Excellent new report released by Deloitte titled “Novel and exponential technologies in Finance” about the future of finance and accounting covers AI tools: https://www2.deloitte.com/content/dam/Deloitte/us/Documents/finance-transformation/us-crunch-time-the-next-frontiers-in-finance.pdf

Generative artificial intelligence (AI), language models, machine learning, augmented reality, quantum computing: These hot topics are everywhere, and they likely aren’t going away. In particular, large language model generative AI that can create (sort of, kind of) the way a human can is having a moment. Everywhere you turn, it seems like someone is testing the abilities of consumer-facing generative AI applications like ChatGPT, AlphaCode, DALL·E, and Bard. We’re learning their limitations … and their potential. And everyone—including Finance leaders—could be wondering what these technologies mean for their work and for the future.

Novel and exponential technologies in Finance