Accounting Isn't Fully Embracing Ai yet | Techcrunch
AI-powered accounting platform Quanta has raised $4.7 million to revolutionize the industry, selling an automated platform that produces financial reports and books from existing fintech tools. The company's founder, Helen Hastings, aims to help financial teams and business leaders be more efficient by leveraging AI. With its unique approach, Quanta plans to move beyond its current niche of early-stage software companies to larger businesses.
- As the accounting industry slowly starts to adopt AI, questions arise about the impact on jobs and the need for new skillsets, underscoring the importance of reskilling initiatives.
- What regulatory frameworks will emerge to govern the use of AI in accounting, ensuring transparency and accountability while preventing potential biases?