Since the release of ChatGPT in November 2022, there have been many ongoing debates about the use of artificial intelligence . Despite different opinions, whether positive or negative, one thing that's clear now is that AI is here to stay for good. Just like AI is transforming the way we think about doing certain activities, such as writing or researching, AI is tapping into the world of finance.
Human errors in financial data can lead to significant financial discrepancies. However, as we all know, people make mistakes, and there's nothing you can do about it. You simply can't always oversee every detail to ensure the output is error-free. AI, on the other hand, with its capability to process vast amounts of data, reduces the risk of errors and is there to generate precise calculations and detect human error at every level.
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