The AI Coming to Microsoft Products for Accountants with Ashley Francis, CPA
Chatchy PTs only the beginning and all of the complexity in the world, all of the millions
and millions of pieces of data that have been created because the internet was created.
We're going to have some barrier in between us and all of that data that's going to quiet
down the noise, simplify it for us, and also as an added bonus, do stuff. Do stuff we don't
want to do because it's repetitive and boring.
Hello and welcome to the Cloud Accounting Podcast. I'm Blake Oliver. I'm David Dury and we
are coming to you live from the on-pay recording studio with our special guest this week, Ashley
Francis, CPA. Hey, Ashley. Hey, how are you guys doing? Doing great. Thanks for taking time out of
your Saturday morning to join us and talk about- I'm a holiday weekend. We can't skip a week.
No, it's after record. I didn't realize that sort of thing until I was like, I'm going to make
a newsletter and then it's like, oh, that's a weekly thing. You start to think, oh, did I really
want to do this after doing 12 of them? You realize it's going to be hundreds of them? Yeah, but I
mean, you just have such a wealth of knowledge, Ashley. I'm excited to have you on the show because
you are a tax practitioner who is experimenting with AI. You've been on this chat GPT thing since
January and have been putting out some awesome content on your Twitter account, which is at
Seattle underscore tax. Everyone go follow Ashley on Twitter. So yeah, I'm excited to talk to you
with David about all the stuff that's going on and what we can do with it right now and what we
can expect in the future. Ashley, I had a tweet storm this weekend, right? Where are this week
all about the new Microsoft build conference? And a tweet storm this weekend, right? Where are
this week all about the new Microsoft build conference? And I couldn't keep up. So I said,
just have around the show so we can ask you the questions. It's easier.
I felt so bad. I was like, okay, guys, this is just next two days. I'm just everything
amazing I see. You're going to hear about it. And there is so much that happened.
So the thing that I saw, and I haven't really been paying attention to this, but I did see the
announcement about co-pilot, Microsoft co-pilot. And there was this cool splashy video that I want
to play for everybody. It's just like a minute and a half long. It doesn't have any narration. So
we'll have to like live narrate it. Okay, so feel free to join me in explaining for our podcast
listeners what is what we are seeing on the screen. So here we go. Dramatic music.
Very dramatic. It made your heart beat a little bit. Introducing Windows co-pilot.
Integrated it into all of Windows. We've got this like chat bar on the side. Somebody's typing
okay. How can I adjust my system? Do you see that? Do you know how to get into setting?
Because I have to like flail around every time. Right. So apparently now we'll never have to
go into settings again. And we can ask you just to dark theme right there. Just I didn't know there
was. We're dropping a PDF into the chat tool and it is summarizing the PDF.
First with all of your apps. So somehow you're going to be able to like
start a Spotify playlist from the chat. Chill vibes. Stay in your flow and get creative.
Now we're doing some graphic design here. And we are asking it to send the graphic design to
our team in Microsoft Teams. And it's doing it without us having to open the app.
And everybody's very excited about it. Everyone uses a lot of emojis in these videos.
They sure do. Yeah. They're really good at it. I don't know how people type emojis so fast. Like I
always have to like open up a little search and I don't know. I need to figure that out. Anyway.
So if I quickly just summarize this quick four weeks ago, five weeks ago, six weeks ago,
whenever it was, we talked about co-pilot Microsoft showed all this stuff to our office 365.
Now co-pilot's going to be just part of Windows.
Yeah. So as they kept talking during the conference, I was like, wait a second. Co-pilot is just
what they're calling the functionality that's going to be the AI functionality that's going to be
in all of their products. So and obviously all of this AI functionality is going to work
differently for each product. So like Windows, what we saw was it was pulling up that Spotify
playlist. It was able to access all of your documents that live in your file explorer.
It was, you know, it's able to bounce around between your different apps. And so that's kind of
how you work with your Windows environment in office 365. It's like I thought this presentation
where this woman was in team's chat called up the co-pilot, asked it to pull all of the emails
related to a specific topic, summarize it for her. Go grab the documents around that project.
And then create a response to an email based on what all the stuff that she saw there.
And it did. And that was all she had. It was all in team's chat. Never had to leave team's chat.
So it's pulling the image from out. Imagine like with our clients and our client like the amount
of data we receive for a client and how like our clients receive so many disparate pieces of data
that all deal with different things. And if a client asks us a question, we have to go down the
rabbit hole of which folder is it in? What, you know, what are all of the things attached to it?
