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
