Latest news with #SamTaylor
Business Insider
26-05-2025
- Business
- Business Insider
3 money questions experts say you should never ask AI — and 3 you should
AI struggles with certain math questions, so asking it to calculate your taxes might go poorly. AI can help you with budgeting and financial habits; for more complex questions, ask a human expert. Rather than asking AI how to invest for retirement, use it to assess how on track you are now. Haven't yet tapped into the power of artificial intelligence? Then it might be time to get on board. 71% of businesses regularly use AI for at least one function of their business, up from 65% just last year. With AI being used for everything from customer service to diagnosing medical issues, traffic management, self-driving cars, and even fraud detection, it makes sense that the financial industry is getting on board. But sometimes, it makes sense to consult a real, live person rather than AI when dealing with your finances. Here are three questions you should never ask AI, plus a few you should. Don't ask: What are my estimated tax payments this year? When working with AI, keeping it general is key, said LJ Suzuki, President of CFOshare, a company that uses Read AI to outsource finance departments for growing small businesses. "It's OK to ask AI, 'How do estimated income taxes work for S-corporations?' but you should not ask AI, 'Please calculate my estimated income tax payments for the next year,'" he explained. It's most useful for providing generalized feedback, he said. "AI is great for providing broad and general advice to someone who knows nothing about a topic. If you're unsure how to estimate your income tax payments, AI can give you a great overview of the concept." Where it falls short, ironically, are logical operations, such as math. "Lots of people are confused by this since traditional computers are excellent at logical operations (better than humans)," he explained. "AI is different — it thinks more intuitively, which means it makes logical errors." Don't ask: How should I invest my money? Focus on personal questions that delve into your habits. "'Where did all my money go this month?', 'How much am I actually spending on takeout?' These honest, habit-focused questions are where AI shines," said Sam Taylor, VP of technology at Cleo, an AI financial assistant. He noted that it's best to avoid personalized guidance on investments, loans, and other major financial decisions as of now. (For those questions, consider hiring a financial advisor.) "There will come a day when AI can give you personalized guidance in the way of investments, loans, and more," Taylor said. "But, for now, focus on principles like how to start saving, building a budget, and where you can better your financial habits." Don't ask: What can I do to reach my retirement goals? Instead ask: Am I on track for my target retirement date? Determining whether someone is on track for their target retirement date is one area in which AI shines. Joseph Patrick Roop, financial advisor and host of the 'Retire(meant) for Living' podcast, asked an AI assistant that question, telling it, "'I'm 52 years old, have $500,000 in my 401(k), $63,000 saved in a brokerage account.' "It really did a great job laying out my target retirement date, what I have saved, including any Social Security or pensions." But it was missing that human element. "As a financial advisor looking at this, there are some other ways we could help this client get to their desired income by utilizing some other tools that it didn't bring up," said Roop. "From a very novice standpoint, if you're not a financial advisor and want to know where you stand, I thought the answers were very good." Remember, AI is still evolving Regardless of how sophisticated AI may seem, it can't replace a human just yet, especially when it comes to finances. "AI is still not capable enough to replace a financial strategist," Suzuki explained. But if you're looking for general advice on financial best practices, AI can help. "AI is great at generating ideas and financial best practices," Suzuki said. "For example, if you are having trouble collecting payment from customers, you can ask, 'List the best practices in collecting payments in B2B sales.' I guarantee you'll find some useful ideas you'd never previously considered."
Yahoo
17-05-2025
- Yahoo
Fallen Heroes Memorial 5K draws hundreds in support
LAKELAND, Fla. (WFLA) — Around 800 people came out early Saturday morning to support officers killed in the line of duty. The Lakeland Police Foundation hosted its 9th annual Fallen Heroes Memorial 5K at the Three Parks Trail. Everyone who crossed the finish line raised support for local law enforcement, honored the officers killed in the line of duty, and raised funds for the Lakeland Police Foundation. 'Remembering the officers who have given their lives and paid the ultimate sacrifice is what this is all about,' said Lakeland Police Chief Sam Taylor. The Lakeland Police Foundation hosts this event to remember their own killed and to raise funds to help support officers and their families during times of hardship. 'The Lakeland Police Foundation started this race 9 years ago as a way to honor the 7 men who died in the line of duty for our agency, the Lakeland Police Department, but since that time, it has become so much more,' said Assistant Chief Steven Pacheco. 'It's become a community event that we could honor other law enforcement officers who also died, and also, our military members who died serving this country.' Some runners wrote down the names of Lakeland police officers who have been killed. 'Officer Crispin, who lost his life taking care of each and every one of us out here, so this is the least that we can do to pay back him and his family,' said Linda Martinez. Other runners ran for officers killed in the line of duty in other states. 'His name is Nick O'Rear. I didn't quite know him personally, but I know his kids really well and I know how much they loved him and were devastated when he was lost,' said Adam Smith, who ran for an officer killed in Alabama. Many who showed up to the event were proud to see the support for the men and women in blue. 'I do a desk job, right, and what they do is they risk their lives every single day for me and to keep us safe, so that's what brought me out here today,' said Donna Hughes, a runner. 'I've been doing this for 35 years, and this kind of feeds your soul when you come out and understand that the majority of people do like the police and they do support what we do,' Chief Taylor said. Runners of all ages took steps to honor, remember, and let the memories of those killed live on. Organizers said they're going to continue doing this event and that this is the largest community event that they have. To learn more about the Lakeland Police Foundation and the memorial race, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Straits Times
26-04-2025
- Entertainment
- Straits Times
Book Review: Laurent Binet's historical mystery Perspectives plays with Renaissance art and artists
Perspectives By Laurent Binet, translated by Sam Taylor Fiction/Harvill Secker/Paperback/264 pages/$32.19 Join ST's Telegram channel and get the latest breaking news delivered to you.
