Risk Management
AICPA Survey: Business Confidence Steady, but Recession Concerns Rise
According to the second-quarter economic outlook survey released by the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA), 54% of financial executives expect their companies to continue expanding over the next year, with the confidence index declining only 1 percentage point quarter over quarter. However, pessimism about the overall U.S. economy has intensified markedly, with 51% of respondents believing the U.S. is already in a recession or will fall into one by year-end, up sharply from 36% in the previous quarter. The survey was conducted from May 5 to May 27, covering over 200 accountants holding positions such as CEO, CFO, and financial controller.
Bristol-Myers Squibb AI Procurement Transformation: Start Running Before Data Is Perfect
Bristol-Myers Squibb proactively chose to "clean data while running" in its AI procurement transformation, shortening RFP cycles from an average of 6-9 months to under 30 days, with first-year platform procurement spending exceeding $1 billion. Meanwhile, an RGP survey shows only 10% of CFOs fully trust data quality, making data readiness a core controversy in enterprise AI adoption.
Cisco Research: Mainstream AI Models Are Far Less Defensive Against Multi-Round Malicious Prompts Than Vendors Claim
Cisco's latest research shows that 15 leading AI models developed by OpenAI, Anthropic, Google, Amazon, and xAI, among others, have significantly higher success rates under multi-round malicious prompt attacks than single-round attacks, with notable gaps in some models. Researchers urge vendors to reassess security testing methods and disclose more cross-scenario data.
Uber Finance Team's AI Adoption Rate Surpassed by Engineering Team
Uber's engineering team has surpassed the finance team in AI adoption, becoming the largest internal adopter. CFO Tiho Nedkov revealed at a Gartner conference that over 90% of finance staff use AI tools daily, but the engineering team leads due to the prevalence of coding tools.
Iran-linked hackers target US and allied critical industries with highly tailored spear-phishing emails
Palo Alto Networks reports that the Iran-linked hacking group Screening Serpens uses highly personalized spear-phishing emails and remote access trojans to conduct espionage activities against critical industries in the US, Israel, and the UAE. The group has escalated operations since the outbreak of the US-Israel conflict, with six new RATs discovered, belonging to two malware families: MiniUpdate and MiniJunk V2.
California Governor Signs Executive Order Focusing on AI's Impact on the Labor Market
California Governor Gavin Newsom signed an executive order on May 21, directing state agencies to assess AI's impact on the labor market and study policy options, including severance pay. The order comes amid heightened tech industry layoffs and similar initiatives launched in multiple states nationwide.
Supply chain resilience increasingly outweighs cost considerations in an era of 'permanent crisis'
In the era of 'permanent crisis,' corporate supply chain strategies are shifting from a sole focus on cost efficiency to balancing resilience and risk management. Experts say that from tariff threats by the Trump administration to frequent geopolitical conflicts, companies need to continuously prepare for normalized shocks. A KPMG survey shows that 73% of companies plan to comprehensively transform their supply chain operating models within the next 36 months, with risk management and resilience building becoming top priorities.
Female Directors on Russell 3000 Index Companies Fall Below 30%
According to research by Women 50/50 in collaboration with Equilar, the proportion of women holding board seats in Russell 3000 Index companies fell to 29.9% in the first quarter of 2026, down from the peak of 30.4% in the first quarter of 2025. Of the new female board seats added, 86.2% were newly created director positions, while only 13.8% came from replacing male directors. Meanwhile, female executives face a 'broken rung' problem in promotions, with McKinsey research showing that for every 100 men promoted to manager, only 93 women are promoted.
Companies without Human-Centric AI Strategies May Lose Top AI Talent by 2027
A Gartner survey conducted in the first quarter of 2026, involving over 12,000 employees and managers, revealed that half of companies lacking human-centric AI strategies may face the risk of losing top talent. The report notes that leaders often mistake basic usage or adoption metrics for transformation, creating an 'illusion of enablement' that masks risks and undermines return on investment.
Executives admit to making 'major' business decisions based on erroneous data
The latest survey by enterprise software provider OneStream reveals that nearly half of finance and technology executives have made 'major' business decisions in the past year based on inaccurate, incomplete, or outdated financial data. Over 70% of respondents stated that poor data has resulted in losses of at least $500,000 for their organizations, with 37% reporting losses exceeding $1 million. As the deployment of artificial intelligence in financial operations expands, companies face pressure to strengthen data governance.