Behind on AI Adoption? Because the Second Best Time to Start is Today!

Ted McRae - Certified Prompt Specialist will be joining Matt and Dan to overview strategies accounting professionals can utilize in their practice to incorporate AI.QB Power Hour is a free, biweekly webinar series for accountants, ProAdvisors, CPAs, bookkeepers and QuickBooks consultants presented by Dan DeLong and Matthew Fulton who are very passionate about the industry, QuickBooks and apps that integrate with QuickBooks.Earn CPE through Earmark: https://bit.ly/QBPHCPE Watch or listen to all of the QB Power Hours at https://www.qbpowerhour.com/blogRegister for upcoming webinars at https://www.qbpowerhour.com/00:00 Introduction and Welcome01:06 AI in the Accounting Industry06:06 Housekeeping and Session Details15:45 Understanding Large Language Models (LLMs)24:10 Practical Applications of AI in Accounting32:46 The Cost of Private AI Environments33:10 Handling Personal Identifiable Information33:44 AI in Business: Practical Examples34:21 Different Types of AI35:24 Generative AI: Creating Content37:17 Machine Learning: Continuous Improvement38:23 The Future of AI: Risks and Opportunities43:33 AI Hallucinations: Understanding the Concept48:59 Effective Prompting Techniques51:42 Upcoming AI Cohort and Final Thoughts