Jason On Firms Podcast 396 10 Recent AI Announcements ACCOUNTANTS Should Be Excited For
Jan 8, 2025
Dive into the latest AI advancements transforming the accounting world. Discover how the O1 model enhances reasoning in financial practices, potentially displacing routine tasks. Explore Microsoft's Copilot Vision and Google's Gemini capabilities for improving workplace productivity. Learn about cost-effective AI tools that are reshaping accounting roles and practices. Embrace the shift toward AI as a collaborative partner, promoting smoother client interactions and innovative solutions in tax advisory.
AI Snips
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AI Reasoning
- The shift to "reasoning" in AI involves giving models more time to think before responding.
- This leads to higher quality answers, like achieving PhD-level work with the O1 model.
CPA Exam and GPT
- Accounting Today initially claimed GPT 3.5 couldn't pass the CPA exam.
- Later tests with GPT-4, using chain-of-thought prompting, showed passing scores, even on other certifications.
ASI and Intelligence
- AI's intelligence is rapidly increasing, potentially exceeding human intelligence significantly.
- This raises existential questions about the future and the nature of intelligence.