Do we capture everything? Where now co-pilot is just going to do that? What am I going to do with my
time? I don't understand this. Yeah, because it's a lot of it's at wasted time, right? You're hunting,
hunting, hunting, hunting, hunting, hunting. You find all and you get to open them up. And then
a lot of times it's like, you know, there's an email where the specific thing was said,
you need to go site it or grab it. And that takes you, though, that's the one that you always
can never find. The important one. Yeah, you just searched for it in like 800 emails come up.
You're like, was it, was it May? Was it January? I know we talked about this. And the other thing is
too is that there is that moment where you have to remember everything that happened
around that particular conversation, synthesize everything you're reading in order to answer a quick
question. And that makes those quick questions. I mean, what quick question is out there?
Really, especially with the complexity of what we're dealing with now. I don't think there's
any quick questions other than what is my middle name, right? It's everything is getting so much
more complicated. We get so much, so much data. So the idea that our, like, our client's
perception of what a quick question is is now going to actually be a quick question for us?
That's so exciting. Yeah. I'm thinking back to my time as a manager and public. And my biggest
challenge was probably just keeping tabs on all of my clients. And so I had to take really good
notes every time I had a meeting, every time an email came in, I'd have, I had like a client notes
in one note. I had a folder or a page for each client and I'd try to keep track of them that way.
But this could, this could do that for me, which would just save so much time because I didn't
always make good notes, right? Like, to be honest, I didn't always write everything down. So,
right? Yeah. Well, with the new, so there's, there's the new teams coming out because one thing I
hear consistently about teams is how much everyone hates it. And from what I understand, that's a
function of the fact that it was never built to support as many people as it had to support
during during the pandemic, like suddenly everyone shifted to using teams and I'm like, oh, goodness,
okay, let's, let's get these folks supported. And so it wasn't really meant to do that. They had to
kind of merge to, to software platforms or see, this is why you take me to a developer conference.
I'm only half helpful. But, um, and so there's a new teams coming out that is in preview. I think
right now that fixes those problems of being slow and clunky. And then also when you are in a
teams meeting, you can record the transcript. You can do that already, but you can have co-pilot
in your transcript and talk to it about what's just happened or have it tell you how folks are
feeling based on their, what they're saying or what's what's the temperature of the, of the meeting
or the one the example I loved was if you show up late to a meeting, you can have it tell you
everything that you missed and if somebody mentioned you. So soon your transcripts are actually
going to be useful because you can have them summarize and all of the like data points pulled out
instead of, um, instead of just like, that's great. I have a transcript. I'll never look at that
again. Good one. He's the opposite. Like instead of making a summary of the meeting,
I'm going to give my two or three things I want to say in the meeting and just have chat
GPT attend the meeting for me and when they call on me, it just responds and then you don't ever
attend the meeting. I don't hate that. I hate that. This is good news because I saw a report from
Microsoft that the number one killer productivity in companies is drum roll. No surprise actually,
it's just people spending an entire day a week in meetings. Close to eight hours an entire week
day each week in online meetings. Inefficient meetings are the number one workplace distraction
that hurts productivity followed closely by having too many meetings. That was from a Microsoft
survey of 31,000 workers across the globe. Nearly two and three people, regardless of whether they are
working remotely in person or on a hybrid schedule, say they struggle with having the time and
energy to do their job because of meetings and email bloat. So if AI can summarize meetings for us,
so we don't have to attend them. If it can summarize email threads, so we don't have to read them,
then that's going to really help us as knowledge workers.
And they also listed the data. That's the same article. They looked at the actual data they had
of trillions of minutes. They've been tracking people doing different things. But my takeaway from
this article, Blake, is like, and actually you could help with this too. In general, everybody's
really hard on themselves. We just beat ourselves up and there's all these books like Deep Work and
all this stuff. And like, there's this pressure of like, oh man, I have to optimize my whole
schedule so I can get 40 hours of Deep Work in a week. Because if I don't, I'm useless or you beat
yourself up. And so it's really this an issue at all. Like, should we just really reframe like,
hey, and the reality of the working world, if you get four hours of Deep Work a week, that's a home run.
And that's just the, that's just the environment we are. Like, instead of creating this undue pressure,
because even articles like this, it just creates more pressure. Like, you're, you're, you're not
worthy, right? You're not doing enough Deep Work. Right. I think it's really interesting that we have
this idea that a human brain can operate for 40 hours a week at its optimal level. The whole 40
hour a week work week thing. And I might be incorrect on this, but I believe stemmed from
limiting the number of hours that factory workers were required to work because they were working
in like just 12 to 14 hours a day. And so 40 hours a week, right, was, was the like,
concession for factory workers, physical labor. But the human brain isn't, isn't capable of
doing really smart things for 40 hours a week. You're going to get a good three to four hours of
brilliance out of it a day. And then the rest of it is just kind of churning along.
