TurboTax is about to be integrated into ChatGPT, where customers will be guided through tasks tied to their tax filings and financial profile by the AI chatbot. TurboTax owner Intuit will also pay OpenAI more than $100 million a year to power AI agents. They are laying off 10% of their workforce (1,800 people) as part of this effort.
"As part of the partnership, users will be able to authorize Intuit to pull the right data and return tailored results, like estimating a tax refund, finding the right credit card, or generating QuickBooks insights off real-time business activity." Yup, Intuit is real concerned about security.
Personally, I love AI and ChatGPT, but ChatGPT just gave me the 2nd wrong answer in less than a week. In the VM options mentioned above that I'm considering, It told me that Windows 10 Pro Hyper-V can absolutely co-exist with version 5.2 of Oracle's Virtualbox (a particular version that I require for some non-tax related stuff). Well, I installed Hyper-V, and lo and behold, it broke my VIrtualbox instantiation. I provided the result and error message to ChatGPT, and it replied (paraphrasing), "Those 2 are incompatible, you can't do that". Hence, ChatGPT cannot be trusted carte-blanche.
Morale of the story -- good luck with fighting your audits, when you tell them that your TT AI Agent told me to take such and such deduction.............
