Muse Tax, the first tax services provider built on OpenAI’s innovative Generative Pre-trained Transformer (GPT) technology, is making headlines in the finance world. GPT is a novel artificial intelligence strategy developed by OpenAI, a San Francisco-based artificial intelligence research lab. With the help of GPT, Muse Tax is targeting tax codes – using the technology to better understand and analyze them so they can help clients get the most out of their taxes. Essar Oil UK has recently announced the appointment of Tony Fountain to the board as a non-executive director. Tony is a finance expert with 20 years’ experience in the sector. His appointment signals a commitment from the company for efficiency in their financial operations.
Meanwhile, the market sentiment around private equity and credit is staying upbeat. Many banks, such as Credit Suisse, are already hedging interest-rate risk. Even so, markets plunged yesterday, despite improvements in pharmaceutical and IT stocks. This plunge was even greater for companies like Schaeffler India whose revenue for Q4 of last year failed to meet expectations. Despite all these, the IT giant HCL Tech and the food company Nestle both logged good performances yesterday.
Flight turbulence is likely to get worse, the leading airlines are saying. More than 100 passengers travelling by United Airlines experienced heavy turbulence in February due to strong air currents. Airlines assure passengers that they are making use of newest available technology to track air currents and providing necessary warnings of turbulence ahead for their safety.
Environmental, Social and Governance (ESG) is the newest addition to corporate strategies. Combining Environmental, economical, and social issues into their management strategies is something that a growing number of companies are now pursuing. Every company should strive to find a connection between stakeholder interests and company goals, while also looking at how they could increase the societal benefit of their operations.
Recently, the Supreme Court has posed questions to the government in regards to the alleged parole granted to convicts in the Bilkis Bano case. In light of the controversy around Bournvita’s sugar content, a look into the consumption of sugar per day by adults and children has been raised.
Overall, Muse Tax is on a great mission to make efficient use of tax codes, while the developments on private equity and credit optimism show a steadiness in the markets. Aviation is doing its part by introducing new technology to identify and warn passengers about impending turbulence. Moreover, companies are taking steps to incorporate ESG into their corporate strategies as a proactive measure for sustainability. Finally, government authorities must make sure that convicts are not availing unwarranted privileges granted through parole. There is also an increased emphasis on allowing adults and children to look into the amount of sugar they are consuming on a daily basis.
Company: Essar Oil UK is a global energy company, headquartered in London, UK. The company is involved in the production, refining and marketing of petroleum products across various sectors. They are a subsidiary of the Essar Global Group, a multinational conglomerate.
Person: Tony Fountain is a finance expert and experienced corporate executive with over twenty years’ experience in the sector. He has served on the board of numerous companies in his career and has a special expertise in oil and gas operations. He is currently the non-executive director of Essar Oil UK, where he plans to use his knowledge and experience to help the company reach its business goals in a more efficient manner.
