Tag: Accounting

Smaller accounting firms are cautiously curious about the potential of ChatGPT, an accessible AI tool that can streamline accounting processes. Although some firms have used it as a junior writer for blog posts and to summarize accounting research, confidentiality risks are a concern. While the legalities of using ChatGPT remain uncertain, its potential benefits are being examined.

. Chegg is a Silicon Valley-based public company providing academic services such as tutoring and study material. Its shares have plummeted 48.41% after OpenAI's release of ChatGPT & GPT-4, AI chatbots providing in-depth answers promptly to students. It is speculated that the preferences of students for these services led to Chegg's minimal customer growth. In response, Chegg is developing CheggMate in partnership with OpenAI. Read this article to know more.

Hostaway recently launched a powerful ChatGPT-powered AI technology to help property managers increase bookings and provide guests with an improved experience. This AI technology will provide property managers with automated marketing, sales, communication, operations, reporting, and accounting services. The Co-Founder and COO of Hostaway, Sabere Kordestani claims that this is just the beginning for the company's growth with the help of AI.

RISE, an India based ed-tech platform, is advancing the education world with a blockchain-based digital certificate system for their students and alumni. By making their certificates secure and free of fraudulent activity, RISE is making sure to empower their students to become successful. QR codes are also added to each certificate for validation, making sure that employers can easily authenticate the skills and education certificates.

Discover ChatGPT, the AI chatbot that attempted to master the art of accounting but came up short. A recent study of 25,181 classroom exam questions showed the AI bot's average score to be only 47.4%. Despite the dismal performance, Brigham Young University professor David Wood sees potential in the tech to improve the teaching and learning process. Stay tuned for Accounting Today's findings if ChatGPT can pass the CPA Exam.