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AI IN ACCOUNTING
AI to end billing by the hour at accounting firms as private equity changes ownership, says Eisner Advisory CEO Charles WeinsteinPrivate equity is significantly altering how professional services firms are owned and operated. AI is expected to redefine the delivery an...- 'Paid for OpenAI’s choices with her life': Seattle techie dies after allegedly changing medication dosage following ChatGPT adviceA tragic lawsuit has emerged following the death of Bowen Wan, a 31-year-old software engineer, due to complications from epilepsy. Her par...
- AI giants' funding ambitions test Wall Street's appetite for riskThe heavyweights of the AI industry are facing a reckoning on Wall Street, reflecting concerns over who will bear the cost of the artificia...
- The AI boom may transform the economy and still destroy capital, with stranded data centres and heavy investor lossesInvestments in artificial intelligence by major companies have significantly increased in recent years. The overall investment in other sec...
- UBS says it does not permit the use of external AI models for client transactionsConcerns that sophisticated AI agents could harm the financial system have risen within the banking industry. Major US banks have been bloc...
- Beyond ethics policies, businesses face an AI accountability testIndian organizations are increasingly focusing on Responsible AI, emphasizing fairness, transparency, privacy, and accountability in deploy...
- SuiteWorld 2026: Oracle NetSuite adds new AI capabilities, moves closer to autonomous suite visionNetSuite’s new AI capabilities include AI Workspaces, AI Portlets, SuiteSkills, industry-specific agents, and SuiteAgent Studio, along with...
- Anthropic vs OpenAI: How Claude maker’s growth is challenging ChatGPT ahead of IPOAnthropic has seen significant revenue growth, reaching $16.29 billion in the first half of 2026. OpenAI continues to expand its business m...
- Ather rides to profit; Pronto's US AI playAther Energy swung to profit in the July-September quarter. This and more in today’s ETtech Top 5.
- AI cuts some Deutsche Bank corporate loan decisions to minutesDeutsche Bank is revolutionizing corporate lending by harnessing AI technology to expedite decision-making processes. This innovation is se...
- Moonshot resets subscriber quotas after Kimi K3.1 Pro launch issuesChinese artificial intelligence startup Moonshot AI apologised on Monday for rate limiting and unnecessary quota consumption after its Kimi...
- India's daily multimodal AI use to nearly double to 43% by 2030: Ericsson reportDaily use of multimodal AI in India is expected to nearly double by 2030 from current levels. The report highlights a shift towards more fr...
- Big Tech’s AI push faces a $1 trillion profit test, says UBSUBS Global Research indicates that major cloud companies must generate an additional $1 trillion in operating profits by 2031. They are exp...
- Rogue AI agents exposing India’s data law blindspotsAs companies edge closer to the May 2027 enforcement deadline for the Digital Personal Data Protection (DPDP) law, AI’s emerging cybersecur...
- China won’t stop its AI from going global, but it wants control over how it travelsProposed rules from China have raised concerns that it could make it harder for its AI companies to take their models overseas, at a time w...
- Scaling AI agents a bottleneck for Indian enterprises: Dynatrace’s Rafi KatanashoKatanasho believes autonomous agents can fail silently, delivering poor business outcomes without triggering system alerts.
- China's DeepSeek, MiniMax win approval for AI global use, state media-affiliated entity saysIn a separate social media post on Friday, the social media account, Yuyuan Tantian, said overseas internet users had also urged other Chin...
- Jio’s mega public issue puts India’s AI companies in the spotlight; see who are the potential IPO candidatesThe interest in India’s AI firms comes at a time when such companies are attracting increasing private investment and some are beginning to...
- US banks detect unauthorised AI agents in customer accountsIn a troubling development, leading US banks such as Morgan Stanley, Bank of America, and JPMorgan have identified unauthorized AI agents a...
- US banks are blocking third-party AI agents access to customer accounts, sources sayMajor US banks, including Morgan Stanley and JPMorgan Chase, are blocking third-party AI agents from transactions. This decision comes afte...
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