Don't use AI for tax advice

AI for tax advice, Musk sues OpenAI, Madonna AI, Claude 3 vs GPT-4, LPU vs GPU, and more

Mornin’ everyone. Welcome to Daily Zaps, your regularly-scheduled dose of AI news ⚡️ 

Here’s what we got for ya today:

  • 🤺 OpenAI responds to Musk accusations

  • 💸 Don't use AI for tax advice

  • 🥇 Claude 3 claims to be better than GPT-4

  • ⚽️ Using AI to combat sports cheaters

Let’s get right into it!


Musk sues OpenAI, OpenAI responds with receipts!

Elon Musk, an early investor and once an integral part of OpenAI's establishment, argues that the company breached an agreement by transitioning into a profit-driven entity and fostering a close partnership with Microsoft, contrary to the founders' intentions of developing AI technology for public benefit and maintaining open access to its code.

OpenAI responds to lawsuit with blog post detailing emails between OpenAI and Musk. It seems like, Musk supported the non-profit with funding and suggestions for a larger financial commitment. However, disagreements on transitioning OpenAI to a for-profit model and Musk's desire for control led to his departure.


AI gives bad tax advice

This year, TurboTax and H&R Block introduced artificial intelligence (AI) to their tax-preparation software, offering AI chatbots to assist users with tax-related questions. However, the technology has proven unreliable, often providing misleading, inaccurate, or irrelevant responses to even slightly complex tax queries, potentially leading to confusion or audit risks. Despite these companies labeling their chatbots as works in progress, the AI's integration has raised concerns about the reliance on experimental tech for critical financial tasks.

Testing by a journalist with professional tax advisors revealed significant shortcomings in the AI's capabilities, prompting revisions by Intuit (TurboTax's maker) that still did not fully address the issues. H&R Block's AI exhibited similar problems, giving incorrect advice on matters like filing status and IRS guidance on cryptocurrency. This scenario underscores the importance of skepticism towards generative AI in high-stakes applications and highlights the companies' attempts to balance innovation with accuracy and reliability.

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Claude 3 vs GPT-4

Anthropic recently released Claude 3, a new set of AI language models that are making waves for their impressive capabilities, particularly when compared to OpenAI's ChatGPT. This release includes three versions: Claude 3 Haiku, Sonnet, and Opus, with Opus being the most advanced and subscription-based. Among these, Claude 3 stands out for its remarkable performance across various tasks, such as understanding complex language and solving problems, with the Opus model being highlighted for its near-human levels of performance on certain tasks.

What's really catching people's attention is how Claude 3's Opus model has outperformed OpenAI's GPT-4 in multiple benchmarks, showcasing its advanced abilities in areas ranging from basic math to coding challenges.


Using AI to combat sports cheaters

The use of artificial intelligence (AI) in combatting match fixing in sports has significantly increased, with AI playing a role in identifying suspicious activities in over 70% of flagged sports events in 2023, a notable rise from previous years.

The integration of AI in Sportradar's fraud detection systems since 2018, and its analysis of over 30 billion real-time odds changes and consumer betting activity, represents a pivotal shift towards utilizing advanced technology to safeguard sports integrity. Despite the prevalence of match fixing remaining relatively low, it continues to be a significant concern for professional leagues and governing bodies worldwide, with efforts to curb such activities bolstered by AI advancements and resulting in numerous sporting and criminal sanctions.

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