🤖 IRS Deploys AI Models to Identify Tax Schemes

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In today’s AI Report:

• 🏦IRS Deploys AI Models to Identify Tax Schemes

• ⚔️Character AI Challenges ChatGPT

• 🛠5 Trending Tools

• 💰Venture Capital Updates

• 💼Who’s Hiring?

Read Time: 3 minutes

🗞RECENT NEWS

GOVERNMENT

🏦IRS Deploys AI Models to Identify Tax Schemes

The IRS is leveraging AI models to enforce fairness safeguards and identify sophisticated schemes to avoid taxes.

Key Details:

• Prioritization of high-income cases: The IRS will intensify regulating taxpayers with total positive income above $1M with more than $250,000 in recognized tax debt.

• Expansion of AI models trained to examine large partnerships: The IRS is tapping into AI models to inspect the complex structures and tax issues in large partnerships.

• The IRS has uncovered tax discrepancies in 75 partnerships with $10B in assets using AI.

Why It’s Important:

• The U.S. government is prioritizing high-income cases, narrowing focus on partnership issues through compliance letters, and expanding work on digital assets.

CHARACTER AI

⚔️Character AI Challenges ChatGPT

Character.ai, an AI app maker that allows users to design tailored characters, is challenging ChatGPT in mobile app usage.

Key Details:

• Market intelligence firm Similarweb published a recent analysis on Character.ai app usage on iOS and Android platforms. The platform is seeing $4.2M monthly active users in the U.S., compared to $6M monthly active users for ChatGPT’s mobile apps.

• Character.ai launched in May 2023 and topped $1.7M installs in the first week. Installs don’t translate to users. However, the mobile app boasted a 30-day retention period.

• This company has plenty of runway left to continue growing its user base. The mobile app’s massive $150M Series A funding and $1B valuation provide ample capital to continue funding improvements and expansive outreach.

Why It’s Important:

• Character.ai’s web traffic drew 60% of the 18-24 age bracket. In July, only 27% of ChatGPT’s traffic was comprised of younger demographics.

• By capturing a younger audience, Character.ai can achieve greater brand loyalty through valuable long-term performances.

🛠TRENDING TOOLS

🖋QuickPenAI generates unique, high-quality content with 60+ templates optimized for search rankings and Amazon product descriptions.

🏝TripTip provides on-the-go travel recommendations with simple suggestions based on preferences, budget, or location.

📱IMAI is an end-to-end influencer marketing platform for discovering, analyzing, activating, and measuring influencers.

💬HeyBot converts your website, blog, PDF, or YouTube channel into a ChatGPT-powered chatbot in minutes.

🎤Altered enhances your voice with a carefully curated portfolio of professional voice performances.

💰VENTURE CAPITAL UPDATES

• Google.org invests $20M in AI-focused grants for think tanks and academic institutions.

• Mindtrip secures $7M for an AI trip planner.

• DGTAL clinches $3.2M in strategic funding to boost AI-driven insurance tools.

💼WHO’S HIRING?

• Pinterest (Remote): Principal ML Engineer, ML Fairness and Inclusive AI - Advanced Technologies Group

• The Cigna Group (Hybrid): Senior AI Engineer

• Microsoft (Sunnyvale, CA): AI Product Manager

🤖PROMPT OF THE DAY

INTERVIEW PREPARATION

📑Compiling Interview Questions

You are a [Position] interviewer at [Company]. Please share the [Number] most commonly asked questions in [Position] interviews.

Company Details = [Insert Here]

📒FINAL NOTE

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