🕵️‍♂️IRS to Use AI to Catch Tax Evasion After $10 Billion Boost

💻Hello there, AI enthusiasts! 🤖 Explore the fascinating realm of artificial intelligence. Join us as we dive into cutting-edge advancements in the ever-evolving landscape of AI-driven innovation with a helping of humor 🤣 and creativity 🎨.

📰WHAT’S NEW!

🕵️‍♂️IRS to Use AI to Catch Tax Evasion After $10 Billion Boost

• The IRS will use AI to detect tax violations by high-income earners and large business partnerships. They are prioritizing cases involving taxpayers with incomes above $1 million but tax debts of more than $250,000.

• The new effort is part of the Biden administration's effort to increase revenue by billions of dollars over the next decade through new tax compliance measures.

• Republicans have criticized the new funding, arguing that it will be used to harass small businesses and average taxpayers. Treasury Secretary Janet Yellen has directed the IRS to avoid using any new funding to increase audits on small business or households earning $400,000 per year or less.

🎥Google Aims to Combat AI-Generated Misinformation in Political Ads

• Google will soon require political ads on its platforms to disclose when images and audio have been created using AI. Google's existing ad policies already ban manipulating digital media to deceive or mislead people, but this new policy will specifically target AI-generated content.

• The change is scheduled for November, about a year ahead of the next US presidential election. This new policy is designed to combat the spread of disinformation and misinformation in political campaigns.

• Google is also investing in technology to detect and remove AI-generated content from its platforms.

🏫UNESCO Releases Guidance on Ethical Use of Generative AI in Education

• UNESCO has released guidance on how to ensure the ethical use of generative AI in education, including mandating the protection of data privacy and considering an age limit of 13 for their use in the classroom.

• Generative AI has the potential to be a tremendous opportunity for human development, but it also poses risks of harm and prejudice. The guidance also stresses the need for educational institutions to validate AI systems for student use.

• UNESCO's guidance is the first attempt to create a global standard for the ethical use of generative AI in education.

💻Nvidia's AI Partnerships with Reliance, Tata Signal Growing Focus on India

• US chipmaker Nvidia has announced AI partnerships with Indian conglomerates Reliance Industries and Tata Group. Nvidia will provide the computing power required for building a cloud AI infrastructure platform for Reliance.

• Tata Consultancy Services (TCS) will use the partnership to build and process generative AI apps and a supercomputer. The partnership will also help TCS upscale its 600,000-strong workforce.

• The deals come as Nvidia faces roadblocks in certain chip exports to China and other countries due to US restrictions.

🛠️AI Tools of the Week

 🛒 CopyMonkey - AI-powered Amazon Listing Optimization Expert

• CopyMonkey automatically generates and optimizes Amazon listings in seconds.

• The AI analyzes what works for your competitors and uses best practices to improve your own listings!

🖥Flair AI - Design realistic product photos

• Design platform that uses artificial intelligence to create high-quality product photos without the need for a physical photoshoot.

• Faster, more cost-effective, and efficient that traditional photography. Create multiple product photos quickly and easily.

👩‍💻 Scale AI - Leverage your enterprise data and build LLMs

• Data labeling and training services for artificial intelligence models. Helps businesses create and manage high-quality datasets that can be used to train AI models.

• Breaks down the data labeling process into smaller, more manageable tasks. This makes it easier for businesses to create and manage datasets.

🎨AI Art Corner

Check out this Pink Floyd AI generated music video from Deforum AI, shared by Hueman Instrumentality on Youtube!

🤣AI Joke of the Day

Why did the programmers act so nice to the AI?

Because it was really self conscious. 🥁💻🤣

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Start AI Team 😁