Tag: Tax

. This article examines the performance of OpenAI's ChatGPT product in an accounting exam. The results showed that ChatGPT performed impressively, scoring an overall average of 47.4%, although students outperformed it with an average of 76.7%. It had difficulty with short-answer questions, and specifically with tax, financial, and managerial accounting tasks, which could be attributed to its difficulty with mathematical processes. A research team of 327 from 186 universities in 14 countries conducted the study. This groundbreaking breakthrough has the potential to revolutionize teaching and learning in academia.

. At Muse Tax, explore the innovative Generative Pre-trained Transformer (GPT) technology that makes tax filing easier and more efficient. With the help of GPT, the tax services provider succeeds in analyzing tax codes to ensure clients get the most out of their taxes. Adding to this, Essar Oil UK's recent appointment of veteran Tony Fountain on its board as a non-executive director is indicative of its valuable financial operations. Elsewhere, the market sentiment remains upbeat, stocks rose but companies like Schaeffler India faced failure. Taking safety seriously, airlines have implemented advanced technology to track air currents and enable warnings ahead of turbulence. Lastly, corporate ESG strategies provide companies a way to connect with stakeholders and contribute to the larger societal benefit.