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As the United States’ gross national debt recently surged past the $38 trillion mark, commentators hastened to ring alarm bells. And surely the figure is eye-popping. But as someone who was elected to the U.S. Congress in 1984 on the very platform of fiscal responsibility—and who was the first practicing CPA ever elected to Congress—I … Read more
It wasn’t too long ago that John Summit, 31, (born John Schuster) was commuting home from a grueling day of accounting work in Chicago and chugging cold brews to find the energy to make music. Working at a Big Four firm like Ernst & Young meant some days ended up being nine-to-nine instead of nine-to-five. … Read more
Good morning. Legacy systems and complex data slow down government finance modernization—leaving many public agencies struggling to meet today’s tech demands and real-time accountability. Gerlda B. Hines, Georgia’s state accounting officer since September 2021 and the first woman permanently appointed to the role, is working to eliminate antiquated finance and accounting processes—essentially bringing Big Tech … Read more
Beginning in 2024, a stream of ‘holy shit’ growth metrics from VC-backed startups began to pop up on X [formerly Twitter]. In less than three years, Midjourney’s ARR went from zero to $200 million. In 20 months, ElevenLabs, a voice AI startup, saw its ARR soar from zero to near $100 million. In three months, … Read more
Signage at the Nidec Corp. Qingdao Industrial Park in Qingdao, China, on July 9, 2025. Bloomberg | Bloomberg | Getty Images Shares of Nidec Corp plunged as much as 22.44% Thursday, after the company announced a probe into alleged improper accounting at one of its subsidiaries. The creation of an independent third-party committee comes after … Read more
A proposed class action lawsuit against Strategy which accused the business intelligence company and its executive chairman, Michael Saylor, of misleading investors about the risks of its substantial Bitcoin purchases, has been voluntarily dismissed by the plaintiffs, according to Bloomberg. Summary Investors have voluntarily dismissed a proposed class action against Strategy, closing claims the company … Read more
When President Franklin D. Roosevelt signed the Social Security Act into law 90 years ago this week, he said it would provide economic stability to older people while giving the U.S. “an economic structure of vastly greater soundness.” Today, the program provides benefits to almost 69 million Americans each month. It’s a major source of income for … Read more
Key Takeaways AI startup Rillet raises $70M Series B to transform ERP for SaaS firms, with a16z and ICONIQ backing its automation-first accounting tools. This follows Rillet’s $25 million Series A in May, led by Sequoia Capital. Share this article Rillet, an AI startup reimagining ERP (enterprise resource planning) with automation-first accounting tools for SaaS … Read more
In late 2022, Noah Pepper, a former Stripe business lead for the Asia Pacific region, founded Multiplier, a startup that aimed to sell software to tax accountants. But soon after ChatGPT was released, it occurred to him that AI can change how professional service firms use technology. “I realized I was barking up the wrong … Read more
In late 2022, Noah Pepper, a former Stripe business lead for the Asia Pacific region, founded Multiplier, a startup that aimed to sell software to tax accounts. But soon after ChatGPT was released, he realized that AI can change how professional service firms use technology. “I realized I was barking up the wrong tree by … Read more
https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4