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What are your chances of being audited now that the IRS is using AI? Jury is still out – CNN
Just looking at the raw numbers, less than 1% of filers have been audited by the IRS in recent tax years. Based on the latest data available, for example, in tax year 2021 the IRS pursued a mere 0.3% of filers overall. The audit rate has been higher for select groups of taxpayers based on…
How startup Propy is deploying $100 million to put real estate deals on the blockchain – CNBC
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Anyone…
OpenAI needs to raise at least $207bn by 2030 so it can continue to lose money, HSBC estimates – Financial Times
© Sarah Klockars-Clauser via Wikimedia Commons OpenAI is a money pit with a website on top. That much we know already, but since OpenAI is a private company, there’s a lot of guesswork required when estimating the depth of the pit. HSBC’s US software and services team has today updated its OpenAI model to include…
Anthropic’s most powerful AI model just exposed a crisis in corporate governance. Here’s the framework every CEO needs. – Fortune
Jeffrey Sonnenfeld is Lester Crown Professor of Leadership Practice at the Yale School of Management and founder of the Yale Chief Executive Leadership Institute. A leadership and governance scholar, he created the world’s first school for incumbent CEOs and he has advised five U.S. presidents across political parties. His latest book, Trump’s Ten Commandments, will be published…
McDonald’s is about to report earnings. Here’s what to expect – CNBC
In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT People walk by a McDonald’s restaurant on March 11, 2026 in Las Vegas, Nevada. Kevin Carter | Getty Images McDonald’s on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, as diners spend more at its U.S. restaurants even in what CEO Chris Kempczinski…
JPMorgan questioned Tricolor’s accounting a year before its collapse – Financial Times
Cars sit in the lot of a Tricolor dealership in Houston, Texas © Mark Felix/Bloomberg JPMorgan Chase was aware for more than a year of “serious material weaknesses in accounting practices” at Tricolor Holdings, the Texas-based subprime auto lender and retailer that collapsed in September, according to a civil lawsuit from its bankruptcy trustee. According…
