KPMG hunts Silicon Valley AI disrupters to Big Four model
Firm looks to partner or invest in start-ups that could otherwise threaten its business model
FT AI·
The technology opens the door for smaller, well-funded challengers to take market share from the Big Four and others
Read full articleFirm looks to partner or invest in start-ups that could otherwise threaten its business model
Recent college grads are not very fond of commencement speakers hyping up a technology they see as a threat to their career prospects When Jacob Pagel graduated from Middle Tennessee State University this spring, predictions about artificial intelligence already had him questioning the value of his degree. Then a music executive started preaching about AI’s transformative power during a commencement speech. “This industry will change on you in a heartbeat. It has already changed more in the last 10 years than in the 50 years prior … AI is rewriting production as we sit here,” said Scott Borchetta, CEO of the record label Big Machine. After a few stray boos from graduates, he doubled down: “Deal with it.” Continue reading...
The crypto-aligned Protect Progress PAC reported spending another $750,000 on media for a Democratic candidate over Representative Al Green, whom it described as “actively hostile” to digital assets.
Pope Leo XIV presented his first encyclical, “Magnifica Humanitas,” in which he outlined his desire to protect human dignity and agency in an age when technology threatens to replace people in many professional and social roles.
Coinbase CEO Brian Armstrong identified eight finance priorities, including tokenization, stablecoins, AI, and capital formation. He said the system still needs technology and policy work to broaden access and modernize markets. Finance Still Needs These 8 Core Upgrades, Coinbase CEO Says Coinbase CEO Brian Armstrong identified eight finance priorities on May 24, placing tokenization, global […]
The US president’s reversal on calling for a safety review of new AI models is a green light for tech’s unchecked power Only hours before Donald Trump was set to sign a long-awaited executive order on Thursday that would have called for a government safety review of new artificial intelligence models before their release, the president abruptly backed out. Despite growing public backlash to the technology and experts warning new models will pose critical security risks, Trump vowed the US government would not slow down the AI race. During a meeting with reporters on Thursday, Trump cited both American dominance and competition with China and as his reasoning behind the reversal. Continue reading...
Composers have always experimented with new technology — but the latest advances threaten ‘skill death’ in this centuries-old art form
Gov. Gavin Newsom of California has floated a policy idea that’s getting attention in Silicon Valley: let workers own a piece of technology disruption.