Bharath Kadaba, Chief Innovation Officer at Intuit, discusses the company's use of Amazon Web Service for the implementation of it artificial intelligence and machine learning products. He also discusses how the software company aimed at small businesses will handle tax reform should there be a rewrite of the tax code.
Kadaba discusses leveraging AWS infrastructure as the technology within its products, including TurboTax, Quickbooks and Mint, continues to grow. Recently, Intuit launched Quickbooks Assistant, which makes use of A.I. so that companies can more easily automate financial payments.
Kadaba notes that, as the U.S. government readies a rewrite of the tax code, the company is also planning a revamp of its software to change programs like TurboTax, if necessary.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company announced on Wednesday.
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.