So kind of one of the exciting, like, I really hope when this technology comes out, our first impulse
isn't to do more work. Like, oh, look, it's done everything for us. So therefore, we're going to add
100% more of what we do. I'm hoping that we can start discussing, okay, this does a lot of work.
Now we're going to kind of respect the human brain, Michael, and give folks the space that they
need to do the deep work. And then the space that they need to do creative work. And yeah,
do people stuff? Most of the work we do these days, like right now, is not deep work. It's
not creative work. It doesn't take a lot of brain power. It's just a lot of clicking and moving
stuff around and collecting documents and replying to emails. It's really, it's stuff that other
people could do, but we don't have those other people to do it. Well, and it does take up brain
power, though, right? It takes up our valuable brain power to go out and hunt for documents,
read through them all again, make sure we have everything synthesize it and then create output.
That takes up valuable brain power that could be doing things that are actually value add.
So you're out there. You're doing stuff with chat GPT. You know, we've got other folks
putting out prompts and showing us what we can do. But, you know, the number of accountants,
the percentage of accounts that are actually like taking advantage of this,
it's got to be really, really small right now, right? I mean, so it's going to take building this
into products like Microsoft and in our practice management software, our tax software to actually,
you know, get those big productivity boosts that we're looking for. Quick books coming there.
You know, so then I think, okay, well, knowing the pace of change in the world of accounting and
tax software, especially in tax, especially in audit, it's going to take a while, right? And
that's kind of disappointing. But actually, I was talking to you a couple weeks ago and you were
talking about how with Microsoft's suite, there are products in there where we could actually start
building this in our practices today. Yeah. Oh, that's very exciting. Yes. So there's actually
a couple of options. And one of them is, and it's very exciting because they did all of these
announcements at the conference. And one whole section of it was the Power Platform. And
the Power Platform is kind of a funny name. And it's kind of a dorky name. I'm going to be honest
with you. Like you're like, what is a Power Platform? Sounds very 90s, right? We've got the power.
We got the power. But it's, it's the series of, this is a suite of tools that,
yeah, pulls in the, the low code. So if you're familiar with Zapier,
you have like a power, you have Power Automate, which is like all Microsoft products,
it's way more robust than a Zapier. So yes, it will move, move things from point A to point B.
But it will then allow you to completely transform what's, what's in that point A to point B. So
in our cases, we have so many repetitive tasks that can be automated. We just need to learn how to,
we just need to build processes, right? We're so bad at building processes for ourselves.
So if we build processes that, for these things that we do repetitively,
we can automate it. And one of the things that I, like one of the number one things that I tell people
is that think about the thing that takes the most time out of your practice. One of those things
is engagement letters. Imagine if you could automate creating engagement letters. How much better
would your life be? Probably all the better, right? Someone was saying it took, I don't know,
it was like a hundred hours for their admin to do all of their engagement letters. Oh, yeah.
I'm pretty sure their admin had other things to do during that time period. So you can absolutely
automate engagement letters using Power Automate. And at the conference, they announce that co-pilot
is going to be in Power Automate. So it's in preview right now. And before Power Automate had
this describe to design feature, which is basically tell it what you want. And it will try to
figure out what you're, what you're, what you're getting at. And now they have that plus once your,
once your flow is designed, you can have like a chat GPT sort of interface kind of add things to
it and explain to you what your flow is supposed to do. So it's Power Automate something that if I
just, if I have a subscription to Microsoft 365, I get that as part of it. Yeah. If you want the
premium connectors, it's $15 a month. And then if you want the robotic process automation,
that's $45 a month. Okay. So for my whole org or for like per user?
Per user, but not everybody has to use it. Like in my, I mean, I'm the only one who puts these
sorts of things into my, my goodie basket when I'm adding these to my, because I'm the only one
who uses it. So you can, you can choose it on a person by person basis and $15 a month for like
all of the connectors you get access to plus the fact that it will modify your data in between
and bring in data from other sources. So actually, where's it at on the consistency?
