February 15, 2024

It’s ALIVE!!!! AI Speaks Finance

On this episode of the Gross Profit Podcast, James Kennedy sits down with a truly unique guest – ChatGPT! James seeks to uncover how AI can be a game-changer for finance teams in saving time and money. But the discussion doesn’t stop there – it also tackles the critical questions of data security and the future role of AI in business.
The Gross Profit Podcast
The Gross Profit Podcast
It's ALIVE!!!! AI Speaks Finance
Loading
/

Show Notes

In this episode James Kennedy takes a deep dive into the world of artificial intelligence with a truly unique guest – ChatGPT, the AI language model.

James seeks to uncover how AI can be a game-changer for finance teams in saving time and money. But the discussion doesn’t stop there – it also tackles the critical questions of data security and the future role of AI in business.

What You’ll Learn:

  • AI in Finance: Discover how AI can revolutionize financial operations by optimizing processes like OCR (Optical Character Recognition) and data analysis.
  • Trust and Security with AI: An in-depth look at the measures taken to ensure sensitive financial data remains secure when using AI systems.
  • AI as a Business Ally: Understanding AI’s role in enhancing human capabilities, not replacing them, in the business landscape.
  • Historical Parallels: ChatGPT’s take on the comparison of AI to pivotal inventions like the tractor, and what that means for the future of work.

Episode Highlights:

  • “ChatGPT, how can finance teams leverage AI to improve efficiency and accuracy?”
  • “In terms of data security, how reliable is AI, and what precautions should businesses take?”
  • “You mentioned augmenting human capabilities – can you expand on how AI plays a role in this?”
  • “Do you see AI as a revolutionary tool akin to the invention of the tractor in terms of its impact on society?”

Social Snippets:

  • “It’s not about replacing people, it’s about augmenting human capabilities” – ChatGPT.
  • “It’s like having a super-efficient assistant who works 24/7 and loves crunching numbers” – ChatGPT.
  • “Is AI Frankenstein’s Monster or Man’s New Best Friend? Have a listen and decide.”

This episode is a must-listen for anyone curious about the potential and realities of AI in the business world. ChatGPT, with its ability to analyze and provide insights on a range of topics, offers a unique perspective that is both enlightening and thought-provoking.

This podcast is tagged under:

The Gross Profit Podcast

More Episodes

Merushka Chetty

Aaron Mills – The Transparency Secret to 3X Growth!

This week James sits down with Aaron Mills, founder and CEO of Daaxit, to discuss the realities of running a profitable construction business – and how the right financial strategy can be the difference between barely surviving and scaling with confidence.
Aaron shares his journey from 20 years in the construction industry to founding his own successful fractional CFO firm. Together, they dig into smart pricing strategies, incentivizing field teams, and how he helped one business owner go from burnout to working just one day a week.
Stick around to the end to hear Aaron’s surprisingly controversial business hero pick – and why it inspires him to push further every day.

Listen Now »
Merushka Chetty

Jamie Odegaard – The Dark Truth about Buying Businesses

This week James sits down with Jamie Odegaard, founder of Aardvark, to unpack what he calls an “inflationary war story” – from swinging a shovel in high-end construction to launching a thriving fractional CFO firm.
They explore Jamie’s unconventional journey, how he navigated a failed acquisition, the harsh realities of private equity partnerships, and how his firm helps small creative and service businesses build real financial health.
Jamie also shares his thoughts on popular business influencers, the value of gross margin clarity, and why invoicing on time might be the most underrated financial lever of all.

Listen Now »
Merushka Chetty

Salvatore Tirabassi – How to Make Your Sales Team 10X More Effective

Today, James sits down with private equity expert Salvatore Tirabassi.
They explore what makes a founder investable, how private equity firms assess opportunities, and the key elements that drive value creation post-investment. Salvatore reflects on his career in investment banking and private equity, and what it really takes to scale a business with confidence.
Packed with wisdom from years of working with founders, this episode is a must-listen for anyone considering taking on outside investment – or preparing to pitch.

Listen Now »