In this Gorfine, Schiller & Gardyn podcast interview, Chuck Faunce, Director of Business Valuation & Litigation Support at GSG, discusses all things AI and financial services.
2023 has certainly been the year of Artificial Intelligence (AI) with non-stop news stories about how it will have a wide-range of impact on virtually every aspect of our lives. But the big question is can AI do your taxes and provide other financial services?
We address this question head-on in this podcast interview – with the big takeaway being that AI is not ready for a full takeover of financial services. The human element and guidance from experienced tax and audit professionals remains vital.
Following are highlights from this interview:
- Why Generative AI won’t be doing anyone’s taxes anytime soon. (:30)
- The current risks involved with using AI for financial services. (2:55)
- Why guidance from experienced professionals is still important, as opposed to relying solely on the results from an AI model. (5:30)
We would like to thank Chuck for sharing his candid insights with us. Please contact GSG here to learn more about how GSG provides the human element to all client engagements.Categories: Podcast, Tax