How AI Is Actually Changing Accounting with Dr Mfon Akpan
October 3, 2024
AI isn't new. It's been around since the 50s, cycling through bursts of excitement and funding, then lulls. But now it feels different.
That's why I started this podcast. I talk to people actually building AI - founders, engineers, scientists. Those doing the work.
The goal is simple: show what's really happening in AI.
In this episode, I speak with Dr. Mfon Akpan, who teaches accounting. We discuss how AI is changing accounting, what this means for jobs, and how to use AI well.
We also get into ethics and making sure AI helps everyone, not just a few. Listen in to learn more.
AI isn't new. It's been around since the 50s, going through waves of excitement and funding, then lulls. But now it feels different.
That's why I started this podcast. I talk to people actually building AI - founders, engineers, scientists. Those doing the work.
The goal is simple: show what's really happening in AI.
In this episode, I speak with Dr. Mfon Akpan. He teaches accounting and has worked at several universities. He also helps oversee finances for Fayetteville.
We cover:
- How AI is changing accounting
- Two ways AI reasons: "chain of thought" and "tree of thought"
- Why some AI tools are hard to access
- Problems companies face when trying to use AI
- Why AI tools might get more expensive
Dr. Akpan knows a lot about mixing new tech with old-school fields. He's been teaching and researching for over 10 years.
If you want to understand AI's real impact on business and society, beyond the hype, this conversation is worth your time.
Highlights Timestamps
- 00:56 - From Finance to AI
- 05:37 - How AI Is Reshaping Accounting
- 14:45 - CoT Versus ToT
- 17:40 - AI’s Paywall Problem
- 21:05 - The Challenges of Adopting AI
- 23:27 - Will Advanced AI Become a Luxury?
- 29:48 - AI Breakthroughs in Accounting
- 32:40 - Essential AI Tools You Need to Know
Episode Resources
Pivotal Clarity | An AI Podcast is handcrafted by our friends over at: fame.so.