Oracle: Peering inside AI’s black box

Finance professionals continue to apply a “trust but verify, or maybe don’t trust and verify” mentality when it comes to AI adoption, Oracle’s Hari Sankar said.

By Grace Noto • May 4, 2023

KPMG’s Stöckle on auditing’s ‘human-machine’ connection

Despite recent technological advances transforming auditing processes, KPMG’s Sebastian Stöckle says people will always play key roles.

By Maura Webber Sadovi • May 4, 2023

Explore the Trendline➔

CFO best practices in the evolving generative AI era

As the initial frenzy around the launch of generative artificial intelligence subsides, a new GenAI era appears to be taking shape.

By CFO Dive staff

Vertice reports spike in AI software spending

AI’s share of overall software spending across the Vertice network grew to 1% by the end of March, up from 0.2% at the start of the year, a five-fold increase.

By Alexei Alexis • May 2, 2023

Bid for business-friendly ChatGPT seen facing challenges

Cybersecurity experts say it may be a long while before ChatGPT can be trusted to handle sensitive business data, despite recent steps by the popular AI tool’s creator.

By Alexei Alexis • May 2, 2023

AI boosts productivity 14%: NBER case study

Generative AI improved customer service at a Fortune 500 company by prompting less experienced staff to adopt the best practices of their most talented co-workers.

By Jim Tyson • May 1, 2023

Amazon to put ‘more dollars’ toward generative AI, CFO says

Amazon is following in the footsteps of other large-scale tech firms like Apple and Meta by funneling more funds toward generative AI.

By Grace Noto • April 28, 2023

AWS revenue growth slows as cloud market expands

Revenue growth has slowed for Amazon’s cloud division as customers seek cost savings in workload optimization.

By Matt Ashare • April 28, 2023

CISA seeks public comment on software security attestation form

The release is part of a larger effort by the Biden administration to strengthen software security at the development stage.

By David Jones • April 28, 2023

Meta to prioritize AI in future hiring efforts, CFO says

AI was a dominant theme of the Facebook and Instagram owner’s latest quarterly earnings call, in which the company reported its first sales increase in nearly a year.

By Alexei Alexis • April 27, 2023

ChatGPT fails accounting class

ChatGPT has met its match in an accounting course, with students scoring an overall average of 76.7%, compared to ChatGPT’s score of 47.4%, according to research from Brigham Young University.

By Elizabeth Flood • April 26, 2023

CFOs hunt for revenue-generating tech tools: Stripe

The financial service provider’s updated tools come as CFOs seek emerging technologies that can aid in key areas like revenue generation.

By Grace Noto • April 25, 2023

Majority of execs anticipate AI adoption in 1-2 years: KPMG

While corporate executives believe that generative AI has enormous potential, they also see major hurdles to adoption, a KPMG study found.

By Alexei Alexis • April 25, 2023

ChatGPT says it’s not ready to be a CFO

CFO Dive decided to engage the popular AI tool in a conversation about both its potential and limitations in corporate finance.

By Alexei Alexis • April 24, 2023

To keep pace with healthcare costs, data is key

For CFOs managing both company costs and their employees’ wellbeing, having access to the right data to make strategic healthcare decisions is essential.

By Grace Noto • April 21, 2023

IBM leans on AI, hybrid cloud as infrastructure business stalls

“We've been digitally transforming IBM, much in the same way we're helping our clients with their transformation,” CFO James Kavanaugh said during a Q1 2023 earnings call.

By Matt Ashare • April 20, 2023

Citigroup technology expenses grow as it pushes transformation

The financial services company increased its IT spending, retired legacy platforms and invested in cloud-based solutions, CFO Mark Mason said.

By Matt Ashare • April 20, 2023

Betterment agrees to pay $9M in SEC settlement

The settlement resolves charges that investment advisor Betterment made misstatements related to its automated tax loss harvesting service, among other violations.

By Alexei Alexis • April 19, 2023

Ericsson faces CFO exit, ‘choppy’ economic climate

The network provider’s long-time CFO will depart as the company takes steps to weather a choppy economic environment, including shifts in the developing 5G space.

By Grace Noto • April 18, 2023

Cyber premiums spike at slower pace in 2022: Fitch

The deceleration was driven by factors such as a moderation of ransomware incidents and a heightened level of cyber risk awareness among corporate executives, according to Fitch Ratings.

By Alexei Alexis • April 18, 2023

OneStream expands platform, eyeing CFO ‘App Store’

The platform can now be used to download applications created by OneStream partners, along with the company’s own portfolio of tools.

By Alexei Alexis • April 18, 2023

Tax AI is here, but distrust lingers

AI could help companies with filing taxes. But first, finance executives need to learn to trust it.

By Grace Noto • April 17, 2023

4 CFO tips for demystifying AI hype

Innovation in AI has prompted talk of a coming technological leap as profound as the creation of the internet. It has also sparked anxiety. CFOs need to navigate past the hype and fear.

By Jim Tyson • April 17, 2023

SPAC backing Trump media venture taps new CFO

The appointment of Katherine Chiles as CFO of Digital World Acquisition follows the resignation of the company’s former finance chief and the termination of its prior CEO.

By Alexei Alexis • April 13, 2023

Cost-wary CFOs to cull tech spending

As CFOs deal with a muddled economic outlook, they are keeping their eye on technology, vendor and headcount costs.

By Grace Noto • April 13, 2023

To drive digital transformation, ‘getting the data right’ is key

Putting data skills and governance front and center for both leaders and employees is essential for CFOs to make digital transformation headway.

By Grace Noto • April 11, 2023