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CFO Weekly
The Power of AI in Finance with Siqi Chen
Jun 25, 2024
Siqi Chen, CEO of Runway, discusses the role of AI in simplifying financial analysis, revolutionizing the CFO's role, and democratizing decision-making in finance. Topics include AI adoption challenges, cybersecurity, market trend identification, and the importance of collaboration within the finance team.
30:27
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Quick takeaways
- AI revolutionizes CFO role by focusing on storytelling and collaboration.
- Runway platform uses AI to make financial data understandable and accessible for strategic planning.
Deep dives
Artificial Intelligence in Finance and Changing CFO Expectations
Sikhi Chen discusses the importance of artificial intelligence in the finance sector and the evolving role of CFOs. He emphasizes that CFOs are now expected to be more strategic, focusing on storytelling and collaboration. Runway, the finance platform he co - founded, aims to make business understandable and accessible. By enabling companies to align goals and facilitate cross - functional collaboration, Runway helps CFOs transition from traditional financial reporting to strategic business partnership.
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