By Jeff Dale2024-03-20T19:41:00
Data center owner Equinix boasts artificial intelligence as a boon to business when power consumption costs related to implementing AI could be detrimental to its profitability, according to an investigative report by short seller Hindenburg Research.
Hindenburg alleged in its report, published Wednesday, that Equinix is “selling an AI pipe dream” and has been conducting “major accounting manipulation” since transitioning to a real estate investment trust (REIT) in 2015.
After changing to a REIT, the firm began using adjusted funds from operations (AFFO) as a key metric in determining executive bonuses, per Hindenburg. In 2015, it reported a 47 percent drop in maintenance capital expenditures (CapEx), leading to an estimated 19 percent boost to reported AFFO, the report continued.
2024-03-25T19:48:00Z By Jeff Dale
Data center owner Equinix disclosed it launched an independent investigation to review matters referenced in a recent short seller report that also caught the attention of the Department of Justice.
2024-03-18T19:48:00Z By Adrianne Appel
Delphia USA and Global Predictions agreed to pay a total of $400,000 to settle charges by the Securities and Exchange Commission the firms each engaged in artificial intelligence misrepresentations that misled clients about how they were using the technology.
2024-02-29T16:46:00Z By Kyle Brasseur
The Treasury Department announced its success using artificial intelligence to track down instances of check fraud—a potential preview of the results that might come if the agency applies AI in other enforcement-related circumstances.
2025-10-07T20:32:00Z By Jaclyn Jaeger
Emerging technologies, like artificial intelligence (AI) and advanced data analytics, can improve audit quality in significant ways. As the regulatory overseer of public-company audits, the Public Company Accounting Oversight Board (PCAOB) has a critical role to play by ensuring that its audit standards evolve as the audit profession evolves.
2025-07-21T14:13:00Z By Aaron Nicodemus
Continuing a Trump administration practice of firing independent regulators, the head of the Public Accounting Oversight Board has been sent packing.
2025-06-03T21:33:00Z By CW Staff
Nearly 200 attendees gathered at the Hotel Zaza in Austin, Texas for Compliance Week’s 2025 June 3-4. This year’s conference brought together compliance professionals from across the globe to discuss how rapidly shifting politics, policies and supply chain realities are affecting their jobs, and share best practices to respond.
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