From gtlaw.com.au: Global trends indicate a significant increase in AI investment and enterprise deployment, with a notable emphasis on generative AI and specialized industry applications.… read more
From www.bleepingcomputer.com: OpenAI has introduced three new reasoning models for ChatGPT subscribers: o3, o4-mini, and o4-mini-high, each with specific usage limits.
Under the Plus plan, users receive up to 50 messages per week for the o3 model, 150 messages daily for o4-mini, and 50 messages daily for o4-mini-high, while the Pro plan offers near unlimited access with some restrictions.… read more
From gtlaw.com.au: Global trends show significant growth in AI investment, with a pronounced focus on generative AI and specialized industry applications.
Enterprises are increasingly adopting AI, impacting productivity, labour markets, and global competition for AI talent.… read more
From financialnewswire.com.au: A Chartered Accountants Worldwide report has found a strong interest among accountants to adopt artificial intelligence, with over 83% of younger accountants using AI tools regularly, primarily for productivity and data management.… read more
From insightfulaccountant.com: (Podcast, US context) A discussion of how CPAs can leverage automation and digital transformation to enhance efficiency and grow their firms.
Driving technological change and the importance of adopting modern tools and platforms.… read more
From www.bleepingcomputer.com: ChatGPT 4.1 has been released and shows significant improvements over its predecessor, GPT-4o, particularly in coding capabilities.
However, it does not surpass Google Gemini models in performance and cost-effectiveness, as Gemini 2.0 Flash outperforms GPT-4.1 with a lower error rate and much cheaper operational cost.… read more
From gtlaw.com.au: AI advancements in 2024 showcase a decrease in notable models and an improvement in performance, narrowing the gap between open and closed systems.… read more
From www.accountingtoday.com: Automation and AI can significantly enhance efficiency in accounting firms, but many leaders struggle to quantify their value.
By understanding the monetary worth of time within the firm, leaders can assess the return on investment when adopting automation solutions.… read more
From www.accountingtoday.com: Artificial intelligence is transforming accounting practices by automating routine tasks, enhancing data interpretation, and improving client services across tax, audit, and practice management functions.… read more
From www.blakeoliver.com: The IRS’s slow response times and outdated systems were highlighted when a fix to a website login issue, initially estimated to take 103 days, was completed in just 71 minutes by the organization DOGE.… read more
From www.accountantsdaily.com.au: Xero has launched ‘Tap to Pay’ on iPhone, allowing small businesses to accept various contactless payment methods, including credit and debit cards and digital wallets, using just the Xero Accounting app.… read more
From www.bleepingcomputer.com: Google is addressing a longstanding privacy issue in Chrome, where websites could determine users’ browsing history through the styling of previously visited links.… read more
From www.icaew.com: (UK context) Bench Accounting, a Canadian cloud accounting software provider, narrowly avoided bankruptcy at the end of 2024 after its shutdown alarmed thousands of North American SMEs reliant on its services.… read more
From www.pwc.com.au: The exponential growth of AI has transformed workforce management, offering tax professionals innovative tools to improve compliance efficiency, particularly in preparing FBT returns.… read more