And this is where the problem I'm having with with chat GPT type AI tools is I'll do something five
times a row and also like the sixth time. It's so, I'm like, it's a bizarre world where it got
that from. So I'm thinking like if you have to do 100 engagement letters, how does every letter
like come out the same? And you know what I mean? Where it's not like, all of a sudden it just
changed the tone and it created these new sentences. And it's like, why did you just
impulsively do that? Because I know it's just rolling a dice and predicting what to do first,
but how do you control that variability that you see so much right now with this stuff?
That's actually the great thing. So like when I talk about this stuff, I like to separate out using
AI generative AI versus when would you use an automation? Because the automation, you want to
automate things that you want it to be the same every single time. Because the
variability and randomness is built into the GPT4 engine. So when we talk about chat GPT,
it's sitting on top of the GPT4 engine. And one of the things that they really like about it is
that it is random and has a level of entropy. In fact, one of the presenters was kind of lamenting
that the GPT4 engine lost some of its entropy during the training. I was like, oh no, no,
we're fine with that. We're fine with it losing entropy. So when you think about generative AI,
you're thinking instead of it being like a robot assembly line, you're thinking about it in the
sense of an intern. So someone to help you. But if you want an assembly line, you build an
automation in power automate instead. Yeah, because I feel like the intern analogy right now feels
like I have a new intern every two days. And it's like when really an intern, you're going to work
with them. And then you're going to say, then tomorrow, they're going to kind of remember the way
you asked them to do it the day before. And they might still make new mistakes. But it gets tighter
and tighter and tighter. And that's that. That's what I'm looking for is how does it? How do these
models start storing our own personal data? Like, how do we? How do we hook it up to our data on
the back end? And I just feel like Microsoft's hinting at this, like, oh, there's going to be $200
a month. You can buy us. You can get some level with a juror, some level of a chat GPT type
product or co-pilot that connects to your data on your back end so you can almost train it.
Right? You could feel safe putting a credit card number in so we can book your flight, right?
That type of stuff. Yeah, they did more than hints at it at the build conference. So they
basically mapped out how co-pilot is connected to your data. It sits like it sits in your data,
has access to your data can do what you needed to do with your data. And this is a question that
came up several times. Co-pilot is the only thing that has access to your data. Microsoft isn't
using your data. Nobody is getting trained on this data. Like, their whole thing is we're not
we're not using your data for anything. Your data is your data and we're not touching it.
This co-pilot is your co-pilot working on your data. So like, give me an example of something
that like a solution you were trying to solve that your your intern just completely
messed it up after two days. Well, I mean, this is more chat GPT. I had it trained it so we could
stick plane flights into my calendar. I could give it or just paste in the dirty email from
Southwest and it would pump out ICS files from my calendar. And I trained it because I liked
that the little airplane emoji on the email, trained it all that. Then two days later it did not
do it anymore. Yeah. Yeah, that that sounds about right. Because it doesn't store anything.
It doesn't store any of my it doesn't actually learn from me. And I think that's the that's the
missing piece here. Yeah. So the thing I learned that I mean, and I would say that I've spent quite
a bit of time watching videos and reading articles. And the thing the new thing I learned about how
and maybe I already knows, but how chat GPT works is when you start every new prompt,
the model makes a decision about which rabbit hole to go down. It has, let's say,
three different options that it can choose and it judges which option is going to be the best option.
Based on the rabbit hole, it goes down, you could get any number of responses. But after a while,
it every time you put in a prompt, it takes everything that it's learned before and goes down
that same rabbit hole, right? It isn't choose new rabbit holes. It's just that same rabbit hole
every time. And every time you put in like, I'm going to travel here, I'm going to travel there.
It's going down that same rabbit hole, but it's starting to forget things because it only has
so much capacity. Yeah, because even if I came to keep the same chat open, right? I don't close
that chat session and I keep using that one. You're right. It doesn't remember from 48 hours ago.
Kind of. It's going to start dropping to like how how many tokens did you have in that chat? Do you
know? Tokens. Oh, no. Okay. So token, I know all of this language is so strange. It is so
white like why couldn't they call it a thing that we that makes sense? Okay. So tokens are
basically what I think of as the price that chat GPT pays for turning through your data.
And when we think about it in terms of like characters, like language, because these are language
models, so the number of words, the number of spaces, commas, everything, if you're a big comma
person that's going into your token limit, the you only get a finite amount of tokens and finite
amount of words into the model before it starts forgetting everything it told you before.
So I think it's like 3,000 to 3,500 words and it starts dropping off the end of the conversation.
