Got this from a colleague? Subscribe · Forward · View in browser
Daily AI briefing for accountants
TOP NEWS
Sources: Nvidia’s board has approached Arm CEO Rene Haas in its search for a potential successor to Jensen Huang; Haas worked at Nvidia more than a decade ago (Michael Acton / Financial Times) Photo for the Nvidia succession story
Microsoft says Microsoft 365 availability is improving as the outage stretches into a second day, disrupting governments, hospitals, and businesses globally (Bruce Gil / Gizmodo)
OpenAI announces ChatGPT Wallet, which lets its dots AI agents make purchases on behalf of users, available to ChatGPT Pro subscribers in the US who are over 18 (Ashley Capoot / CNBC)
AI IN ACCOUNTING
Numica, an AI-led buyer of accounting practices, raises $21M in equity and debt to acquire firms with $700K to $5M in revenue; it has bought seven so far (Taylor Portela / INSIDE Public Accounting)
CPA.com’s executive roundtable: as AI takes on routine work, junior staff move into review earlier, raising questions about where they learn judgment (CPA.com)
The Center for Accounting Transformation argues AI agents should be deployed as narrow specialists with a written job description, clear limits and human accountability (CPA Trendlines)
Forvis Mazars says internal audit should build AI risk into risk assessment and assurance rather than reviewing each AI tool in isolation (Prashant Panavalli / Forvis Mazars)
Thomson Reuters: measure indirect-tax AI against a pre-rollout baseline that tracks risk and performance as well as time saved (Victoria Bradford / Thomson Reuters)
Sage Intacct’s 2026 Release 4 brings AI agents to accounts payable, along with payment, reimbursement and control changes finance teams should plan for (Jennifer Kinzel and Angela Thomas / BPM)
Praevo co-founder Karl Lloyd says the firm is automating its back office with Moss as it aims to double its client base (The Firm)
ACROSS AI
Dario Amodei says figuring out how much computing is needed in a year or two is Anthropic’s “deepest business dilemma” due to the unpredictability of revenue (Bloomberg)
Nscale’s updated IPO prospectus shows Q3 revenue up 1,344% YoY to $307.5M, up from $140.6M in Q2, and net loss widened to $1.69B, up from $1.02B in Q2 (Jordan Novet / CNBC)
Filing: Nscale says it needs more funding for its 2027 commitments after ordering Nvidia chips for a $45B Anthropic deal, casting doubt on its planned $35B IPO (Financial Times)
Sources: Anthropic’s IPO, like SpaceX’s, is closed to institutional investors in mainland China and Hong Kong, partly due to US arms export rules (Bloomberg)
OpenAI launches Daybreak Red Team in early access to test web apps for flaws and Daybreak Defense Factory to automate finding, validating, and fixing them (Jessica Lyons / The Register)
Meta launches an outbound calling feature for Muse, such as to businesses, available for paid US subscribers; Gemini and startup Instinct offer a similar option (Sarah Perez / TechCrunch)
Sources: Moonshot AI is deactivating its Cayman holding company and moving investors’ stakes to its primary operating entity in China to pave the way for an IPO (Wall Street Journal)
MORE NEWS
Letter: ByteDance plans to buy back up to $6B worth of shares from existing investors at a ~$400B valuation, a 20% increase in valuation from its 2025 buyback (The Information)
Mirendil, founded by former Anthropic researchers to build tools for accelerating AI R&D, raised a $1B Series A led by Kleiner Perkins and Clearlake Capital (Sarah Klearman / Wall Street Journal)
Sources: Samsung is in talks to acquire Modine Manufacturing, a US maker of cooling systems for data centers, as soon as in the coming weeks; MOD jumps 30%+ (Bloomberg)
A review of Chinese contracts, disclosures, and other documents identifies $3.2B+ in compute projects built or planned around Nvidia GPUs restricted by the US (Eduardo Baptista / Reuters)
AI PRE-READ · Monday to Saturday Advertise · Unsubscribe