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EY (Ernst & Young) is one of the Big Four global professional services firms, offering audit, tax, consulting, and advisory services across industries.
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Meta cut $3.9 billion from its 2025 tax bill with research credits after classing AI data-center chips as pilot models, The New York Times reported. A reserve that grew alongside the credits suggests an IRS win would cost Meta more in cash than in reported profit.
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SpaceX took $86 billion of the $110.8 billion venture-backed companies raised in first-half 2026 IPOs, per Crunchbase, leaving $24.8 billion for the rest. That remainder is still about double last year's $12.6 billion, though the count of listings covers only companies valued at $1 billion or more.
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UC San Diego and Inria researchers forged a 1024-bit RSA signature through an HSM in 1,380 core-years, against at least 500,000 to factor the key. The attack only works with raw, unpadded signing access, so how exposed a custodian is depends on how its HSM is configured.
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A $100 million Series C led by ICONIQ, the third round in about a year, buys a board seat and a claim on general ledger spend. The growth disclosure is rates, not levels.
Perspective Coverage
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The big firms are repositioning as technology shops sold on multi-year delivery. What buyers sign for is a system inside their own operating model, and the recourse still looks like time and materials.
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Lloyds, NatWest, Barclays and HSBC settled Britain's first interbank transfers of tokenised sterling deposits in three pilot transactions. The Bank of England favours such tokens over private stablecoins, yet it still sketches a system where the two convert at par.
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The new Client Technology & Innovation group puts AI, innovation and the firm's Anthropic and OpenAI alliances under one vice chair reporting to CEO Tim Walsh, eight days before the previous AI vice chair retires.
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EY's Tony Nitti says owners are moving into C corporations as they have not since 1986, even after the July 2025 law made the 20% passthrough break permanent. The pull comes from the corporate rate and a wider stock exclusion, so the case holds only for owners those provisions reach.
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Paul Atkins would raise the Section 404(b) float exemption from $700 million to $2 billion, releasing about 1,700 companies from a $430 million pool of attestation fees drawn out of the $3.8 billion they pay their auditors.
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The August 24 letter to Deloitte, EY, KPMG and PwC copies the SEC's chairman and its enforcement director. Two authors who come at climate policy from opposite directions say its independence theory refutes its own benchmark.
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Sam Altman told Fortune that OpenAI favours slowing the industry alongside four named rivals and will not go public this year. Dario Amodei says that coordinating a pause would in some cases require a government exemption.
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Altman told Fortune that OpenAI will not go public this year and that its backers were warned safety work could cost them. The coordinated slowdown he and Amodei want still needs an antitrust exemption to work.
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American Express took its Platinum fee to $895 and Chase took Sapphire Reserve to $795. Consultants at Datos Insights and EY say the increases cover rising rewards costs and also shed holders who only chase points.
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A Microsoft Macabacus survey puts AI-generated errors in 62% of teams and comprehensive guardrails in 24%, and the advisors quoted alongside it describe prompt-built apps that need retesting to return the same answer twice.
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London's register has fallen to 1,534 companies and more than 30 are leaving this year, while its seven first-half IPOs raised $780 million between them. LSE chief Julia Hoggett says the pipeline is the largest since 2005.
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Richard Clough says enterprise data rules were written on the assumption that a human makes the final call, and the survey number he brings to size the problem counts people who let AI shop and bank for them.
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A Forbes Tech Council column by EY partner Farooque Munshi says most manufacturers run two AI estates, and that the larger one arrived as capital equipment judged on price, delivery and warranty, with no survey behind the claim.
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Abhay Gupta of Bidgely cites Gartner and MIT figures to argue that fragmented data and ownership, not algorithms, keep utility AI stuck in pilots. His staffing math is more precise than the evidence that it works.
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Consumption pricing made model access a variable cost, and McKinsey now watches it user by user, emailing the heavy spenders rather than cutting them off. EY reports a larger saving from a quieter method.
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EY counts twelve US deals above $1bn in the first half of 2026 against four a year earlier. With issuers weighing direct listings, dual-track runs and SPACs, the route now decides which disclosure work lands first.
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