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congress: tax prep companies shared private data with google, meta for years

former ftc chief says this data breach is a “five-alarm fire.”

by rick richardson
technology this week

a seven-month congressional investigation found that three of the biggest tax preparation firms in the country may have shared americans’ private financial information with google and meta for years in a possible violation of federal law. the information, in some cases, was used for targeted advertising.

more tech this week: the first police officer on the scene might be a drone | electronic skin that can sense touch will transform robotics | chatgpt passes cpa exam on second try | stanford scientists 3d-print heart tissue | four of today’s new technologies that will be tomorrow’s ‘norm’ | cyber insurance costs rise in health care as attacks soar

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the investigation’s findings reveal a “five-alarm fire” for taxpayer privacy that, according to legal experts, could result in public and private lawsuits, criminal penalties or even a “mortal blow” for some major industry players like taxslayer, h&r block and taxact.

“on a scale from one to 10, this is a 15 … this is as great as any privacy breach that i’ve seen other than exploiting kids. this is a five-alarm fire if what we know about this so far is true.”

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pro member exclusive

the first police officer on the scene might be a drone

the robocops can de-escalate situations and save lives.

by rick richardson
technology this week

in the posh seaside town of santa monica, california, when someone dials 911 for police, a drone is instantly launched from the station’s roof.

officers also respond. however, most of the time, the drone arrives first, flying directly to a set of gps coordinates the controller entered. sometimes, it arrives in less than 30 seconds.

more: electronic skin that can sense touch will transform robotics | what an a.i.-powered workforce means for accountants | smartwatch saves two lives | chatgpt unlikely to replace accountants | looking for investments? check out smart home technology | solar sensors detect wildfires early, saving lives, money | the top hotspot router – and why you need it | chatgpt: what it is. why you need to know.
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“it’s a fundamental change in the way that we can bring policing services to our city,” said peter lashley, a veteran of the force who often pilots the drone from a screen-filled command center inside the police station.
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outlook & analysis

electronic skin that can sense touch will transform robotics

robots with touch-sensing capabilities will be able to interact more intuitively and safely.

by rick richardson
technology this week

in a significant leap forward for wearable technology, a team of researchers at stanford university has made remarkable progress in developing electronic skin that possesses the ability to sense touch. this innovation has the potential to revolutionize industries ranging from healthcare to robotics, opening up new possibilities for human-machine interaction and sensory augmentation.

more tech this week: chatgpt passes cpa exam on second try | smartwatch saves two lives | first e-road charges electric vehicles as they drive | stanford scientists 3d-print heart tissue | four of today’s new technologies that will be tomorrow’s ‘norm’ | cyber insurance costs rise in health care as attacks soar | phishing attack hackers have a new trick
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the electronic skin, known as e-skin, mimics the sensory capabilities of human skin by integrating pressure sensors, stretchable circuitry, and a sophisticated neural network. the team accomplished this feat by combining advanced materials, flexible electronics, and machine learning algorithms. the result is a thin, flexible, and highly sensitive e-skin that can accurately perceive and respond to different levels of pressure and touch.

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innovation & change management

what an a.i.-powered workforce means for accountants

ready or not, ai is here to stay.

by rick richardson
technology this week

the complicated relationship that humanity has had with its technological creations throughout time has shaped many executives’ views on adapting to change and remaining in demand in any industry or profession. the various cycles of emerging technology always enlighten, frighten and inspire the masses until we adjust and change our mindsets to embrace the disruption.

more: chatgpt passes cpa exam on second try | smartwatch saves two lives | chatgpt unlikely to replace accountants | looking for investments? check out smart home technology | solar sensors detect wildfires early, saving lives, money
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even though it has been present for decades, artificial intelligence (ai) is currently promoted as the dramatic change that threatens to upend our society. people are terrified as they try to imagine how it will change the way they live their lives, how they view their employment and what the future of their professions might bring. read more →

outlook & analysis

research: accounting pros cautiously optimistic about generative ai

expert says we must work together to balance the benefits of technology and unintended consequences.

