO Rohit Gupta sees CFOs and their finance teams as “fast followers” rather than early adopters.
By Maura Webber Sadovi • May 1, 2024 -
Courtesy of AWS
Amazon clinching bigger, longer cloud deals after AI boost: CFO
Amazon is the latest tech giant whose hefty AI spending has been rewarded by Wall Street in the current earnings season. Meta has been an exception.
By Alexei Alexis • May 1, 2024 -
Courtesy of Consortium of Cybersecurity Clinics
Escalating cyber talent shortage drives up risks: report
Cybersecurity threat actors' innovative methods are driving up demand for professionals with diverse and specialized skill sets, the World Economic Forum said.
By Alexei Alexis • April 30, 2024 -
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Meta falls in AI reckoning as Microsoft, Google soar
Investors rewarded AI spending strategies at Microsoft and Google but rebuffed Meta, whose stock plummeted.
By Alexei Alexis • April 30, 2024 -
CFO Editorial Staff
FedNow pricing aimed at avoiding market disruption
The Federal Reserve aimed to “not upset the marketplace as a second mover” when it set fees for the new instant payments system last year, a Fed official said Wednesday.
By James Pothen , Lynne Marek • April 29, 2024
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