![]() ![]() Visor aims to democratize access to bespoke financial concierge outside the echelons of the very few who can afford to spend thousands of dollars on such a service. This represents a fundamental shift in the economics of how this $17B services industry operates: from one that is transactional and expensive to one that is longstanding and affordable. That same personalized advisor is then available to users for unlimited financial consultation all year round at no additional charge. With minimum involvement from consumers, Visor’s in-house tax professionals take care of tax filing seamlessly. The only problem with a dedicated CPA is that clients are charged hundreds of dollars per hour and often pay over $1,000 to have a single return filed.īy using AI to streamline all of the back-end data gathering and logistical work, Visor is able to offer a dedicated tax advisor to users for a fraction of the cost of a traditional accountant. For that, consumers must turn to a certified public accountant, or CPA, who can bring years of tax training and knowledge to bear. It is true that products like TurboTax make it easier than ever to file your own taxes, these products don’t bring very much intelligence or advice into the process. While economic, the DIY approach requires individuals to feign understanding of America’s less than straightforward tax code. When it comes to filing taxes, there are two general paths: do-it-yourself or professional services. Visor is leveraging AI and data automation to bring affordable, personal financial services to consumers - starting with tax filing. I’m thrilled to announce our lead investment in Visor as case in point. displacement schools of thought - we believe that there are grounded examples of AI being used to change both the laborer and consumer experience for the better. While there are valid points on both the job creation vs. We offer fully online investment management services and insurance solutions at a fraction of the cost Canadians typically pay. From politics to business sections of major news outlets, debate surrounding the downstream effects of AI/automation on employment and the US economy rages on. The re-emergence of artificial intelligence has hit peak prominence in the technological zeitgeist, but has simultaneously emerged as a hot-button socioeconomics issue as well. In recent years, this pursuit has repeatedly brought us to the evaluation of applied AI as one such breakthrough. At Obvious Ventures, we have set our mandate to find and support companies that leverage technology for good - companies that use the latest, deeply technical, breakthroughs to solve tough, often ignored, problems in our economy. ![]()
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