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Embracing the role of artificial intelligence in accounting and finance: contemplating the changing skillset expectations The proactive approach of AI to continuously monitor data sets and identify issues while auditing makes it possible to conduct real-time or near-real-time audits. AI-driven tools have powered accountants to focus on higher-level strategic initiatives that drive business growth and...

What Are Generative AI, OpenAI, and ChatGPT? Also developed by OpenAI, the AI system can generate images from textual descriptions. For example, if you give DALL-E the prompt “an armchair in the shape of an avocado,” it will generate a completely new image of an avocado-shaped armchair. These algorithms can also spot upselling and cross-selling opportunities,...

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