Bloomberg Tax & Accounting has announced a significant upgrade to its AI capabilities, unveiling advanced features for its AI Assistant. This innovative chat-based research tool is designed to streamline and speed up tax and accounting research, making the process more efficient and user-friendly.
The updated AI Assistant now features expanded capabilities, including iterative conversational research, chat history storage, jurisdictional filtering, and a chart builder for cross-jurisdictional tax comparisons. These enhancements enable users to efficiently answer queries, gain accurate insights, and manage jurisdiction-specific information while maintaining a seamless workflow.
“These enhancements to the Bloomberg Tax & Accounting AI-powered features demonstrate our commitment to innovation and to solving the most complex tax research challenges,” said Bobby Puglia, Chief Product Officer at Bloomberg Industry Group. “Thanks to direct customer feedback, we’ve improved the accuracy and reliability of our AI Assistant. These updates mark a significant step forward in providing valuable, actionable insights to tax professionals while scaling our platform to address increasingly complex research needs.”
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Key advancements in the AI Assistant include integration with Bloomberg Tax news pages and articles, enabling users to interact with news articles to extract tax-related implications or track emerging developments without disrupting their workflow. The AI Assistant draws from an unmatched breadth of content including Bloomberg Tax Portfolios, giving tax professionals confidence that they’re not missing critical information. Additionally, users can now access the AI Assistant across the entire Bloomberg Tax platform.
The AI Assistant remains available at no additional cost to Bloomberg Tax subscribers and was developed in Bloomberg Tax’s Innovation Studio, an experimental development environment that integrates user feedback to refine and optimize features. The introduction of jurisdiction filtering and cross-jurisdictional comparisons provides critical support for professionals navigating complex compliance landscapes in different states or court systems.
Bloomberg Tax & Accounting’s expanded AI capabilities further its mission of delivering reliable, efficient, and cutting-edge solutions to its clients. Additional updates and features are planned to continue scaling the platform’s usability and value.
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