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That is not true. I know of many private equity companies that are using LLMs for a base level analysis, and a separate validation layer to catch hallucinations
by sriram_malhar 1y ago
That is not true. I know of many private equity companies that are using LLMs for a base level analysis, and a separate validation layer to catch hallucinations.
LLM tech is not replacing accountants, just as it is not replacing radiologists or software developers yet. But it is in every department.
- suddenlybananas 1y agoThat's not what the accounting department does.
- sriram_malhar 1y agoNot sure what you think I mean by "that". The accounting department does a large number of things, only some of which involves precise bookkeeping. There is data extraction from documents, DIY searching (vibe search?), checking data integrity of submitted forms, deviations from norms etc.
- jdietrich 1y agoSuddenlybananas appears to be unaware of the field of management accounting.