VC firms are pioneering a new investment strategy: acquiring established businesses and optimizing them with AI to boost efficiency and customer reach.
The idea of AI accounting is so fucking funny to me. The problem is right in the name. They account for stuff. Accountants account for where stuff came from and where stuff went.
Machine learning algorithms are black boxes that can’t show their work. They can absolutely do things like detect fraud and waste by detecting abnormalities in the data, but they absolutely can’t do things like prove an absence of fraud and waste.
lol accounting….
The idea of AI accounting is so fucking funny to me. The problem is right in the name. They account for stuff. Accountants account for where stuff came from and where stuff went.
Machine learning algorithms are black boxes that can’t show their work. They can absolutely do things like detect fraud and waste by detecting abnormalities in the data, but they absolutely can’t do things like prove an absence of fraud and waste.
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How easy will it be to fool the AI into getting the company in legal trouble? Oh well.
Some would call it effortless, even.
NYC’s AI chatbot was caught telling businesses to break the law. The city isn’t taking it down | AP News - https://apnews.com/article/new-york-city-chatbot-misinformation-6ebc71db5b770b9969c906a7ee4fae21
Hey boss. Think they’re using chatgpt for that?