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Recent Editions
North America
Human Times
CNBC reports on companies that have walked back their hiring plans after rapidly changing their minds that artificial intelligence can “do it all,” to focus more on human capital. Ford has rehired hundreds of experienced human engineers to work on quality issues that automated systems couldn’t fix, and Commonwealth Bank of Australia and IBM are also said to be refocusing on human capital after making layoffs while investing in AI. IBM replaced its HR functions with AI that handled around 94% of routine requests but was unable to meet the other 6%, which included ethical dilemmas. “Budgeting on ‘tech to replace humans’ without investing in training or upskilling left teams unprepared to leverage AI,” a report from Intuition Labs observed. “Notably, among companies pushing automation, many later ‘regretted’ layoffs, having cut the very people needed to oversee AI,” it added.
Full Issue
UK
Human Times
CNBC reports on companies that have walked back their hiring plans after rapidly changing their minds that artificial intelligence can “do it all,” to focus more on human capital. Ford has rehired hundreds of experienced human engineers to work on quality issues that automated systems couldn’t fix, and Commonwealth Bank of Australia and IBM are also said to be refocusing on human capital after making layoffs while investing in AI. IBM replaced its HR functions with AI that handled around 94% of routine requests but was unable to meet the other 6%, which included ethical dilemmas. “Budgeting on ‘tech to replace humans’ without investing in training or upskilling left teams unprepared to leverage AI,” a report from Intuition Labs observed. “Notably, among companies pushing automation, many later ‘regretted’ layoffs, having cut the very people needed to oversee AI,” it added.
Full Issue
USA
Education Slice
A coalition of education advocacy groups, including the National Center for Learning Disabilities, has sued the Trump administration, alleging the Office of Management and Budget and the U.S. Department of Education unlawfully withheld congressionally appropriated funding for the Institute of Education Sciences. The lawsuit argues the administration has prevented the agency from spending funds approved by Congress, placing $793m for education research programs at risk of expiring on September 30, alongside $50m for the Comprehensive Centers program and additional funding for the Education Innovation and Research program, which expires later in the year. Plaintiffs say the funding freeze could have a devastating impact on education research, teacher support, and programs serving students with learning disabilities and high-need communities, while the Education Department said it remains committed to meeting its statutory obligations and supporting high-quality research.
Full Issue
USA
Accountancy Slice
The House Ways and Means Committee has advanced seven bipartisan tax administration bills aimed at modernizing the Internal Revenue Service, strengthening taxpayer protections, and improving transparency. The measures include extending tax filing relief for Americans held hostage overseas, restoring tax deductions for fraud victims, authorizing the National Taxpayer Advocate to file amicus briefs in federal court, launching an artificial intelligence pilot program to detect fraudulent tax returns, cracking down on fraudulent "ghost" tax preparers, creating a fellowship program to recruit private-sector data scientists to the IRS, and requiring tax-exempt hospitals to provide more detailed reporting on community benefits, executive compensation, and billing practices. While supporters said the legislation would improve fairness, efficiency, and accountability, hospital groups opposed the transparency proposal, arguing it would impose significant administrative burdens on nonprofit health systems.
Scotland
Legal Matters Scotland
The Times reports that senior members of the Scottish Green Party privately backed calls by MSP Kate Nevens to abolish prisons, according to leaked internal messages, despite public statements distancing the party from her comments. Nevens later moderated her position, saying violent offenders would still need to be removed from society for public safety. The Scottish Greens co-leader Ross Greer had previously said the views did not represent party policy, while Rachael Hamilton, of the Scottish Conservatives, called on the Greens to clarify their official position on prison abolition.
Full Issue
North America
Legal Slice
The U.S. Federal Trade Commission (FTC) has proposed new guidance warning that AI companies whose chatbots are designed to produce responses aligned with "ideological objectives" could violate federal consumer protection law. The agency said AI developers that train models to avoid responses deemed discriminatory toward certain groups may, in some cases, run afoul of Section 5 of the Federal Trade Act, which prohibits unfair or deceptive business practices. The FTC also said complying with Colorado's AI anti-discrimination law could potentially conflict with the FTC Act, reflecting the Trump administration's broader scrutiny of perceived political bias in AI systems. The proposal is open for public comment through July 31, after which the agency will consider whether to adopt the policy. The guidance is the latest effort by FTC Chairman Andrew Ferguson to use the agency's consumer protection powers to address concerns raised by conservatives over alleged ideological bias in technology platforms.
Full Issue
Europe
Risk Channel
A Swedish court has ordered Google to pay around SKr14.3bn ($1.5bn) in damages to PriceRunner, the price comparison website owned by Klarna, after ruling that the technology giant unfairly favoured its own shopping comparison service in search results. Including interest, the award totals around $2bn, making it the largest competition damages award in Swedish legal history, although substantially below the SKr78bn originally sought. The case stems from a long-running dispute over Google's search practices, which the European Commission first ruled against in 2017. PriceRunner argued that Google's preferential treatment of its own shopping service significantly reduced traffic to rival comparison websites, resulting in lost profits across the UK, Sweden and Denmark. Google said it disagrees with the ruling and is reviewing its legal options.
Full Issue
North America
CFO Slice
A new KPMG survey has found that while 72% of executives say they have a strong understanding of their companies' sustainability strategies, only 19% report using robust financial valuation methods to quantify sustainability's impact on value creation and future performance. Surveying more than 2,000 senior executives across 19 countries, KPMG found that 60% of companies incorporate sustainability risks and opportunities into financial planning and 50% have embedded sustainability into their business strategies, but many lack the tools and frameworks needed to connect sustainability with financial outcomes. The report found the banking and capital markets sector leads in applying advanced valuation techniques at 33%, followed by energy and natural resources and automotive, both at 31%, with KPMG warning that companies unable to quantify sustainability risks and opportunities risk mispricing investments and missing long-term value creation opportunities.
Full Issue