Moonshot AI's Kimi K3.1 Pro passed 86.1% of tasks on the DualEntry Accounting AI Benchmark, placing fourth and ahead of every model from Anthropic, OpenAI and Meta. Zhipu AI's open GLM-5.3 Flash tied for second at 88.1%, while Google's Gemini 4 Argon leads at 91.1%. Across the leaderboard, seven open models average 83.9%, compared with 81.3% for 13 closed models. Closed models still lead on reliability, however: the top score on hard tasks is 82.1%, shared by three closed models, and the five models that most often passed a task in all three runs are all closed.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
artificial intelligencesoftwareaccounting
Open a keyword to see other news on the same topic.
Related tickers and likely impact
GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/23/2026 | 320.21 |
| Change that session | -1.24% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- How Accounting Helped Tesla Beat Gross Profit Numbers
- US accounting overhaul could make stablecoins more attractive to corporations: Tempo
A report from Tempo, a blockchain backed by Stripe, argues that a proposed FASB accounting update released in August could let qualifying stablecoins be classified as cash equivalents, removing a barrier to corporate adoption. Under current practice, stablecoin holdings may not count toward reported cash, affecting liquidity ratios and loan covenants even when tokens are fully backed by dollars. The proposal would require companies to hold direct redemption rights with the issuer, so buying USDC through an exchange would not automatically qualify, while Coinbase already classified USDC and other payment stablecoins as cash equivalents in its 2025 annual report. Public comments on the proposal are open until Nov. 19. It follows the GENIUS Act passed in July 2025, which sets the first comprehensive federal framework for US payment stablecoins and is scheduled to take effect in January 2027.
- Veteran fund manager revamps Alphabet stock price target after brutal sell-off
Alphabet shares plunged after disappointing earnings, but a veteran fund manager still sees reasons to be positive on the Google parent. The manager has revised the stock's price target following the sharp sell-off.
- Cracks are emerging in the AI spending boom
Investors are growing nervous about AI infrastructure spending, even as Alphabet, Amazon, Meta and Microsoft plan to spend more than $740 billion on capital expenditures this year. The Nasdaq fell 2.9% on Friday, with chip stocks hit hard and Qualcomm down 11%. Alphabet plunged 12% on Thursday, wiping out $500 billion in market value, and reported negative free cash flow of $9.1 billion in the third quarter while expecting to spend up to $205 billion this year, as its Search advertising growth slowed to 12% amid the rollout of AI Mode. Amazon posted negative free cash flow of $42.4 billion over the past 12 months despite 39% AWS growth, and Meta reported negative free cash flow of $2.1 billion in the third quarter even as ad revenue rose 26%. Negative cash flow, mounting debt and doubts about whether these investments will pay off are weighing on market sentiment.
- Gene Munster 'More Concerned' About Amazon and Alphabet — Says AI Bots Mean Shopping Edge 'Will Increasingly Be Under Attack'
Investor Gene Munster warned that personalized AI bots could threaten Amazon's hold on online shopping and Alphabet's grip on search, as shoppers may increasingly start with bots to find products. He cited Meta widening its retail partnerships for its Muse agent, with Walmart, Sephora and Best Buy already on board while Amazon has blocked it, and estimated current global daily bot usage at about 20 million, which he expects could reach 2 billion in three years. Alphabet's Chief Business Officer Philipp Schindler said agents would be additive to search, though search growth slowed in the quarter with AI Mode showing lower monetization. Amazon reports third-quarter results after the bell on Thursday.
- The selloff in tech stocks is shifting into overdrive
Technology stocks had been priced as if perfection were assured, and they are now being sold off heavily.
