As a reminder, colleague Brian Tankersley and I have recorded podcasts on the topics of AI with ChatGPT4, Microsoft AI, DALL-E & AI Competitors, AI Truthiness & Hallucinations, Large Language Model (LLM) considerations, Microsoft Copilot, Developments in Generative AI and How to Determine Valid Content on AI. As you prepare your firm for a new year, here are my top 10 predictions for the future of AI in 2024, specifically focusing on the accounting profession, supported by other author’s opinions. Source: https://www.wired.com/story/anthropic-ai-chatbots-ethics/Collaboration between Humans and AI: Despite the advancements of AI, the human element will remain essential in the accounting profession. AI-Enhanced Security: 50% of all security operations centers will leverage AI to detect and respond to threats, and 75% of all security solutions will include AI components. In the future, we can expect to see more AI-powered accounting software, as well as AI-powered financial analysis tools.

Source: Forbes December 12, 2023 00:23 UTC