Technology
GlobalFoundries CFO Steps Down Less Than Two Years into Tenure
Chipmaker GlobalFoundries announced on Monday that CFO John Hollister has stepped down immediately for personal reasons after just over a year in the role. The company appointed Senior Vice President Sam Franklin as interim CFO and initiated a search for a permanent successor. On Tuesday, GlobalFoundries announced a €1.1 billion (approximately $1.3 billion) investment to expand its Dresden, Germany, plant, with annual capacity expected to exceed 1 million wafers by the end of 2028.
Adobe further intensifies its AI布局 after third-quarter revenue growth
After a strong third-quarter earnings report, Adobe announced new generative and agentic AI features for products such as GenStudio and raised its full-year revenue guidance. The company's CEO called AI the biggest opportunity in decades, with multiple AI products achieving their annual recurring revenue targets ahead of schedule.
CFOs Need to Establish 'Audit Discipline' for AI Data
Against the backdrop of AI increasingly becoming part of corporate operations, CFOs need to ensure that the data fed into models carries the same credibility as financial statements. Usercentrics CEO Donna Dror emphasizes that data should be treated as a financial asset, with privacy and trust serving as governance mechanisms that preserve and enhance value; meanwhile, front-loading compliance can reduce later remediation costs and act as a growth driver.
From Friction to Smooth Sailing: How Automated Accounts Receivable Reshapes the B2B Customer Experience
With the rise of millennial and Gen Z decision-makers, B2B buyers' expectations for transaction experiences have aligned with consumer-grade standards. However, many enterprises still rely on manual credit reviews and rigid payment terms, creating transaction friction and the risk of customer churn. Drawing on data from Deloitte and McKinsey, as well as observations from Craig Lenders, Director of Product Management at Capital One Trade Credit, this article analyzes the true costs of traditional AR processes and explains how automated systems achieve dual improvements in efficiency and experience across credit decisions, multi-channel servicing, and dispute resolution.
Plaid's New CFO Focuses on 'Sustainable Growth,' Former Stripe Executive Takes Over
Plaid announced the appointment of Seun Sodipo as CFO, succeeding the departing Eric Hart. Sodipo previously worked at Stripe and Glossier, and she will prioritize sustainable growth while continuing to expand new businesses such as credit, anti-fraud, and payments. The company recently completed a $575 million funding round and has no immediate IPO plans.
Australian Government: Deloitte Refunds Over $60,000 for AI Error Report
Big Four accounting firm Deloitte has refunded more than 97,000 Australian dollars (approximately 63,000 US dollars) in contract payments after submitting a report containing artificial intelligence-generated errors to the Australian Department of Employment and Workplace Relations. A department spokesperson confirmed on Tuesday that the contract was valued at approximately 440,000 Australian dollars, and the revised report was released this month.
CFO Perspective: Stablecoins Are a 'Reconstruction' of the Payment System, Not a Simple Tool—EY Executive Suggests
EY executive Clare Adelgren points out that CFOs should view stablecoins as a 'redesign' of payment infrastructure, not as isolated assets. Since the signing of the GENIUS Act, corporate interest has surged, but CFOs need to start from strategic pressure points, evaluate cost savings in scenarios such as cross-border payments, and pay attention to 'digestibility.' Stablecoins will not replace existing payment rails but will develop in parallel.
Oracle Expands Agentic AI Toolkit for CFOs
Oracle announced on Wednesday the expansion of its AI agent portfolio for enterprise finance professionals, adding tools such as accounts payable. These agents are embedded in the Fusion Cloud Applications suite and were unveiled at the 2025 AI World Conference in Las Vegas. Oracle executives stated that this move will usher finance into a new era driven by intelligent agents.
Gap and Google Cloud Announce Multi-Year Partnership to Accelerate AI Strategy Implementation
On October 9, Gap Inc. announced a multi-year partnership with Google Cloud to accelerate its technology and AI strategy. The collaboration will integrate tools such as Gemini, Vertex AI, and BigQuery into the company's technology stack, aiming to enhance product development efficiency, optimize customer experience, and support employee decision-making. Gap executives emphasized a prudent approach to AI adoption, balancing innovation with risk.
Strategies for Addressing the CFO Supply-Demand Imbalance: A Sutker Moran Perspective
CFO turnover has hit a seven-year high, bringing interim and part-time CFOs back into the spotlight. Sutker Moran President Scott Moran notes that retirements outnumber new CFO appointments, creating a supply-demand imbalance. Companies adopt team models to provide flexible senior financial support, emphasizing that financial leaders in the AI era must continuously learn new skills.