AI in Tax Prep: Revolution or Risk? IRS, TurboTax, H&R Block Navigate New Terrain
AI is revolutionizing tax preparation, offering efficiency and accuracy. Yet, it faces challenges like bias and reliability concerns.
BALTIMORE, MD, January 17, 2025 – INFORMS, the world’s largest association for professionals and students in operations research (O.R.), AI, analytics and data science, has unveiled six finalists for the prestigious 2025 Franz Edelman Award for achievement in advanced analytics, operations research and management science. Recognized as the pinnacle of achievement in the application of analytics and operations research, the award, often referred to as “The Nobel Prize” of O.R. and advanced analytics, celebrates groundbreaking research and innovations that are transforming industries, improving lives and shaping a smarter, more sustainable future.
Cutting-edge chips, especially those designed to power emerging AI applications, tend to receive the most attention in the media and generate the most excitement. However, so-called “legacy” chips are just as important — if not more — to our daily lives.
January is National Blood Donor Month and, not coincidentally, a time when donations tend to ebb. Every two seconds, someone in the U.S. needs blood for serious injuries, childbirth, cancer treatments and more, according to the Department of Health and Human Services.
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AI is revolutionizing tax preparation, offering efficiency and accuracy. Yet, it faces challenges like bias and reliability concerns.
Generative artificial intelligence – the use of computers to generate words, images, voice and videos indistinguishable from human-created content – is transforming every industry. Technology advances and new use cases appear daily with no slowdown in sight as gen AI is estimated to add $30 trillion annually to the world economy by 2030. Much of the impact is positive, including the ability to quickly synthesize massive quantities of data and text, freeing humans to spend their time on more creative tasks where we still excel. But there are also serious risks that must be mitigated.
Maryland mayor Brandon Scott (pictured below yesterday) said that the recovery operation to find the six missing workers in the Patapsco River was 'even more' dangerous today due to the weather.
The collapse of the Francis Scott Key Bridge in Baltimore on Tuesday cut off access to much of the city’s port — causing a suspension of vessel traffic that will disrupt a key trade lane and threaten to further tangle already-stressed supply chains.
OR/MS Today is the INFORMS member magazine that shares the latest research and best practices in operations research, analytics and the management sciences.
Access OR/MS Today MagazineAnalytics magazine showcases articles and research reports based on big data, AI, machine learning, data analytics and other new-age technologies.
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