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Taxpayers rush to AI for tax help, but experts warn of incomplete answers and costly mistakes

A growing number of Americans are turning to ChatGPT and other AI tools to navigate their tax returns, with usage jumping from 11% to 26% in just one year. But tax professionals caution that these large language models can provide outdated or incomplete guidance, potentially leading to errors that could cost taxpayers money. While AI can help explain complex tax concepts, experts say it's not yet ready to replace human expertise or specialized tax software.

Technology3 sources

Taxpayers rush to AI for tax help, but experts warn of incomplete answers and costly mistakes

Technology3 sources

Ripple Strengthens XRP Ledger with AI Security to Support Payments and Tokenization Growth

Ripple is integrating artificial intelligence into the XRP Ledger development process to identify vulnerabilities before production. The AI-driven security upgrade includes automated code reviews, adversarial testing, and red-team simulations as the network scales for global payments, tokenized assets, and institutional adoption across financial infrastructure.

Technology3 sources

Ripple Strengthens XRP Ledger with AI Security to Support Payments and Tokenization Growth

Technology3 sources

SAP acquires Reltio to strengthen data management and enterprise AI capabilities

SAP is acquiring master data management specialist Reltio to enhance its Business Data Cloud platform. The move aims to help customers unify and cleanse data across SAP and non-SAP systems, addressing a critical challenge as 83 percent of German-speaking SAP users remain unfamiliar with BDC. The deal is expected to close in Q2 or Q3 2026.

Technology4 sources

SAP acquires Reltio to strengthen data management and enterprise AI capabilities

Technology4 sources

Owlcat Games confirms generative AI use in The Expanse: Osiris Reborn despite player backlash

Owlcat Games has confirmed it's using generative AI tools during development of The Expanse: Osiris Reborn, though the studio insists all final in-game assets will be 100 percent human-made. PR manager Katharina Popp says AI is used only for prototyping, placeholders, and vision coordination—not for writing or voice acting. The announcement has reignited debate about AI's role in game development as players express skepticism about the distinction.

Entertainment4 sources

Owlcat Games confirms generative AI use in The Expanse: Osiris Reborn despite player backlash

Entertainment4 sources

Macy's AI chatbot users spend 400% more as retailers race to crack conversational shopping

Macy's rolled out Ask Macy's, an AI-powered shopping assistant built on Google's Gemini platform, revealing that customers using the chatbot spend 4.75 times more than those who don't. The tool offers complete the look suggestions and virtual try-on features, marking the retailer's latest effort to reverse declining sales. With 40% of top US retailers deploying similar AI assistants, the race is on to perfect conversational search experiences.

Technology4 sources

Macy's AI chatbot users spend 400% more as retailers race to crack conversational shopping

Technology4 sources

Major CEOs cite AI transformation as they step down from Walmart, Coca-Cola, and Adobe

Corporate leadership is shifting as AI reshapes succession planning. Coca-Cola CEO James Quincey and former Walmart CEO Douglas McMillon both cited the wave of AI transformation as a factor in their departures, arguing they're not best suited to lead through the coming changes. Adobe's Shantanu Narayen also stepped down amid investor pressure over AI strategy, signaling a new era where boards prioritize leaders capable of driving AI-enabled workflows.

Business7 sources

Major CEOs cite AI transformation as they step down from Walmart, Coca-Cola, and Adobe

Business7 sources

Blossom Health raises $20 million to deploy AI copilot technology across psychiatry practices

New York-based telepsychiatry startup Blossom Health has secured $20 million in combined seed and Series A funding to scale its AI-powered platform that pairs psychiatrists with clinical copilots. The platform automates administrative burdens while assisting with symptom evaluation and diagnosis, addressing a critical workforce shortage affecting over 122 million Americans living in mental health professional shortage areas.

Startups2 sources

Blossom Health raises $20 million to deploy AI copilot technology across psychiatry practices

Startups2 sources

Xero and Anthropic partner to embed Claude AI into small business accounting workflows

Xero, the accounting platform serving 4.6 million subscribers, has partnered with Anthropic in a multi-year deal to embed Claude directly into its product. The integration works both ways: Claude powers Xero's AI assistant JAX for financial workflows, while Xero data flows into Claude.ai for business planning. The move reflects Xero's multi-model AI strategy alongside its existing OpenAI collaboration.

