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David Gurra

๐Ÿ‘ค Speaker
1970 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

So we are...

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

growing our engineering and ML teams dramatically.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

We're a fully New York-based company, and we essentially want to be the home for applied AI work in New York City.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

So that's always number one priority.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

But the other aspect of it is we are now starting to serve accounting firms across all of their practices, CAS and core accounting being the initial segment, but now also tax, audit, broader advisory.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

And over time, figuring out how we can get AI into all these various places is extremely important.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

Demand has exceeded our capacity to serve it, and so we felt it was important to bring on additional capital to make that possible.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

So Matt, I'm going through my taxes right now and through the portal of my accountant, who I won't name, they do a good job.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

I upload all of the documents, W-2, 1099, 1098, whatever.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

But there is an element of observability because I still have to go in and double check all of the automated part of it.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

I know that's not the same, but the case study you gave of a business tax filing start to finish, the observability piece must be critical if you're handling that for businesses of scale.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

Yeah, absolutely.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

Good question.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

You know, we think that the ability for an accountant to understand what's happening at a granular level as the AI is helping them get work done is extremely important.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

That goes back to a little bit about what Caroline was referring to in terms of the, you know, what makes us different than generic tools.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

having domain-specific user experiences and domain-specific auditability functionality is extremely important.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

And then we also think that accounting firms have a very important role to play.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

At the end of the day, what people like yourself and what businesses around America probably want is a human that they have a relationship with, that they trust to do this incredibly important work.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

And so having the AI collaborate with humans to make that possible in an even better fashion maybe will improve the experience that you have on your taxes in future years as firms figure out how to bring these two things together is extremely important.

Bloomberg Tech
Meta to Spend Billions on AMD Gear, AI Scare Trade Continues

So here in the central question is, is it an aid to an existing job or does it displace an existing role in accounting going forward?