A powerful House committee has inserted language preventing states from regulating artificial intelligence into President Trump's massive tax and spending bill.

The findings come after a net loss of $31.7 million for the first quarter, which ended with cash, cash equivalents and short-term investments of $759 million.

Artificial intelligence has led tech-forward firms to be more efficient and productive, but firms have found it still struggles with precision and accuracy.

Plus, EY announces Integrated Finance Managed Service; Ignition debuts AutoCollect solution; and other accounting tech news and updates.

It remains unclear why the companies struck the deal without an IRS purchase, but Carahsoft previously said it stands by the cybersecurity tech transaction.

Tech-forward CPA firms reported a variety of areas in need of a tech upgrade, especially practice management systems and tech infrastructure.

Tech-forward accounting firms have devoted considerable time and resources toward improving client onboarding, cybersecurity and AI tools.

The AP solutions provider has agreed to be acquired by an asset management firm and payment solutions provider, after which it will go private.

The growing capabilities of artificial intelligence mean the profession can't afford to be complacent, one expert says.