Believe it. Artificial Intelligence is just that; artificial. Yes, it’s an incredible new technology changing the world as you read this. And over time, we’ll be integrating it into just about every aspect of our lives. Because the information age is about using information to make our lives better. But it still can’t do everything.
AI works by analyzing available data and filtering it out using algorithms to see relationships and patterns. As it receives more data it gets “smarter.” The University of Illinois, Chicago states that AI software will be able to perform tasks typically requiring human thinking traits such as reasoning, problem-solving and understanding. This may sound like humans are being replaced, but we tend to think that conclusion will remain in science fiction. No, we are not naïve, we know over time, computers have taken over human tasks, both physical and mental. There is still something about the organic human brain that is the “better computer” when it comes to certain things. As one of the Bay Areas leading CPA firms for startups, we spend plenty of time with AI startups. And know these entrepreneurs are on the cutting edge of the future. But there is an understanding that the partnership between “man and machine” is more of the goal here.
We Love Partnering with AI Start-Ups in the Bay Area
Computers and data are essential to business today. And it’s just as valuable to seek a professional to properly analyze that data. Because, in reality, technology can fail. They can be hacked or experience glitches from time to time. Or the data doesn’t consider all the outliers during processing. And when that happens, it can result in losing human beings losing money. The Pew Research Center released a study about when technology fails. Commonly used and trusted technology like our computers and cell phones have had moments where they failed. As we move forward into the new frontier of AI, we must prepare for that, too.
No matter how much we want to rely on technology to do the hard work for us, human beings should still oversee the results. Several AI startup leaders agree that collaborative efforts between humans and AI will benefit several industries, including agriculture, healthcare, transportation, and data analysis. Many AI startups look to us to help with their business taxes and financials. Our CPA team is experienced in the financial intricacies of building a new business. And our CPA team loves having new AI technology at our fingertips, especially when it helps us leverage tax benefits for a growing start-up!
At a recent AI Summit in Paris, Franco, America’s Vice President J.D. Vance gave a speech about how the goal of AI is to help supplement and not replace human beings. He believes it will make people more productive and there are opportunities to remain in control as we use technology to improve our lives. And improvements can mean better performance and quicker turnarounds for production. As one of the leading CPA firms for startups in the Bay Area, we always aim to provide the most professional service. We are ready to embrace new AI tech in our business tax returns and accounting practices. The more thorough and quicker our work, the more successful our San Francisco AI startup community can get. That’s a future we look forward to!
