5 Things about AI you may have missed today: Cohere CEO on GenAI, AI to fix accountant shortage, more

tech.hindustantimes.com:

AI roundup: An AI startup named Fieldguide plans to overcome the accountant shortage problem by developing AI tools for auditing, fraud detection, and more. The company has already raised  $30 million in funds. In other news, Cohere CEO, Aidan Gomez talks about the future of generative AI in an interview with The Associated Press. Know more about such AI news of today, March 26, 2024. 

Fieldguide is planning to build an AI tool which will fulfil the requirements of accounting and it will also deal with problems related to accountant shortage. So far, the company has raised $30 million for its AI tool which will be able to perform several tasks such as auditing, fraud detection, compliance and forensic services, and other repetitive tasks. Former Ernst & Young consultant Jin Chang said, “Endless hours and the tedium of work is accelerating burnout among CPAs and they're quitting, but the rate of new CPAs coming into the profession is declining.” Hence, the AI tool will fill the gap according to a Bloomberg report. 

Also read: Apple may bring AI features to iOS 18 leveraging Baidu tech

In an interview with  The Associated Press, Cohere CEO, Aidan Gomez was about  AI language models and whether the company is building AGI (Artificial generative intelligence). While he denied the question, saying “No, I don't see it as part of my mission. For me, AGI isn't the end goal. The end goal is profound positive impact for the world with this technology.” When asked about “biggest public misconceptions about generative AI” Gomez replied  that “Technology coming and taking over and displacing us.”  To back the statement, Gomez said that the technology is going to be beneficial for us and tech giants are doing their best to eliminate the emerging risk, according to an AP report. 

A cloud and AI service provider company named G7 CR Technologies introduced an AI Apps Program for businesses to take advantage of the advanced technology. The program will allow businesses to know how AI