Join Us Wednesday, August 26
This startup sold Wall Street on AI. Its existential challenge is doing it again.

Hebbia helped popularize AI for Wall Street. Now it’s trying to stay ahead of the companies chasing the massive opportunity.The startup, one of the earliest companies to use AI to analyze large collections of financial documents, is overhauling its flagship product as larger rivals like Harvey and Rogo crowd one of the tech’s hottest enterprise markets.The company said Wednesday that the new version of its main product, Matrix, can take a user’s request, build the…

Finance news

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Business

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Accounting firm Deloitte agreed to pay $21.5 million to settle Department of Justice allegations that it violated the False Claims Act by failing to comply with anti-discrimination requirements in federal contracts and discriminating on the basis of race or sex, the department announced Tuesday. The settlement resolves allegations that Deloitte violated the False…

Markets

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NYC’s millionaires vs. the pied-à-terre tax

Among New York City’s wealthiest homeowners, the stages of grief over the city’s hotly contested “pied-à-terre tax” go something like this: First, anger at the chaotic rollout. Then denial, as they pepper lawyers and tax advisors with various versions of “How can they do this?” Bargaining follows, as they hunt…

Investing

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