Accenture is the latest company to pay up for President Donald Trump’s DEI policies. The technology and consulting firm agreed to pay $25 million to settle allegations that it failed to comply with antidiscrimination requirements in federal contracts, the Department of Justice announced on Monday. The agency accused Accenture of discriminating against employees and applicants
The stablecoin boom has made it easier for people and businesses to move currencies across borders. But converting those digital dollars into money that can reach local bank accounts or digital wallets remains a practical hurdle. New York-based Fin.com is among the latest companies seeking to build the payment infrastructure that helps customers bridge that
A DeepSeek engineer who helped write a key component of the company’s latest model has given his readers a rare insight into work at a Chinese frontier lab — and how China’s workers are contending with AI’s risks. In a blog post published in Chinese on his public WeChat account titled “I Have No Choice
Ever since the U.S.-Iran war choked the Strait of Hormuz, Asian importers have scrambled for new sources of oil and LNG to keep the lights on. Yet China’s energy companies are reckoning with an entirely different problem: They have too much power. “China’s grid is a very strong and stable one,” Youyuan Huang, executive vice
For months, Wall Street debated whether AI spending had become too much, too fast. Now, after calls by some of the industry’s biggest names to slow frontier AI development, investors are asking whether AI spending could slow, too. “Does a “pacing slowdown” necessarily imply a spending slowdown? We don’t think so,” Bernstein analysts wrote Monday,
In the check-out line of your local grocery store, there’s a nearly one-in-three chance someone there has used an app like Klarna or Affirm to finance their purchase of produce, milk, and eggs at some point. Their use of buy now, pay later could mean your groceries are about to cost more, economists have found.
