- Accountants In Front of AI
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- Major ChatGPT Upgrade for Accountants
Lots of exciting action this week.
I’ll start with the announcement of a major upgrade to ChatGPT which will further the adoption for the accounting profession:
We’re rolling out a bunch of small updates to improve the ChatGPT experience. Shipping over the next week:
1. Prompt examples: A blank page can be intimidating. At the beginning of a new chat, you’ll now see examples to help you get started.
2. Suggested replies: Go deeper with… twitter.com/i/web/status/1…— OpenAI (@OpenAI)
5:50 PM • Aug 3, 2023
As of now ChatGPT Plus users have the following new features:
1. Prompt examples: A blank page can be intimidating. At the beginning of a new chat, you’ll now see examples to help you get started.
2. Suggested replies: Go deeper with a click. ChatGPT now suggests relevant ways to continue your conversation.
3. GPT-4 by default, finally: When starting a new chat as a Plus user, ChatGPT will remember your previously selected model — no more defaulting back to GPT-3.5.
4. Upload multiple files: You can now ask ChatGPT to analyze data and generate insights across multiple files. Imagine uploading multiple client docs to have it analyze (be sure to enable privacy mode).
5. Stay logged in: You’ll no longer be logged out every 2 weeks! When you do need to log in, you’ll be greeted with a much more welcoming page.
6. Keyboard shortcuts: Work faster with shortcuts.
Here’s what else was cooking this week in accounting AI:
AI Spending Soars as Firms Scramble for Bots
Claude 2.0: What This Smarter AI Means for Accounting
AI assistants poised to transform accounting services
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Read time: 6 minutes
LATEST DEVELOPMENTS
AI Spending Soars as Firms Scramble for Bots [LINK]
In a Nutshell: AI spending skyrocketing as firms race to deploy bots.
Key Points:
Nearly half say AI is top tech splurge for next year. Full speed ahead on bot budgets.
Asia outpacing the West on AI investments. Over half already shelling out $1M+ per year on AI.
Cloud and machine learning also hot tech strategies. But recession fears braking some tech budgets.
Why It Matters:
This surge in AI spending flags a pivotal tech shift. Accounting must smartly integrate bots to upgrade offerings without compromising ethics or axing jobs. Strategic adoption is key to harness AI's upside while safeguarding our principles.
Claude 2.0: What This Smarter AI Means for Accounting [LINK]
In a Nutshell: Upgraded AI assistant Claude 2 poses both opportunities and challenges for the accounting field.
Key Points:
Can summarize up to 75,000 words, a massive leap compared to ChatGPT's 3,000-word limit
Claude-2's knowledge cutoff is early 2023, while GPT-4 is September 2021
Outperforms GPT4 on the GRE writing, HumanEval coding, and Bar exam
Import an entire PDF file and have Claude 2 summarize the entire document.
You can summarize a 300-page book into 10 bullet points.
Why It Matters: Claude 2 could optimize efficiency for repetitive accounting work. It’s definitely a worthy competitor to ChatGPT/GPT-4…and it’s free (at least for now).
AI assistants poised to transform accounting services [LINK]
Conversational AI is finally here. Introducing Air…
Air can perform full 5-40 minute long sales & customer service calls over the phone that sound like a human. And can perform actions autonomously across 5,000 unique applications.
It’s kind of like having 100,000 sales &… https://twitter.com/i/web/status/1…/
— Caleb Maddix (@CalebMaddix)
12:49 PM • Jul 15, 2023
In a Nutshell: The recent launch of Air AI by Caleb Maddix has introduced conversational AI capable of full sales and customer service calls. This technology could revolutionize how accounting firms interact with clients.
Key Points:
Air AI can have natural conversations and perform actions across thousands of applications, adapting to various roles like account manager, customer service, and more based on creative input.
Currently being used for live calls, serving real businesses daily.
Firms can request beta access to deploy an AI assistant team.
Why it matters: AI assistants work tirelessly without breaks, and interact identically to humans. This technology could create a competitive advantage for accounting firms to provide unmatched service and support to clients 24/7. With Air AI, firms can scale client interactions exponentially without expanding staff. This is a potential game changer for how accounting services are delivered. Firms that adopt these AI assistants early could gain a huge competitive advantage.
💡Take Away: Now is the time to get an edge over your competition. Learn how to level-up your firm with AI and ChatGPT with our ChatGPT Playbook for Accountants.
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From the Community
Jeff closes $126,000 in new accounting business in 3 weeks.
Emanuel leverages AI to win $55,000 in 5 days.
Beth saves 12 hours per week using ChatGPT.
Join our growing community here.
TOGETHER WITH AI AMPLIFIER FOR ACCOUNTANTS
In a Nutshell: Command higher fees while cutting your workload in half with the new AI Amplifier for Accountants course.
Key Points:
Unleash the power of AI to turbocharge your firm's growth, boosting productivity within just 15 days.
Seamlessly balance work and life by incorporating ChatGPT, reducing your workload and reclaiming precious time for life outside the office.
Break free from the traditional accountant mold, and step into the shoes of a forward-thinking, AI-powered leader.
Future-proof your firm, building an AI-driven business that's a high-demand asset in the contemporary market.
Why it Matters:
This course will save you time and money so that you can grow and automate your firm in half the time.
👋 That’s a Wrap
That’s it for today folks!
In the meantime, if you want live updates, join over 95,000 other accountants, tax pros and entrepreneurs who follow me across YouTube, Twitter, and LinkedIn.
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Marc
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