Lawyers are making huge leaps with AI platforms like Co-Counsel (they have the entire legal code and all case law at their fingertips...instantly). The medical industry is doing the same. Public accountants are getting ready to transform that profession by performing 100% audits of clients' financials (instead of the statistical sampling historically used).
Just last week, I submitted to an AI platform that I use the first quarter financial results of several companies that I invest in and, using some carefully prepared questions, it provided some the kind of analyses that would have normally taken a team of junior associates a week to produce.
Just last week, I submitted to an AI platform that I use the first quarter financial results of several companies that I invest in and, using some carefully prepared questions, it provided some the kind of analyses that would have normally taken a team of junior associates a week to produce.
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Paid financial advisor must be nervous over AI. My concern is there will be competitive battles between different AI platforms as to which is ‘smarter.’ After all, having the best information on a subject is the key to advantage.
That is a great analogy. Agreed.