And like losing its its track. And this is why prompt engineering is so important right now
because we have to put everything we want it to do in the prompt at the beginning and we need
to start new prompts. You know, before like David, you can't use the same chat over and over and
over again for this. Yeah, you have to make a new you basically have to create the perfect prompt
for it to make this ICS file and just do a new new chat every time. Yeah, because they kind of
different chats based on different buckets of the actions or the results I want in those chats,
but they kind of go stale. Now, it obviously takes money and power and compute resources to
work. Now, is this something actually that right now I'm paying the $20 a month plan?
Is this something that it's just like, oh, one day people have bigger plans where it can
remember for a longer amount? Is this a money resource thing or is it just like a technology?
Like, it just can't do it. Oh, it can do it. It can like you're like in the chat gpt, a gpt4 engine
has a larger token. I can't think of the word right now, but like you technically could
have the larger token library to send through it, but chat gpt has it limited to this 4,000,
3,500, 4,000 artificially. So if you want more tokens, you go over to the chat gpt playground,
which is about the time on a conversation, folks's eyes blaze over and they kind of, you're like,
yeah, I'm fine. I'll just start a new chat. So with Azure and co-pilot, is this going to
these limitations that I'm seeing right now? Is this something that Microsoft's since going to
use my data, it should start going away? Yeah, yeah. So it's your, oh, this is a whole thing. This
is the whole thing. Okay, so your data, having access to your data means that chat gpt doesn't need
to remember it anymore, right? When we think about chat gpt, it's super helpful to think about it
in terms of like mental memory. It's using its mental memory to remember all of these things,
and I don't know as you guys have gone to a conference and you're like, I'm going to learn
everything on day one and on day three, you're like, I don't remember my name. I don't remember
where I'm parked. So chat gpt is kind of the same thing where it has this mental memory, this
ability to store up to a certain amount of data and like send it through its model. But when we
have to add details to it, because it's general, right? That's the G. The G is general,
and then the P and the T are something else that I can never remember. So when we have to add
details to it, because it doesn't know us, it never met us, even though we spend maybe months and
months and months quality time with a, every time we open up a new chat, it doesn't know who we are.
So we have to put in a ton of information for it to give us what we want. That's not going to be
a problem and co-pilot, because the information is already there. It's already mapped for us.
Microsoft has their semantic indexing, which if you ask me what that was, I'd say I just know
the two words, and it looked really cool. And I can give you a video on it so you can watch it.
But basically, it's like going into our data and being like, this is related to that, and this
way is related to that, and this way. And so when we're working with co-pilot, it's not having to
remember everything. It's just going out to the maps that it made and pulling that data.
And then the other thing, the other cool thing that is going to be the icing on the cake with this
is bringing in plugins, which is another weird word that we're going to have to learn. But
plugins are like, okay, so let's say you had a new staff person, right? And you're like, here's your
desk. We're going to tell you nothing, and we're going to give you no tools. Good luck.
You know everything that you learned in college, and we're going to come over, and we're going to
shot questions that you occasionally sound good. That's kind of how a lot of people treat chat GPT.
And like an internist, I'm going to answer whatever you say, because I really want to answer your
question, not because it's scared, but because it's a robot, and that's what it does. So with plugins,
it's kind of the same thing as when we give our new staff a computer, or we give them,
like for me, I use checkpoints, so we give them checkpoint, or we give them a calculator,
because the math it does, and you know, everyone's like, chat GPT failed the CPA exam on 3.5,
and like, yeah, it can't do math. Chat GPT 4 can, but it's all once again, mental math. So
giving it a calculator is like giving your new staff a calculator. You're not asking them to do
all the mental math. And I just logged in a couple days ago, when I got back from my trip to
chat GPT, and I saw I have plugins now, so I connected Wolf, I connected Wolfram Alpha, I connected
Zapier, I connected Kayak, I haven't really played with it yet, but like I just tried asking
it to book a flight to Madrid for me, and now it's asking me all these questions, like the same
thing a personal assistant would ask, like, from where you're flying, when you need to get there,
do you have a preferred departure time, do you want one way, or do you want return, and it's going
to go out to Kayak's database now, and it's going to find me the flight that meets those conditions.
Yeah. And like, that's going to be mind blowing when that rolls out to more people, when more
people start being able to do that, especially with just in Windows, right, I need to book a flight,
just do it right there in the sidebar. Yeah, so that Spotify thing you saw, that was a plugin.
That was them bringing Spotify, and do you know who else has a plugin? Thompson Reuters.
Really? Thompson Reuters has a plugin. What does it connect to?
So I was super excited to see that plugin, I was like, oh my goodness, I will never have to go
out to checkpoint again, look at me, I will just do all of my tax memos in Word, and have it,
make it look nice, it connects to Westlaw, it connects to all of the lawyer stuff right now.
