
Plan for AI to handle tax-return preparation
Millions of Americans are sweating over one of the most intrusive processes known to mankind. The IRS is in high gear as it prepares to process tax returns.
BALTIMORE, MD, April 1, 2025 – Can we really trust AI to make better decisions than humans? A new study says … not always. Researchers have discovered that OpenAI’s ChatGPT, one of the most advanced and popular AI models, makes the same kinds of decision-making mistakes as humans in some situations – showing biases like overconfidence of hot-hand (gambler’s) fallacy – yet acting inhuman in others (e.g., not suffering from base-rate neglect or sunk cost fallacies).
You are swimming in an ocean of data and don’t even realize it. All around you are invisible amounts of data that would be staggering to try to comprehend. Thousands of smartphones and smart devices are talking to, sending and downloading vast amounts of data, video, audio, words, numbers, images, you name it. Everything from the latest movie on Netflix to someone’s radiology results from a cancer screening.
Mom-and-pop businesses are trying to adapt to the soaring cost of eggs. The owners of four egg-centric restaurants across the country show how they are coping with this threat to their livelihoods.
An audio journey of how data and analytics save lives, save money and solve problems.
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Millions of Americans are sweating over one of the most intrusive processes known to mankind. The IRS is in high gear as it prepares to process tax returns.
Avian influenza has been detected among chickens in Texas and Michigan, following news of the virus infecting livestock and then a person for the first time in the US and potentially leading to supply chain issues.
Using my face as my boarding pass to get on a flight to Oaxaca, Mexico and then as my passport to get back in the US got me thinking about how facial recognition has permeated the travel experience. To help us understand where this is going, we talk with two travel industry experts, Dr. Sheldon Jacobson and Henry Harteveldt.
In the early morning of March 26, Baltimore's Francis Scott Key Bridge collapsed when a container ship struck it, killing six construction workers and severing water access to most terminals within the Port of Baltimore indefinitely. With respect to economic losses from the port closure, the temporary losses for the region look to be severe. However, there are several reasons to be optimistic about the port's recovery and a minimal long-term loss for the region and the nation.
With the tax deadline approaching, many people are resorting to AI-powered Large language models (LLM) to file their returns, per a new survey by CardRates.com. Nearly 1 in 5 Americans would trust ChatGPT, the AI Chatbot by OpenAI, to review taxes with 14% of the respondents saying that they have used it already, the survey said.
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