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AI puts big four’s dominance at risk – Report

The Big Four accounting firms — Deloitte, PwC, EY, and KPMG — have long reigned over the professional services industry, wielding vast revenues, global reach, and extensive service offerings. However, a seismic shift driven by artificial intelligence could disrupt their business models and erode their market dominance, according to industry experts. Former PwC partner and […]

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Expert raises the alarm on AI’s threats

Yoshua Bengio, a renowned computer scientist and AI pioneer, has raised concerns about the potential negative impacts of artificial intelligence on society. Bengio called for further research to mitigate these risks, while continuing his influential work in deep learning, a field focused on mimicking brain activity to recognize complex patterns in data, according to CNBC. […]

Chipmaker Intel to launch AI-processor in December
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Chipmaker Intel to launch AI-processor in December

Intel announced on Tuesday that a new processor arriving in December will be able to run a generative artificial intelligence chatbot on a laptop. The functionality might allow companies and users to test ChatGPT-style technologies without transmitting sensitive data away from their own computers. Intel was slated to demonstrate it during a software developer conference […]

AI over-reliance is dangerous, institute warns
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AI over-reliance is dangerous, institute warns

The Audit Committee Institute has advised auditors and accountants to use caution when implementing or relying on artificial intelligence as a business and audit tool. According to The Punch, in a press release titled “Audit Perspective on Artificial Intelligence – form trust but verify to verify and verify,” the institute’s chairman, Chris Ekeigwe, issued this […]

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