Core Insights - Bonk, Inc. has completed a strategic refresh of its Board of Directors, appointing three new members to enhance expertise in digital assets and capital markets [1][2][3] - The new Board composition gives Bonk-aligned members a clear majority, with a total of seven members [2] - The company is focusing on its subsidiary, BONK Holdings LLC, as part of its new strategy [2] New Appointments - Connor Klein, an investment partner at New Form Capital, brings expertise in financial infrastructure and DeFi [4] - Stacey Duffy, a financial due diligence expert, has extensive experience in complex transactions for corporate and private equity clients [4] - Jamie McAvity, co-founder and CEO of Cormint, Inc., has a proven track record in scaling high-growth operations in the digital asset space [4] Board Changes - The resignations of Jordan Schur and Rich Pascucci from the Board were announced, although Schur will continue as President of Bonk, Inc. [3] - The new appointments are seen as a strategic advantage for the company as it aims to build a premier public vehicle for the BONK ecosystem [3][4] Company Strategy - Bonk, Inc. is evolving to bridge traditional public markets with the digital asset ecosystem, focusing on acquiring revenue-generating assets within the DeFi space [3] - The company also has a beverage division that includes a patented product designed to reduce blood alcohol content [3]

Core Insights - RSM UK has expanded its transactions tax team by hiring Alistair Haley as partner and Andrew Parker as director, both based in London [1][4] - The appointments aim to enhance the team's capacity to meet the growing demand for services in the mid-market deals space [4] Summary by Sections Alistair Haley's Background - Alistair Haley brings nearly 25 years of experience in tax advisory roles, focusing on corporate and private equity transactions [1] - His expertise includes cross-border mergers and acquisitions and knowledge of fund structures used by large investors [1][2] - Prior to joining RSM, Haley worked as a director at KPMG in Australia and later became a partner in the UK office, leading the financial services M&A tax practice [2] Andrew Parker's Background - Andrew Parker has over 30 years of experience in corporate tax work, both in the UK and internationally [3] - He previously held a partnership at Deloitte, advising large corporates, private equity groups, and real estate investors on mergers and acquisitions [3] - Parker's responsibilities included transaction structuring, due diligence projects, and refinancing activities [3] RSM UK's Strategic Goals - James Hunt, head of transactions tax at RSM UK, expressed enthusiasm about the new hires, highlighting their extensive experience in complex, cross-border transactions [4] - The firm aims to leverage the new team members' expertise to enhance service delivery and support growth objectives within the mid-market deals sector [4]

AI is transforming consultants' day-to-day jobs and letting them ditch their most boring tasks. At KPMG, junior consultants are being trained to manage teams of AI agents. They'll replace grunt work with more involvement in strategy, said KPMG's global AI workforce lead. For KPMG's newest consultants, the days of endlessly making slide decks may soon be over. The Big Four consulting and accounting firm is training its junior consultants to manage teams of AI agents — digital assistants capable of ...

Core Insights - KPMG will evaluate staff use of AI tools in annual performance assessments starting in 2026, reflecting the growing integration of AI in consulting and professional services [1][2] - The firm aims to ensure all employees, from leadership to juniors, contribute to AI objectives in their work [2] - KPMG is investing in tools to track AI engagement among staff, emphasizing that monitoring is not punitive but aimed at enhancing job performance [3] Group 1: KPMG's AI Integration Strategy - KPMG's global AI workforce lead, Niale Cleobury, stated that all staff have a responsibility to incorporate AI into their work [2] - The firm is already tracking employee engagement with AI through platforms like Microsoft Copilot [1] - KPMG's objective is to measure the value derived from AI investments [4] Group 2: Industry Context - Other professional services firms, such as Accenture and McKinsey, have also invested significantly in AI technology to reduce costs and improve profit margins amid declining industry demand [2] - Accenture plans to reduce its workforce by letting go of employees who cannot be retrained for AI-related roles, highlighting the industry's shift towards AI competency [4]

KPMG bosses will start examining how staffers are using the firm’s artificial intelligence tools as part of their annual performance reviews, the latest sign of how the technology is rapidly reshaping the world of consulting https://t.co/nn80r2jdI6 ...