Technology2 sources

Xero and Anthropic partner to embed Claude AI into small business accounting workflows

Technology2 sources

Even G2 smartglasses launch app store and AI meeting prep tool that works like a cheat code

Even Realities unveils its biggest software update for the Even G2 smartglasses, introducing the Even Hub app store with over 60 third-party apps and Prep Notes, an agentic AI feature designed to prepare users for meetings and conversations. The update transforms the $600 glasses into a more capable personal companion with enhanced privacy guardrails.

Technology4 sources

Even G2 smartglasses launch app store and AI meeting prep tool that works like a cheat code

Technology4 sources

Kiran Mani, Former JioStar CEO, Joins OpenAI to Lead Asia-Pacific Expansion from Singapore

OpenAI appoints Kiran Mani as managing director for Asia-Pacific in a newly created role. The former JioStar CEO and ex-Google executive will relocate to Singapore in June, reporting to Chief Strategy Officer Jason Kwon. With over 100 million weekly ChatGPT users in India alone, the appointment signals OpenAI's intensifying focus on a region critical to AI growth and enterprise adoption.

Business2 sources

Kiran Mani, Former JioStar CEO, Joins OpenAI to Lead Asia-Pacific Expansion from Singapore

Business2 sources

Meta launches initiative to support entrepreneurship with AI tools for 250 million small businesses

Meta unveils Meta Small Business, a company-wide initiative focused on driving AI adoption among its 250 million global small business users. Led by Dina Powell McCormick and Naomi Gleit, the program aims to help entrepreneurs leverage AI to build new businesses as Meta pivots toward SMBs amid mounting regulatory pressures and shifts away from its Metaverse division.

Business4 sources

Meta launches initiative to support entrepreneurship with AI tools for 250 million small businesses

Business4 sources

Harvey confirms $11 billion valuation as Sequoia triples down on legal AI startup

Legal tech startup Harvey has raised $200 million at an $11 billion valuation, marking a 3.5x jump in just over a year. The San Francisco-based company, backed by Sequoia and GIC, is deploying AI agents to automate complex legal workflows for over 100,000 lawyers across 1,300 organizations. The funding underscores growing investor appetite for specialized AI application companies beyond large model providers.

Startups6 sources

Harvey confirms $11 billion valuation as Sequoia triples down on legal AI startup

Startups6 sources

Origin raises $30M to solve the $750M blind spot in corporate benefits spending with AI

London-based Origin has raised $30 million in Series A+ funding to expand its AI platform that transforms fragmented employee benefits data into actionable intelligence. Founded by the team behind Darwin, the startup helps multinational companies gain visibility into their second-largest cost after headcount, with one client expecting to save $75 million annually using the platform.

Startups2 sources

Origin raises $30M to solve the $750M blind spot in corporate benefits spending with AI

Startups2 sources

Openreach expands Google Cloud AI partnership to accelerate fibre rollout and cut fleet emissions

Openreach has expanded its collaboration with Google Cloud to deploy AI across its £15 billion fibre broadband infrastructure program and 24,000-van fleet. The BT subsidiary is using Vertex AI to build a digital twin of national infrastructure covering 35 million homes, while BigQuery analytics optimize fleet operations, removing 10,000 tonnes of CO2 annually and cutting engineering overhead by over 50%.

Technology2 sources

Openreach expands Google Cloud AI partnership to accelerate fibre rollout and cut fleet emissions

Technology2 sources

Perplexity AI CEO says workers should embrace AI layoffs as path to entrepreneurship

Perplexity AI CEO Aravind Srinivas ignited debate by suggesting AI-driven job displacement offers a chance for workers to escape unfulfilling careers and launch their own businesses. Speaking on the All-In podcast, he called this shift a "glorious future" worth embracing, even as more than 101,000 AI-linked job losses have occurred in the U.S. since February 2025. Critics say his comments are out of touch with workers struggling to make ends meet.

Business3 sources

Perplexity AI CEO says workers should embrace AI layoffs as path to entrepreneurship

Business3 sources

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