We see multiple stories about the rapid growth of artificial intelligence (AI) and its entry into our lives in the form of AI tools, including ChatGPT. They seem to be everywhere. It is difficult to overstate how much things will change with the rise of these new technologies, or how important it is that companies embrace the opportunity to execute them correctly. Having conversations regarding the proper adoption of these technologies and tools is a crucial first step, including drafting policies to assist companies with their beneficial and thoughtful implementation and use. This course will define the state of AI tools, what benefits and risks exist, and which steps to take to begin adopting these technologies with appropriate guardrails, policies, and training. It is less likely that AI will destroy industries, and more likely that companies that embrace AI will overtake those companies that do not.
Learning Objectives
- Be familiar with AI tools and the current status of AI tool development
- Be able to explain what ChatGPT is and how it works
- Understand how AI tools will change the accounting and finance professions
- Be able to explain the benefits and risks of adopting AI tools
- Begin drafting policies around AI implementation for your firm or company
Major Topics
- What are AI tools?
- Where are we with AI tool development?
- What is ChatGPT?
- ChatGPT – what kind of queries are possible?
- Copyright and intellectual property issues
- Benefits of AI tools
- Concerns with AI tools
- Impact on business use of AI
- Policy on AI tools
