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AI makes taxes easier

Author

Hunter Kallay
July 25, 2025

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*The content provided in this newsletter is for informational purposes only and does not constitute investment advice.*

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Today’s Menu

Appetizer: Salty Stories of the Week 🧂

Entrée: This Week’s Diamond in the Rough 💎

Dessert: FRY-nancial Tool of the Week 🔧

SALTY STORIES OF THE WEEK 🧂

Want some seasoning? Here are the saltiest AI stories in FRY-nance from this week:

  • Sovos, a global tax compliance solutions provider, has launched Sovi AI—an advanced AI tool designed to simplify and automate the complex world of tax compliance. Integrated into Sovos’ Tax Compliance Cloud, Sovi AI helps businesses manage e-invoicing, tax reporting, and regulatory tasks more efficiently using features like face recognition, secure authentication, and conversational dashboards. (Read More)

  • Amazon is acquiring Bee, a startup that makes AI-powered wearables designed to listen to your conversations and help you remember tasks, send messages, and manage notifications. Bee’s $50 bracelet (plus a $19/month subscription) acts like a voice-activated assistant, recording audio—unless muted—to generate reminders and to-do lists, and it’s designed to feel more like a companion than a gadget. (Read More)

  • Google is investing $25 billion over the next two years to build data centers and AI infrastructure across 13 states in the PJM electric grid—the largest in the U.S.—to meet soaring energy demands from AI. (Read More)

THIS WEEK’S DIAMOND IN THE ROUGH 💎

Image: FormFactor

This week’s diamond in the rough: FormFactor (FORM)

How is FormFactor using AI? FormFactor makes technology that tests computer chips, which is especially important for the powerful chips used in AI. As AI chips become faster and more complex, traditional testing methods can’t keep up. FormFactor’s technology touches the tiny parts of a chip to make sure it works before it's packaged, helping catch problems early. Since every AI chip must be tested—and testing is only getting harder—FormFactor’s role is becoming more valuable.

Why is FormFactor valuable? FormFactor made $171.4 million in the first quarter of 2025, but sales were slightly down due to trade restrictions with China. Still, the company expects to bounce back this quarter with $190 million in revenue. It’s also investing in future growth by buying a key supplier (FICT Limited) and approving a $75 million stock buyback. With growing demand for advanced AI chips, FormFactor is well-positioned to benefit in the years ahead.

HOW ARE THE BIG AI PLAYERS DOING?

FRY-NANCIAL TOOL OF THE WEEK 🔧

Image: Anthropic

What is the tool? Claude’s new Financial Analysis Solution is an all-in-one AI platform that helps users analyze markets, conduct research, and make investment decisions faster and with greater accuracy.

What are the features?

  • Get Instant Answers: Ask questions in plain language and get clear, source-linked insights—no digging through files or formulas.

  • Faster Financial Modeling: Automate complex Excel tasks, risk analysis, and simulations.

  • All Your Data, One Place: Connect market feeds and internal systems like Snowflake and Databricks into a single, searchable interface.

  • Smarter Research: Quickly generate memos, benchmark companies, and uncover hidden opportunities with AI-powered tools.

FRY-AI FANATIC OF THE WEEK 🍟

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Staqin gave us a Fresh and Crispy review and wrote, “Love the award-winning content.”

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