Deloitte says it will partially refund payment for an AU$439K Australian government report with multiple errors, after admitting it was partly produced by AI
Big Four firm will repay final instalment after incorrect references and citations found in document
Docs and sources: Builder.ai faked business with Bengaluru-based VerSe, which runs the Dailyhunt news app, by “round-tripping” sales worth ~$60M from 2021-2024
www.bloomberg.com/news/article... X: Nikhil Patwardhan / @patwardhannn : 🚨🚨 The Dailyhunt, Josh story seems to be unravelling quickly. Another Peak XV startup, among the most funded ones, seems to be ...
Docs and sources: Builder.ai faked business with Bengaluru-based VerSe, which runs the Dailyhunt news app, by “round-tripping” sales worth ~$60M from 2021-2024
www.bloomberg.com/news/article... X: Nikhil Patwardhan / @patwardhannn : 🚨🚨 The Dailyhunt, Josh story seems to be unravelling quickly. Another Peak XV startup, among the most funded ones, seems to be ...
US Defense Secretary Pete Hegseth cuts $5.1B in IT and consulting contracts, such as with Accenture, Deloitte, and Booz Allen, calling them “wasteful spending”
- US Defense Secretary Pete Hegseth ordered cuts at the Pentagon including some consulting contracts.
OpenAI unveils o3 and o3-mini, trained to “think” before responding via what OpenAI calls a “private chain of thought”, and plans to launch them in early 2025
12 Days of OpenAI: Day 12 Naomi Li Gan / Tech in Asia : OpenAI unveils AI model for advanced reasoning Bojan Stojkovski / Interesting Engineering : OpenAI unveils o3 reasoning AI model to tackle compl...
As payment fraud grows, governments, banks, and tech companies disagree on who should cover losses; Deloitte says AI content added to $12B+ in US losses in 2023
Financial Times :
Deloitte expects chip industry revenue to grow 16% YoY in 2024 to a record $611B, and to reach $1T by 2030, despite the industry facing a talent shortage
Dean Takahashi / VentureBeat :
Deloitte is using AI to evaluate its staff's skills and map out plans to shift employees into more in-demand roles, as a part of plans to moderate hiring growth
Irina Anghel / Bloomberg :
Analysis: Arm's $5B IPO generated $84M in fees for services firms including Deloitte, the most a company spent on fees since Axa in 2018 and over 7x the average
Nicholas Megaw / Financial Times :
McKinsey partners with Cohere to help enterprise clients adopt generative AI, after Deloitte partnered with Nvidia and Bain and Company teamed up with OpenAI
Krystal Hu / Reuters :