The $100B Revolution: How LLMs will Change Accounting Forever

In this episode, I sit down with Seema, a partner on the Andreessen Horowitz Fintech Team, to explore how AI is transforming accounting. We uncover why 75% of accountants may retire over the next decade and how AI could relieve shortages by streamlining data ingestion, research, reporting, and client advising. Seema also shares insights from her comprehensive market map on AI in accounting, along with strategies for founders looking to sell either directly to firms or through embedded solutions. Whether you’re curious about the future of audit, tax, or month-end close, this conversation reveals how AI can reshape one of the largest professional fields.00:00:00 - Why Accounting Faces a Crisis00:02:06 - Seema's AI & Accounting Market Map00:04:23 - Four Big Jobs for AI in Firms00:06:57 - Data Ingestion & Month-End Close00:09:08 - Research & AI-Driven Judgments00:12:08 - Firms’ Excitement, Key Obstacles00:15:08 - Challenges with Trust & Accuracy00:17:27 - Selling AI: Firms vs. Companies00:20:29 - Automation & Billable Hours Shift00:23:38 - Embedded Accounting & Verticalization00:26:52 - Niche Communities & Next Steps00:29:24 - Future Outlook & Conclusion

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