Of course, the attorneys get it first. They get it first. But the fact that Thompson Reuters did it,
that fact, and it means that we will in maybe three or four years get our own plugin.
Hopefully, hopefully not three or four years, hopefully three or four months, that would be,
yeah, that would be nice. So the thing that, like the way to think about plugins is that,
let's say we want to do everything, everything in just one space, let's say that we're like,
I never want to leave Teams chat again, this is my safe space. Plugins bring in that functionality
to where we are. So they're connected by APIs, and the plugin developers get to choose,
you know, as always, and an API for anyone listening, because I keep saying that word,
and I forget that just two months ago when someone said that word to me, I was like,
thank you, did I be offended? So an API is basically a software has a lot of doors into it,
that software providers permit certain actions to happen. And so if a software has an API,
that means that that particular software is going to let you do something with that data,
or with a functionality, not all of it. Software providers get to choose what they let you
have access to, but that's what these plugins are. They're like basically a road between
your robot who is sitting on your data, and all of the functionality of your outside vendors.
I'm bringing it into your space, and you'll never have to leave your house again.
Oh wait, no, I don't think that's actually what happens, but
well, if I can just chat chat with the AI and ask it to, you know, get my groceries and pick it
by laundry and then maybe go outside for you and get some sunshine. Yeah.
Solve my vitamin D deficiency. Absolutely. Yeah. Order. Order some vitamins.
Do you want to jump in in the earnings reports? Because in two, it's like they they they they all
all, you know, sage and into it. They both loosely talk about AI, but I think in two, it's got some
interesting marches there on and some of their, you know, you get into the conference calls.
That's probably good. Yeah. Well, because they're they're talking, I know they they're talking about
using AI and TurboTax, right, to automate more and more of the flow of that. And I sorry,
I just triggered Ashley with that term. You you did. Oh my goodness. You guys, can I say one
thing that I saw that like I I just knew that TurboTax is going to have it in there by the end
of the year. I just knew it. I feel it in my pinky toes. Yeah. Yeah. Go ahead. I was in I was in a
session on a Q and A for AI and a lot of folks are like, what about the destruction of the world?
What about, you know, our date of getting stolen? What about this? And what about that? And I was
Hey, you showed a you showed your forums recognizer. And it it looked like you were you did something
really cool there. Can it read tax documents? And this man got so excited. He was like, yes,
the can. And it's it's not just doing OCR now. It's DPT has eyeballed and it's reading tax
documents and extracting data that you just need to tell it what to go and get. It's it can do
for unstructured documents. Yeah. That's so that's great. Great news, right? I had a whole summer
plan to use AI builder to like train A by a builder on how to read 1099s to impress my friends,
but I guess I'll just use that instead. So I guess that that leads us to an interesting question,
which is is it worth even taking the time to try and build these bridge apps that will use GPT
to do this stuff? Or do we just wait until the AI builds it for us, right? And that's why I want
to talk to you about. I want to talk to you about the Microsoft stuff because with power automate,
with power apps, right, we could plug into GPT and we could start automating all this stuff,
but we're going to have to do a bunch of work to do it. But it seems like this AI stuff is
advancing so quickly that it might connect all of these rails for us in not too long. And then
I mean, you know, then we get into the whole philosophical argument of like, well, what will work be
when AI is doing most of the work for us and what will, you know, will the end of the will it be
the end of humanity? But, you know, I think that takes us a little out of scope. You wouldn't
raise at the end there. Yeah. Well, once you get an AI that can that can reprogram itself,
right, which is I think where we're headed, right? AI will improve itself. Is that, you know,
can it do that? It can write code. The interesting thing was and that, because like I said before,
remember when I said it goes down the rabbit hole, right? It goes down the rabbit hole and
if it goes down the rabbit hole, it's going to just continue going down that rabbit hole. It
doesn't have a way to go back. And so what I wrote down his name a whole bunch of times today,
and I can't remember. He was like a co-developer on a co-creator of opening AI.
What he said was that they're not there yet for the ability to for GPT-4 to go back and correct
itself. That's not a capability that it has and it would be it's kind of a leap to get there.
And there's some models trying to overcome that. Like the auto GPT stuff that I, you know,
that was supposed to overcome GPT-4s, like going down these rabbit holes, like it was supposed to
correct for it, but it's still very broken. Yeah, I thought it was still very broken.
