How AI & Chat GPT Will Change Accounting with Randy Johnston

In this episode, Randy Johnstone takes listeners through the history of artificial intelligence (AI) and its relevance to accountants. He shares insights on the development of computer vision, voice recognition, and neural networks over the years.

Randy highlights critical milestones such as Microsoft's AI-based operating system in 1995 and the emergence of generative AI with OpenAI's chat GPT models. He explains how these models utilise large language models to produce accurate answers by analysing vast internet content.

Randy emphasises the importance of accountants researching and using AI while acknowledging the risks associated with privacy and confidentiality. He discusses the concerns and debates surrounding AI regulations and encourages listeners to stay updated on the rapidly evolving landscape of AI.

00:00 - Intro.
00:36 - History of AI & ChatGPT.
03:50 - WatsonX, a Generative AI platform
07:09 - How AI will impact accounting
09:09 - Privacy concerns around AI
10:56 - Is AI a threat to accounting?
14:43 - AI in Accounting Data Analysis.
17:56 - How AI has reduced workplace stress
20:57 - AI & ChatGPT for Marketing.
23:40 - Will AI understand human emotions?
25:51 - AI & Future of Accounting.
30:03 - Thank You & Wrap up!

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Accounting Influencers Podcast is for accountants, bookkeepers, finance professionals and those who lead, work in, and serve them. Hosted by Rob Brown and special guests who are influential within their field, the podcast covers topics such as leadership, business growth, technology and automation, diversity, and career development.

The show features experts, event coverage, media sources, vendors, and social media conversations. Along with Martin Bissett, Rob is a founder of the Accounting Influencers Roundtable (AIR) and brings many years of experience serving the accounting profession.

Rob is a speaker and expert on trust, reputation, and networking. The podcast provides valuable insights and advice for those looking to succeed in the accounting world.

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Accounting Influencers Roundtable (AIR) is a members-only, commercially focused, high-level international mastermind and door-opening club for those selling to and through accountants, CPAs, bookkeepers, practices and networks.
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