Technology
Apptio announced on Tuesday the expansion of its FinOps tool suite, introducing real-time cloud spend visibility and updates to the AI assistant Conversational Insights on the Cloudability platform, to address cost management challenges enterprises face in hybrid IT environments.
SpaceX faces key executive retention challenges after its IPO, and its CFO Bret Johnsen's long-term incentive plan has been tied to adjusted EBITDA targets, a move aimed at ensuring financial leadership stability through performance-based equity incentives.
According to a joint report by Genpact and HFS Research, the world's top 2000 listed companies are leaving nearly $18 trillion in unrealized AI value on the table due to 'enterprise debt' (shortcomings in technology, data, processes, and talent). The study indicates that only 6% of companies can effectively address such debt, while those that succeed are expected to achieve annual revenue growth of 8% and cost reductions of 16%.
During its fiscal 2026 fourth-quarter earnings call, Oracle announced the introduction of token-based and outcome-oriented AI pricing models, aiming to simplify how customers consume and pay for agentic AI capabilities. CEO Mike Sicilia stated that 33 customers, including Aon Services Corporation and Liberty Energy, have pre-purchased token packages. The company also reported quarterly revenue growth of 21% year-over-year to $19.2 billion, with cloud business revenue increasing by 47%.
Research jointly released by Mitek and Datos Insights indicates that synthetic identity fraud is becoming a major driver of financial crime in 2026. Losses related to U.S. unsecured credit are projected to exceed $3.1 billion in 2026, a significant increase from $1.8 billion in 2020. Generative AI enables fraudsters to mass-produce realistic fake identities and documents, posing severe challenges to traditional verification systems.
McAfee announced on Wednesday the appointment of Experian veteran Brian Herb as Chief Financial Officer, succeeding Jennifer Biry. Herb will report to President and CEO Craig Boundy. Biry announced her departure after four years in the role. Herb previously served as CFO and Chief Administrative Officer at CCC Intelligent Solutions and spent twenty years at Experian.
Alphabet, in a securities filing on Friday, announced the appointment of Marsida Saraci, who has been with the company for about 15 years, as chief accounting officer, effective immediately. Saraci, 47, previously served as vice president of finance and deputy controller, and worked at KPMG for over eight years before joining the company in 2011. The appointment comes about two months after Amie Thuener O'Toole stepped down from the role to become Broadcom's head of finance.
The cybersecurity industry is highly focused on how AI helps hackers quickly analyze vulnerabilities and write malware, but Outtake's latest report points out that AI's realistic imitation of corporate leadership also poses a major threat. The survey shows that 53% of enterprises have already encountered impersonation attacks targeting executives or ordinary employees this year, while 75% of surveyed enterprises only conduct limited impersonation monitoring or respond passively after attacks occur.
Artificial intelligence has been the leading cause of layoffs at US companies for the third consecutive month. In May, AI-related layoffs reached 38,579, the highest since the firm began tracking this category in 2023, representing 40% of all layoff announcements that month. Year-to-date, total AI-related layoffs have already surpassed the full-year total for last year.
EY-Parthenon released its mid-year M&A outlook, projecting an 8% increase in U.S. M&A deals valued over $100 million in 2026, with the corporate sector up 11% and private equity flat. AI demand is a key driver, yet geopolitical and economic headwinds are prompting investors to be more prudent.