It got it got a lot of attention on Twitter and people started doing it, but then like none of
them, none of them really worked, right? It always sort of spiraled into not protective
behavior. Yeah. So that's a good, I think that's actually good news, right? In some ways that
I think so. I think that it will give us time to redefine what what we think work is because
right now, like I said, work is defined by a very old idea that was a concession to working people
too much. Yeah. And the fact that like we're holding a large amount of knowledge workers to
that same standard that was created for like industrial workers, which probably was still maybe
too many hours a day on the on the body. Like I would love for us to have the time to redefine
what work is. And you know, the funny thing, okay, so is it okay if I respond to some of the comments
I've got that? Yeah, we've got a bunch of folks who have joined us in the live stream, we've got Sarah,
we've got Brian, Jennifer, Judy, thanks for joining us. So to answer your question about like why would
we want to jump in now versus later? And and the the whole the the idea of ROI comes up as well.
And so I wrote a I wrote a blog post in my my kitchen table automations,
news letter, which Winston has like, this is such a good idea to start. I'm just going to do it.
And now I'm like, oh, I'm going to do this forever. Okay, great. And what the post was about was
asking chat GPT. It was this fictional like new staff person who wanted to ask chat GPT how to save
the company money. And depending on the adjectives that you use, you get different responses, right?
So it was really fascinating because chat GPT was able to generate all of these really great ideas
to save the company money. And then in the last the last prompt was how do like what ideas can I bring
to my boss as a new staff to save the company money? That makes me look good. And it came with
a whole bunch of different responses, but that this young person, this new staff could do to improve
like the company's bottom line or the company's profitability. So I think when we think about ROI,
we're thinking about it in like the really big like heavy lifting sense of, oh my goodness,
I'm going to have to become an AI engineer and learn all of these things. But there are so
many tiny things we can do right now to incorporate this into our practices. And once again,
going back to my the whole like there's going to be a difference between what AI is going to do
and there's going to be things that you need to automate. So if the question is,
you know, where should I focus first? I would say learn the basics of how to talk to the robot
because prompting is so much like prompting is so much different than a Google search query.
Like we're having to re-learn how to ask questions rather than just a Google search query which
like pulls up everything under the sun. So like learning how to prompt is going to be an important
skill because we are soon going to be prompting everything. But you know, once you get that under
your belt, if you're not interested in creating like these bots, like I've been talking about
that break things down, that's fine. You don't need to. But you could also use it to help you
learn your things. You can use it to help you identify areas of improvement. You can use it
for so many different applications. Every app in your tech stack that you're currently using in
your firm and with your clients will have a chat GPT AI component prompt of some type. They'll
be doing some piece of the workflow in that app through AI. So this is inevitable. Like I remember,
it is coming. We already, I mean, we've already talked about some high-level ones. These apps that
send emails are all kind of adding it. We talk about Canapy and Pra, Client Hub. It's like the task
list. It'll create the task you need. Like it's here. So like if you're thinking about like, why should
I jump in? You're right. You could just sit on a side line too because it's just going to show up
and all your apps you're using. And hopefully if the apps do it right, you shouldn't have
need this expertise of prompts. The app should be able to build a layer in between, right? And to
where you have to do less, where it is just that magical light bulb, but you hit it and then it
does all the work for you, right? But the real thing, I think the learning and that's why
experimenting is important is understanding the limitations because if you just pay, I hit the
magical light bulb and it made it did something for me. Like you're, you need to get to that point
where you're like, okay, I know I have to check it. I don't even know where I saw this. I think it was
blinking out on who tweeted. It was on Twitter. Like somebody thought it was like, really you're
turning into like a traffic cop for AI, right? You're, you're like, okay, that's okay. Let it
through. That one's not okay. Like go back, try again. And that's the skill set you need to have,
right? Is that interpretation skill set?
So before, before we go any farther, Ashley, I want to give you a chance to talk about your newsletter.
You have a newsletter you started on Substack kitchen table. I did. Oh my goodness. Yeah. So I,
I was, this was, this is this is a shout out to Jason Statz. He had a daily, a daily show about
just starting stuff, starting, creating content. And I'm like, I talk all the time on Twitter.
Why don't I just make a newsletter? So I can talk all the time in a newsletter.
And it's free. And the whole idea around this newsletter is that a lot of this technology is
kind of big and scary. And we're hearing a ton about it. And we don't know if it's applicable
to us. So let's make it simple. Let's make it easy. Let's make it not scary. I'm not talking about
anything like super wild. I'm not like the first section is like chat GPT. The first section is
chat GPT. And then I talk about like a Microsoft app because if you pay for Microsoft 365, you get
probably between 100 and 3 million apps that you've never used before. Every time I go in there,
I feel like I'm like, Oh, I've never seen or heard of this app before. What does it do?
