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AI & Enterprise

AI upends consulting revenue model as outcome-based fees gain ground

Generative AI is changing how consultants work and putting long-standing billing systems under pressure, with clients increasingly demanding lower costs as working hours fall. As a result, outcome-based pricing is drawing attention as an alternative to hourly billing and fixed fees. Under this model, clients pay a base fee and tie the remaining compensation to agreed targets such as cost savings and profit improvements, though the approach carries risks.

AI & Enterprise

SolomonLabs hires Stripe alumnus Lee Changheon to develop U.S. tax planning AI agent

AI-based tax automation company SolomonLabs said on Wednesday it has hired Lee Changheon, a former project lead at global payments platform Stripe, to launch an AI agent that builds tax-saving strategies. Lee previously built financial infrastructure for regulated industries at Stripe and later developed a factory yield improvement system at Boston Consulting Group combining machine learning and AI agents. SolomonLabs plans to launch Solomon Tax Planning AI in the fourth quarter.

Crypto

Changpeng Zhao urges 24-hour trading for tokenised stocks, calls on governments to issue stablecoins

Changpeng Zhao (창펑 자오), founder of Binance, urged governments to move stock markets and currencies onto blockchain networks. He said tokenising shares and issuing stablecoins linked to domestic currencies could reshape the financial system as traditional finance moves on-chain. Zhao said tokenised stocks could allow 24-hour trading, fractional investment and faster settlement. He also argued domestic-currency stablecoins could help preserve monetary sovereignty as digital payments expand.