Technology
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Generative AI hits 28% usage rate, spreads throughout US workplace: NBER
By March generative AI’s most common tools had been accessed more than 3 billion times by hundreds of millions of users every month.
By Jim Tyson • Oct. 3, 2024 -
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OpenAI boosts valuation with $6.6B funding round
The move comes amid speculation that OpenAI may be considering an initial public offering and as its CFO has been actively touting the company’s strategy.
By Alexei Alexis • Oct. 3, 2024 -
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TrendlineFinance automation and value creation: A new nexus
Process efficiency is just the beginning of what CFOs are realizing finance automation can bring to their organization.
By CFO Dive staff -
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Deloitte teams up with contract data analytics firm Pramata
Pramata’s focus on protecting clients from generative AI “hallucinations” was a key reason it was selected to become a Deloitte partner.
By Alexei Alexis • Oct. 2, 2024 -
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Fed’s Cook says ‘impressive’ AI innovation has yet to lift productivity
Cook highlighted the long-term potential of artificial intelligence to spur economic growth, lift wages and ease price pressures.
By Jim Tyson • Oct. 1, 2024 -
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Huawei CFO takes second stint as chair amid reported ByteDance team-up
The long-time CFO will step in to lead Huawei’s board as the telecom firm looks to supplant Nvidia as the premier AI chip provider in China.
By Grace Noto • Oct. 1, 2024 -
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Companies struggle to stay afloat in sea of tech innovations
More than half of organizations often feel like they don't have the budget to keep pace with tech advancements, KPMG found.
By Alexei Alexis • Oct. 1, 2024 -
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2025 financial conference roundup
As CFOs prepare for new challenges in 2025, connecting with like-minded executives at upcoming financial conferences can help them to craft effective strategies.
By Grace Noto • Oct. 1, 2024 -
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Workday takes on Microsoft in race to transform corporate finance
The recent introduction of Workday Assistant, an AI companion, follows the release of Microsoft’s Copilot for Finance earlier this year.
By Alexei Alexis • Oct. 1, 2024 -
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California governor vetoed SB 1047. What’s next for AI regulation?
The contentious bill had garnered support from Hollywood and criticism from big tech. Gov. Gavin Newsom attributed his veto to the bill’s scope and broad language.
By Lindsey Wilkinson • Sept. 30, 2024 -
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Digital transformation startup Whatfix gets $125M boost
The SoftBank-backed startup plans to enhance its product suite and expand its market presence globally.
By Alexei Alexis • Sept. 26, 2024 -
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Moneygram faces backlog after outage
The international wire transfer company has restarted some services after a cyberattack forced its systems to be shut down.
By Lynne Marek • Sept. 26, 2024 -
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Controllers prep for ‘dramatic’ role changes, focus on value creation: EY
While controllers recognize that change is coming, and coming quickly, they “don't necessarily have a view on what that will look like,” EY’s Myles Corson said.
By Grace Noto • Sept. 25, 2024 -
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Grammarly taps IPO veterans for CFO, CTO
Grammarly doesn't have any “immediate plans” for an IPO, but needs leaders who can “scale an already sizeable, high-growth company," a spokesperson said.
By Maura Webber Sadovi • Sept. 24, 2024 -
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Dark web exposure is ‘highly correlated’ with cyberattack risk
Organizations that are mentioned in dark web market listings are more than twice as likely to experience an attack, Marsh McLennan found.
By Alexei Alexis • Sept. 24, 2024 -
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Data privacy concerns swirl around generative AI adoption
IT and business professionals fear the technology's adoption can lead to data leakage, according to a Deloitte report.
By Roberto Torres • Sept. 24, 2024 -
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IBM ups bet on FinOps market in Kubecost buy
The acquisition raises questions, including whether the deal will increase “an already high price tag” for IBM’s FinOps suite, an analyst said.
By Alexei Alexis • Sept. 24, 2024 -
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CFOs must prep for AI-driven organizational, strategy shifts: Thomson Reuters
Finance chiefs are “uniquely positioned” to take point on AI’s adoption ahead of its coming strategic impact, Thomson Reuters’ interim head of data and analytics said.
By Grace Noto • Sept. 19, 2024 -
Courtesy of Xerox
Xerox taps insider to succeed retiring CFO
The transition comes on the heels of recent financial challenges at the Norwalk, Connecticut-based tech company.
By Alexei Alexis • Sept. 18, 2024 -
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CFOs juggle strategy, economic pressures in AI push: Billtrust
Heightened pressure to deliver strategy could push CFOs to adopt GenAI faster than previous technologies, Billtrust CEO Sunil Rajasekar said.
By Grace Noto • Sept. 18, 2024 -
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SAP joins $15M funding round for risk detection startup Datricks
The investment comes as payment fraud targeted at businesses — a key focus of the startup — is surging, with a heavy impact on corporate revenues.
By Alexei Alexis • Sept. 17, 2024 -
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Microsoft finance team puts Copilot to test in transformation push
The software giant’s finance professionals have become some of Copilot's top users in the company, Microsoft’s Cory Hrncirik said.
By Alexei Alexis • Sept. 17, 2024 -
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Microsoft names former GE CFO to long-vacant COO role
The tech giant is tapping the GE alum to serve as COO, a role which has stayed vacant for eight years, as it continues to bet big on AI.
By Grace Noto • Sept. 13, 2024 -
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Artificial intelligence may boost profit margins 2% over next five years: BofA
“Investors frequently overestimate the magnitude of tech disruption in the near term and underestimate it over the longer term,” Bank of America said.
By Jim Tyson • Sept. 12, 2024 -
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CFOs’ AI adoption gains momentum: Gartner
Sixty-six percent of finance leaders are more optimistic about the technology compared to last year, the study found.
By Alexei Alexis • Sept. 11, 2024 -
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Airwallex eyes embedded payments in globalization push
Two “immediate bets” the company is making include increasing headcount in Brazil and Mexico, executive GM Ravi Adusumilli said.
By Grace Noto • Sept. 10, 2024
