Whether or not you’re on the artificial intelligence (AI) bandwagon, you’ll want to pay attention to the rapid advances in the generative pretrained transformer, better known as GPT, the large learning model used by ChatGPT. About half of all tasks U.S. workers perform could be completed faster by generative AI without losing quality, according to a 2023 study by University of Pennsylvania researchers and OpenAI, the company that developed ChatGPT. Many accounting firms are open to more automation. Already, 24% of top-performing client advisory services (CAS) practices use AI, according to the 2022 CAS Benchmark Survey by CPA.com and the AICPA’s Private Companies Practice Section (PCPS). Click here to read.
