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KPMG partners with Blue J for cutting-edge AI tax tool

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Summary of KPMG and Blue J AI Tax Tool

TLDR:

– KPMG and Blue J have launched a new AI tax tool called Ask Blue J
– The tool will revolutionize tax research and allow KPMG to predict tax outcomes quickly

Key Elements:

KPMG and Blue J have announced the launch of Ask Blue J, a new generative AI powered product that will answer challenging tax research questions in seconds. KPMG will have exclusive access to the tool for the first three years, allowing them to predict tax scenarios with over 90% accuracy. The tool is designed to reduce time spent on administrative aspects of tax cases, enabling tax experts to focus on advising clients on more complicated and urgent issues.

Ask Blue J uses OpenAI’s GPT models, fine-tuned for tax, and accesses Blue J’s curated database of current tax content. This advanced AI tool will not just predict tax outcomes but also allow for detailed tax-related questions to be asked, enhancing the overall tax advisory services provided by KPMG.

Stuart Tait, Partner and Chief Technology Officer at KPMG UK, expressed excitement about the adoption of generative AI in the tax profession, highlighting the potential for a seismic change. Benjamin Alarie, CEO of Blue J, stressed the collaborative effort between the two companies to leverage advanced technology for the benefit of clients, leading to increased efficiency and enhanced client value in tax advisory services.


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