A New York judge temporarily extended a freeze on wallets holding roughly $63 million in stolen USDC stablecoins on Thursday, backing a request from Singapore liquidators of collapsed crypto bridge Multichain as they seek U.S. recognition of the case. Judge David S. Jones ordered Circle to keep three Ethereum wallets frozen and to preserve the dollar reserves backing the stolen USDC. The order would help “avoid potential immediate and irreparable harm” if the state court lifted Circle’s freeze and let the a ...

Financial Data and Key Metrics Changes - Microsoft reported revenue of $77.7 billion, an increase of 18% year over year, and 17% in constant currency [21] - Gross margin dollars increased by 18%, while operating income rose by 24% [21][22] - Earnings per share reached $4.13, up 23% year over year [22] - Operating expenses increased by 5%, driven by investments in cloud and AI engineering [22][23] - Cash flow from operations was $45.1 billion, up 32% [24] Business Line Data and Key Metrics Changes - Microsoft Cloud revenue was $49.1 billion, growing 26% year over year [25] - Productivity and Business Processes revenue was $33 billion, growing 17% [26] - Dynamics 365 revenue increased by 18% [27] - Intelligent Cloud segment revenue was $30.9 billion, growing 28% [28] - More Personal Computing revenue was $13.8 billion, growing 4% [29] Market Data and Key Metrics Changes - Commercial bookings increased by 112%, significantly ahead of expectations [24] - Commercial remaining performance obligation (RPO) increased to $392 billion, up 51% year over year [25] - Microsoft Cloud gross margin percentage was slightly better than expected at 68% [25] Company Strategy and Development Direction - The company is focusing on building a planet-scale cloud and AI factory, maximizing efficiency and capacity [5][7] - Investments in AI and cloud infrastructure are prioritized to meet growing demand [19][21] - The partnership with OpenAI is seen as a significant milestone, enhancing Microsoft's AI capabilities [6][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand for AI and cloud services, indicating that demand signals are accelerating [36] - The company expects revenue growth of 14% to 16% for Q2, with a focus on maintaining operational efficiency [30][31] - Management highlighted the importance of creating real-world value through AI solutions [46][48] Other Important Information - The company is increasing its capital expenditures to support growing demand for cloud and AI offerings, with total CapEx at $34.9 billion [23] - The company has a comprehensive digital sovereignty platform, with Azure customers in 33 countries [8] Q&A Session Summary Question: Concerns about stock performance despite strong results - Management acknowledged the strong commercial bookings growth but noted that market perception may not fully reflect the company's performance [38][40] Question: Concentration risk in large contracts - Management reassured that the RPO covers numerous products and customers of all sizes, indicating a broad base of demand [45][46] Question: Confidence in monetizing investments in AI - Management expressed high confidence in the ability to monetize AI investments, citing strong demand signals and a growing book of business [52][55] Question: Clarification on OpenAI investment losses - Management clarified that the increased loss in other income was due to OpenAI's losses under the debt equity method, with no impact from the new agreement [64] Question: Evaluating large contractual commitments from AI natives - Management emphasized the importance of building a fungible asset base and maintaining a balanced customer portfolio to mitigate concentration risk [67][69]

"We are going to see a lot of tension going forward," KPMG Chief Economist Diane Swonk says while reacting to the decision by the Federal Reserve's policy-setting Federal Open Market Committee to cut rates a quarter point on "Bloomberg Surveillance: The Fed Decides." ...

Portuguese police on Wednesday carried out searches at the Lisbon offices of KPMG as part of an investigation into corruption allegations involving Novo Banco https://t.co/etPsD5Mhht ...

Portuguese police on Wednesday carried out searches at the Lisbon offices of KPMG as part of an investigation into corruption allegations involving Novo Banco https://t.co/8VSHwKYD7w ...