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is Becoming Uninsurable. Here’s Why That’s a Problem for Accountants.
I’ve been thinking a lot about the risks of using AI. We all know the benefits. It can speed up our work and find new insights. But what happens when it goes wrong? A while back I looked at a case where Deloitte Australia had to refund a client. The suspicion was that an AI…
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Your Firm’s Pricing Is a Guess. AI Can Fix It.
I was talking to a friend in marketing the other day. His company sells physical goods not services. He told me they were building a data pipeline to track competitor pricing in real-time. Their goal was to automatically adjust their own prices to always be 2% lower. It was a clear example of active data-driven…
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Behind the Headlines: Deconstructing J&J’s $3 Billion Biotech Bet
Johnson & Johnson bought a company called Halda Therapeutics for $3.05 billion. All cash. Halda is a clinical-stage biotech company. It doesn’t have a blockbuster drug on the market. It was spun out of a Yale University lab. What did J&J actually buy? And how do accountants even begin to put a deal like this…
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The Accounting Reckoning for Buy Now, Pay Later
I was at the dentist a couple of weeks ago. Amid the usual posters about flossing, there was a sign for a payment plan. It wasn’t traditional financing. It was a Buy Now, Pay Later (BNPL) service. For dental work. BNPL is no longer a niche tool for online shopping. It has moved from sneakers…
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Why Your AI Strategy is Just an Expensive Wish List
I was talking to an architecture firm recently. They have decades of project data. Blueprints, material lists, timelines, client communications. Everything. They wanted to use AI to find efficiencies and get a competitive edge. There was just one problem. Their data wasn’t a mess, but it was stored in a dozen different formats across countless…
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Welcome to the Era of Hypervolatility in Accounting
A recent conversation between the head of the PCAOB and a reporter got me thinking. They talked about the massive changes hitting the accounting world. It’s not just one thing. It’s a combination of technology, new regulations, and global instability. It has made the job of an accountant more of a headache than ever. This…
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How AI Companies Are Paying for a Trillion-Dollar Habit
A question has been bugging me. We see these headlines every day. OpenAI raised $40 billion. Meta is spending $65 billion on AI this year. Elon Musk’s xAI pulled in $20 billion in a single round. These numbers are astronomical. OpenAI’s CEO Sam Altman recently got annoyed when asked how his company, with a reported…
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Is AI Really Taking All the Jobs? Yale’s Data Says Not Yet.
I see the headlines every day. Another tech company announces layoffs. The reason is always AI. It feels like a massive shift is happening right now. A robot revolution wiping out jobs left and right. But is that what’s really going on? I wanted to check the hype against the data. So I dug into…
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Is Finance Tech Finally Moving Beyond Just Cost Cutting?
I’ve been in a lot of rooms recently. The conversation often turns to managed services. The pitch is always the same. Finance tasks like bookkeeping are not strategic. They are a cost center. So let an outside firm handle it. Your CFO can then focus on “real” strategy. This has been the narrative for years.…
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Is Gen AI Actually Delivering ROI? Wharton and MIT Disagree.
I keep seeing conflicting headlines about Generative AI. One day it’s a revolution. The next it’s a failure. This paradox hit home recently with two major studies. A new report from Wharton says 75% of enterprise leaders see a positive return on investment (ROI) from Gen AI. But I clearly remember an MIT study from…