by rick richardson
technology this week

thomson reuters, a global content and technology company, recently released new research on generative ai that gauged the sentiment of professionals across legal, tax, and accounting firms in the united states, the united kingdom, and canada. the research sought to understand better how the technology is perceived and applied within the professional services industry. the report uncovered a mix of optimism and caution in adopting generative ai. 

more tech this week: chatgpt passes cpa exam on second try | smartwatch saves two lives | first e-road charges electric vehicles as they drive | stanford scientists 3d-print heart tissue | four of today’s new technologies that will be tomorrow’s ‘norm’ | cyber insurance costs rise in health care as attacks soar | phishing attack hackers have a new trick
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“generative ai can disrupt and redefine the professional landscape, but it is clear from our findings that there is a trust gap with professionals,” said steve hasker, president and ceo of thomson reuters. “the future of professional work is set to be revolutionized by generative ai, and as an industry, we need to work together to find the right balance between the benefits of technology and any unintended consequences. we believe this will help our customers first to trust the transformative power of generative ai and then harness the opportunity to shape the future of their professions.”

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pro member exclusive

bluetooth getting its biggest update in years

wireless is working toward more wonderful.

by rick richardson
technology this week

listen up if you want your headphones and speakers to produce better sound: bluetooth bandwidth will double within the next few years, according to the bluetooth special interest group (sig).

more: chatgpt passes cpa exam on second try | smartwatch saves two lives | chatgpt unlikely to replace accountants | looking for investments? check out smart home technology | solar sensors detect wildfires early, saving lives, money
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in a briefing held via vimeo, the sig stated it intends to increase the wireless transmission protocol’s current capacity from about “4mbps to 6mbps – maybe up to 8mbps” and would begin investigating the 6ghz frequency range to enable speedier transmission.
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news

chatgpt passes cpa exam on second try

its average score was 85.1.

by rick richardson
technology this week

an improved and better-trained version of chatgpt took a simulated cpa test after an earlier failure and passed, similar to the roughly half of human applicants who fail on their first attempt. but does this trial suggest that chatgpt will soon compete for accounting positions?

more: smartwatch saves two lives | first e-road charges electric vehicles as they drive | stanford scientists 3d-print heart tissue | chatgpt unlikely to replace accountants | cancer vaccine available by 2030? | four of today’s new technologies that will be tomorrow’s ‘norm’ | chatgpt spurs competition in different ways | chatgpt: what it is. why you need to know.
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“this calls into question the ‘competitive advantage’ of the human accountant relative to the machine. to our knowledge, for the first time, ai has performed as well as most human accountants on a real-world accounting task. this raises important questions of how machines and accountants will work together in the future,” the study’s authors said.
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pro member exclusive

smartwatch saves two lives

a watch that can detect trauma could get er help asap.

by rick richardson
technology this week

the health functions of the apple watch are in the news again and are said to have saved at least two lives – one in minnesota and one in ohio. the feature taking the spotlight was fall detection.

more: first e-road charges electric vehicles as they drive | stanford scientists 3d-print heart tissue | four of today’s new technologies that will be tomorrow’s ‘norm’ | cyber insurance costs rise in health care as attacks soar | phishing attack hackers have a new trick
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apple watch user michael brodkorb was struck by a car in minnesota before it fled the scene. when he could not react, his apple watch used fall detection to identify the impact and called 911. “i was just shocked,” he said. “i mean, just the sheer force of what it’s like to get hit by a vehicle.”
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pro member exclusive

first e-road charges electric vehicles as they drive

electrified roads could cut heavy-duty vehicle emissions in one country by 1.2 million tonnes by 2030.

by rick richardson
technology this week

as europe attempts to transition away from fossil fuel, sweden is working on the first permanent electric road in the world, which will allow electric cars and trucks to charge while traveling.

more: stanford scientists 3d-print heart tissue | chatgpt unlikely to replace accountants | looking for investments? check out smart home technology | solar sensors detect wildfires early, saving lives, money | the top hotspot router – and why you need it
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the e20 motorway has been chosen for the project by trafikverket, the swedish transport administration. in particular, it will construct the electric road system (ers) along the 21-kilometer route between hallsberg and rebro, which is part of the route between sweden’s two largest cities, stockholm and gothenburg.

