MSFT - AI Can Help Do Your Taxes: How H&R Block Utilizes Microsoft's Azure OpenAI For Customers | Benzinga
The 2023 year continues to see increased use cases and rising interest in artificial intelligence (AI).
Among the new use cases for AI could be helping with the annual burden of filing taxes.
What Happened: More companies are looking for ways to utilize AI to help with operations. Leading tax preparer H&R Block Inc (NYSE:HRB) is one of those companies.
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The Kansas City, Missouri-based firm announced the launch of H&R Block AI Assist. The generative AI experience can help individuals, self-employed filers and small business owners with tax preparation.
The company is using AI technology from Microsoft Corporation's (NASDAQ:MSFT) Azure OpenAI to help streamline the tax preparation process.
H&R Block said it is the only company in the tax industry to be selected by Microsoft to participate in its "AI 100" to offer solutions using Azure OpenAI Service.
The ...