UK Retail Sales Rise as World Cup and Heatwave Boost Food, Pubs and Clothing 
Oil Prices Rise as US-Iran Talks Stall, Inflation Risks Grow 
Dollar Steady as Markets Await U.S. Inflation Data 
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium 
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
Sanrio Shares Plunge as Q1 Profit Miss Overshadows Strong Sales 
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
ADNOC Gas Targets Up to $4B Profit in 2026 
S&P 500, Nasdaq Slip as Oil Jumps on Iran Tensions 
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch 
Hims & Hers Shares Fall as GLP-1 Costs Widen Q2 Loss 
Wall Street Slips as Oil Prices Surge 5% on Iran-Hormuz Uncertainty 
Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico 
Oil Prices Rise as Hormuz Reopening Remains Uncertain 
Gold Prices Hold Near Seven-Week High as Markets Await U.S. Inflation Data 
South Korean Won Leads Asian FX Losses as Dollar Rises 
Microsoft Corporation and KPMG International Limited have signed a landmark agreement that will put artificial intelligence (AI) at the front line of their professional services. Moreover, the companies entered into a multiple-year cloud and AI deal to advance staff experience while also hastening innovation for customers in the fields of audit, tax, and advisory.
As per Fox Business, a lot has already been written and said about how AI may affect jobs not only in the tech sector but in other fields as well. With reviews like the one carried out by McKinsey & Company, it was discovered that 25% of current job tasks in the United States may become automated. Industry experts also believe that AI will free up some of the employees’ “to-do’s” so they can work more on high-level tasks.
Now, with Microsoft and KPMG joining other tech firms such as IBM, Intel, Nvidia, and Google that are competing for AI dominance, their cooperation on AI may open billions in growth potential in cybersecurity, tax services, and cloud computing business areas.
“Our renewed and strengthened relationship with Microsoft is an exciting moment for our people and our clients,” KPMG International’s global chairman and chief executive officer, Bill Thomas, said in a press release. “It will help harness the power of our multidisciplinary model by ensuring that our people always have the right expertise, skills, and tools to overcome challenges and provide the very best advice to clients.”
He added that the partnership will “also help make KPMG a more agile and resilient business that continues to be an interesting and exciting place to work.”
Microsoft’s chairman and CEO, Satya Nadella, further stated, “We have a real opportunity to apply this next generation of AI to help transform every industry, including professional services and our expanded partnership with KPMG will bring together AI innovation across the Microsoft Cloud with KPMG’s tax, audit and advisory expertise to empower its employees and unlock insights for its customers.”
Photo by: Microsoft Press Release
