4.6 • 2.7K Ratings
🗓️ 14 June 2025
⏱️ 7 minutes
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0:00.0 | I'm John Batch with Gene Marks, the small business columnist for the Guardian newspaper, |
0:09.4 | the UK and the U.S. edition, our hometown newspaper, the Philadelphia Inquirer. |
0:14.0 | And we're looking now at the AI report. Question is, is AI good for your business? |
0:20.1 | Gene, there's indication here that it is. |
0:22.6 | How so? |
0:24.0 | Well, a new report just came out, and this was reported in CNBC, this study from PWC that basically said that, hey, AI actually makes workers more valuable, not less valuable. |
0:37.9 | And it's the common narrative that I've been hearing over the past few months. |
0:42.0 | And I mentioned in our previous segment, John, that I was in Vegas at the AI CPA conference, 5,000 CPAs. |
0:50.0 | And I interviewed a bunch of people there. |
0:52.3 | And we were talking about AI in the accounting profession. |
0:55.2 | And every person, to a last person, we're all like, AI is great. |
0:59.6 | It is not going to replace people. |
1:01.0 | It's going to make people more productive and more valuable to their clients and all that kind of stuff. |
1:07.1 | And I'm not so sure I agree, John. |
1:09.6 | I'm really not. |
1:10.3 | I mean, when you look at the accountants and I look at accounting firms, there are a number of accounting firms that pay accountants to prepare tax returns and do tax research. |
1:18.6 | And I know for a fact that there are AI systems available today, which get better and better, that you can subscribe to that we'll do that exact thing. |
1:26.7 | We'll do tax research for you |
1:28.2 | and we'll also be able to prepare, you know, tax forms. Now, I'm not saying that it doesn't |
1:33.8 | need a little bit of human oversight because you can never rely 100% on AI. So it'll make some |
1:39.9 | workers more productive, but I really do believe that it is, it really is going to replace lots |
1:46.2 | of workers, pretend specifically in service industries that, you know, whether the work themselves |
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