Related markets
Latest news
- Why CareDx Stock Soared Today
CareDx shares (CDNA) rose more than 22% on Friday after the medical diagnostics provider reported strong third-quarter growth. Revenue jumped 39% year over year to $139 million, driven by a 65% increase in testing services revenue to $119 million, while testing volumes climbed 51% to 75,900 after the July acquisition of cancer blood-test maker Naveris. Patient and digital solutions revenue rose 31% to $20 million, and EBITDA doubled to $30 million. For full-year 2026, CareDx now expects revenue to grow about 38% to $525 million and has raised its adjusted EBITDA target to $90–100 million from $66–78 million. CEO John Hanna said clinicians want actionable molecular information about patients' disease status to inform treatment decisions.
- Meta outlook revised to negative by S&P on cash flow and capex concerns
S&P Global Ratings revised Meta's outlook to negative while keeping its AA- rating, citing uncertainty over elevated capex and negative free cash flow tied to AI spending. Meta expects full-year capex of $135–145 billion and posted negative free cash flow of $2.12 billion in its third-quarter report, its first time in the red. S&P expects capex growth to start flattening from 2028 but is less certain Meta will curtail spending as previously anticipated. Meta shares fell 7% after earnings and 15% in October, the worst month in four years, and the company plans to raise $95 billion, including $35 billion in underwritten public equity offerings and $60 billion through an at-the-market program. A Meta spokesperson disagreed with S&P's view of its AI monetization, saying its infrastructure will open new revenue streams.
- Prediction: This Is the Quantum Computing Stock Most Likely to Still Be Standing in 2030
The article cites Gartner's forecast that by 2030, over 50% of quantum computing start-ups will go out of business as viable commercial revenue runs out, and the author predicts IonQ (IONQ) will be one of the few pure-play quantum companies still standing in 2030. IonQ's trapped-ion technology delivers high fidelity, and its second-quarter revenue of $80.1 million was nearly double the combined Q2 sales of all other pure-play quantum computing companies; it also advanced to the final round of DARPA's Quantum Benchmarking Initiative. IonQ forecasts 2026 revenue of $450–460 million, up from $130 million in 2025, helped by its acquisition of SkyWater Technology. IonQ ended Q2 with $3 billion in cash, cash equivalents and investments, but its Q2 expenses rose to $417.3 million from $181.3 million in 2025, and its trailing-12-month free cash flow was negative $570.2 million. The author argues that if IonQ meets its sales target and keeps growing, its cash could fund operations into 2030, though it must turn free cash flow positive to avoid further shareholder dilution or additional debt.
- This cybersecurity stock will be the next to join the S&P 500
Okta is set to join the S&P 500 on Wednesday, replacing Kenvue.
- Cramer's week ahead: Expect more volatility as tech earnings, midterms loom
CNBC's Jim Cramer warned volatility may not be over after a turbulent week in which tech shares fell on renewed concerns about the AI trade, and said it was too early to call a bottom in the Nasdaq. The Nasdaq Composite rose 2.3% through Wednesday before dropping 2.9% Friday to end the week down 2%, while the S&P 500 finished down 0.6% and the Dow Jones Industrial Average down 0.9%. The coming week brings the midterm elections, earnings from Palantir, Apple, AMD, Pfizer, Amgen, CVS, McDonald's and Kimberly-Clark, and the monthly jobs report on Friday. Cramer said Apple's valuation of almost 40 times earnings leaves little room for disappointment, but he would still own the stock.
- Learn Why The Bull Case For Verizon Communications (VZ) Could Change Following Raised Outlook
Verizon reported Q3 2026 revenue of US$34.313b and net income of US$5.198b, and raised its full-year outlook. The company expanded AI-focused connectivity deals with Amazon and Alphabet and committed US$5b over five years to a Small Business Supplier Accelerator for US suppliers. The article says stronger subscriber trends and enterprise AI Connect contracts show Verizon pairing network scale with more durable customer relationships. An analyst narrative points to forecast revenue of US$147.7b and earnings of US$23.0b by 2029, based on assumed 2.1% annual revenue growth. Key risks include intense competition, heavy capital spending and new pressure from satellite players.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.