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pro member exclusive

stanford scientists 3d-print heart tissue

will human organ transplants be a thing of the past?

by rick richardson
technology this week

the way we construct homes cars, and even food is changing, thanks to 3d printers. they may alter how transplant patients receive new organs in part because of researchers at stanford university. their innovative method might eventually enable the printing of organs from the patient’s own cells on demand.

more: chatgpt unlikely to replace accountants | cancer vaccine available by 2030? | four of today’s new technologies that will be tomorrow’s ‘norm’ | looking for investments? check out smart home technology | 4 new tech trends to watch | cyber insurance costs rise in health care as attacks soar | solar sensors detect wildfires early, saving lives, money | adobe announces “creator-friendly” generative ai tools | phishing attack hackers have a new trick | the top hotspot router – and why you need it | satellite sos services coming to android users | chatgpt spurs competition in different ways | chatgpt: what it is. why you need to know.
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bioengineers mark skylar-scott and his group have created a method that enables them to 3d-print living heart tissue. one day, they hope to print vital components of the heart, such as valves and ventricles, that would really develop with the patient.
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pro member exclusive

chatgpt unlikely to replace accountants

your job may be safe … for now.

by rick richardson
technology this week

even while there is rising concern about how generative ai can disrupt the world’s labor markets, accountants may be able to sigh with relief, even if only temporarily. recent studies show that my chosen profession may be spared replacement because the chatgpt language model doesn’t do well with math!

more: cancer vaccine available by 2030? | four of today’s new technologies that will be tomorrow’s ‘norm’ | cyber insurance costs rise in health care as attacks soar | phishing attack hackers have a new trick | chatgpt spurs competition in different ways | chatgpt: what it is. why you need to know.
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the fastest-growing and most well-known ai platform to date – chatgpt’s artificial intelligence language model, which excels at behavioral learning, storytelling and other creative tasks – has prompted questions about its potential to enable students to cheat on assignments and exams. however, the bot passed the bar exam with a 90th percentile score, completed 13 out of 15 ap tests, and scored almost perfectly on the graduate record exam (gre).
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pro member exclusive

cancer vaccine available by 2030?

imagine a world without cancer. is it possible?

by rick richardson
technology this week

a ground-breaking group of new vaccines for a variety of illnesses, including cancer, might save millions of lives, according to researchers. a major pharmaceutical company expressed confidence that vaccines for ailments including cancer, cardiovascular and autoimmune diseases, as well as others, will be available by the end of this decade.

more tech this week:  chatgpt: what it is. why you need to know. | russia-linked ransomware back with a vengeance | amazon aws: the mainframe killer? | amazon launching its first internet satellites | russian solarwinds hackers at it again | nasa finds a $10 quintillion asteroid | firms must balance benefits, risks of emerging technology | microsoft and google go to war
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studies into these vaccinations are also “very promising,” according to some researchers, who claim that the covid-19 jab’s success has “unspooled” 15 years’ worth of development in just 12 to 18 months.

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pro member exclusive

four of today’s new technologies that will be tomorrow’s ‘norm’

what startup stock should you add to your portfolio?

by rick richardson
technology this week

twenty years ago, the idea of smartphones and electric automobiles looked like a pipe dream. however, as of today, 86.4 percent of the world’s population, or roughly 6.92 billion people, own their own smartphones.

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further, ev car ownership grows daily. governments all around the world are promoting the use of electric automobiles rather than vehicles with combustible engines to move toward a greener future.

we’re all trying to add to our portfolio that startup stock that will blossom into a blue chip cornerstone of our retirement. here are four exciting innovations that seem poised to become an assumed part of our life in the next two decades.

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