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KPMG Ends U.S. Gov't Audit Business After Losing Army Contract
KPMG Ends U.S. Gov't Audit Business After Losing Army Contract
KPMG, one of the Big Four accounting firms, is winding down its federal government audit business after losing a $64 million-a-year U.S. Army audit contract, a major setback as the Department of War under Defense Secretary Pete Hegseth moves to bring in another accounting firm.
According to the Financial Times, the Army's shift to a new auditor comes as pressure intensifies on Hegseth to gain control of the DoW's finances after nearly a decade of failed independent audits.
The DoW, which oversees...
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Jun 10, 2026 / Tyler Durden
Former MI6 Spy Alastair Crooke: Iran Takes Its Chances With War
Former MI6 Spy Alastair Crooke: Iran Takes Its Chances With War
Authored by Alastair Crooke
The US war with Iran has moved beyond its initial phase to an emerging new one — one in which Iran implicitly stakes its chances on the next phase being war. Most likely this will be in abbreviated episodes of limited war, but possessing nevertheless a potential to widen regionally, should the US (and Israel) elect to sharply escalate.
The new phase involves risk of course, yet Iran holds the high cards of an ability to impose disproportionately heavier...
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Jul 7, 2026 / Tyler Durden
DeepSeek Developing In-House AI Chip In Bid To Cut Nvidia Reliance
DeepSeek Developing In-House AI Chip In Bid To Cut Nvidia Reliance
DeepSeek is developing its own artificial intelligence chip, a move that could reduce its reliance on both US-based Nvidia and China-based Huawei.
Leading model developers are increasingly seeking to control more of their compute stacks, particularly for inference, as AI models move from training labs into the mass market.
DeepSeek is the latest company to pursue this strategy by developing a new in-house inference chip, Reuters reports.
If successful, this effort would mark a major shift for the Chinese AI chatbot...
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May 3, 2026 / Dave DeCamp
Trump Says US Acting ‘Like Pirates’ Against Iran
President Trump said on Friday that the US Navy was acting “like pirates” while enforcing the blockade against Iran, comments that affirm Tehran’s characterization of the US military action, which has involved seizing ships and Iranian oil. “We … land on top of it and we took over the ship,” Trump told a crowd of […]
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