So I talk about like a Microsoft app that you can use. And then the last section is about
using Power Automate, but not in like the scary, you're a technical person. And you have, you love
to use Excel macros. It's more like you want to use it because it's going to make your life easier.
What do you need to know? And so yeah, it's the whole point of it is just to make it really
tech friendly and or really, really friendly for accountants and tax professionals and even
financial planners because I feel like we get bombarded with all of this like crazy tech stuff.
And it doesn't need to be scary. I mean, we have learned really hard stuff. In our profession,
we have probably the worst software to learn and then learn the work around. And then we have
like the technical stuff, like the the tax and accounting technical stuff. We have the capability
of learning these things. It's just the way that it comes to us doesn't make any sense in our
vernacular. So that's the goal of the newsletters, just to help folks get comfortable.
You've also got some courses? I did. This is another thing that I was like, I don't think anybody's
going to sign up for this. I didn't think so. So this one of the things that kept seeing over and
over again was like, I don't have time to go down this rabbit hole. I don't have time to learn
about prompting. And I'm like, oh, no, we don't have time not to learn about prompting.
Because there are ways to, well, for one thing, I don't know if anybody knows this, but nobody
actually knows how to prompt chat GPT effectively. There's like studies that come out about,
okay, so we found a new way to get a better response from the robot. Like they made this thing
and it didn't come with an instruction manual. So the idea of this class is like it is basically,
you don't have to go down a rabbit hole. I'm going to lead you down this nice well manicured path
that is going to take you less than five minutes a day. It's just 30 days of tiny prompts
take you less than five minutes a day. And by the end of it, you will feel very comfortable
with just the basics of a good, solid prompt. And like how you can, different ways you can use
chat GPT to make your life better easier. Like that's what we're here for, right? If it wasn't
making our lives better, we wouldn't use it. Well, I like the five minutes a day thing. That's
that's really good. Everyone's so busy. My key takeaway is just from talking everybody who's
doing anything with AI is just it's almost like everything in life. Just start learning about it.
And it doesn't have to be overwhelming. It can just be a little bit every day. Just, you know,
sign up, start using it. And and you'll be ahead of 98% of the profession, right? That is not
doing anything that is just sitting back and and waiting. I agree. Yeah. And it doesn't mean that
you have to like go and like like nobody that I know of has actually like built any of this into
their standard processes in their firm yet, right? This is not like like deeply and nobody is doing
that yet. But if we're learning about it, then we can, you know, when these tools become available,
we can start doing that. And we'll be ahead of the the herd. Yeah. I also think that we're going
to be seeing a lot of like AI flavored air flavored software coming out like my, my, my software has
now this flavor of AI and my software has a hundred percent more AI and every bite. And unless you
know or unless you're comfortable with what sort of AI is actually impressive and what sort of AI
is like, Oh, okay. Well, thanks for putting that in there. But your software isn't enhanced by
that AI. So I'm not really going to get excited about that. I think that's like just kind of
getting in and learning about it is a way to figure out. Okay. So should I be impressed? Or is this
just something that they added because they wanted to put AI on there? The marketing marketing
feature, you know, not the actual productivity feature. Organic free range AI that has never,
that has never been outside of its like AI home and cage free, everything like that. Yeah.
The thing I was surprised about with this class, it's so that first class, the June class,
it is asynchronous, right? The idea is like, you're going to get a video from me at the beginning
of the week, but that's the only time you see my face because I'm not the star of this show.
You're going to get, every day you're just going to get a little tiny exercise,
easy to do less than five minutes that will help kind of hold your hand in like playing with AI.
And then if you're over overzealous and ambitious and you love extra cut it,
there will be weekly exercises that will like take you a little bit more down the rabbit hole,
but not, not into the, I mean, you're not going to be building a bot, like a auto,
auto bot, auto DPT bot from this. We're not, we're not automating our jobs yet.
We're not, yeah, this is not the class for that. So that class, I was so surprised. It filled up.
Um, that's great. Because I wanted to limit it to a hundred people so that,
because I want people to get in the comments and share what they learned, because I think it is,
like, once you get into using how GPT properly, it is incredible. Like, you're like, why does this
exist? How is it possible? Kill it with fire, things like that, like all of the responses.
And so I want people to share and, and, and help others, like, come up with more ideas,
right? So I was so surprised. It filled up. So I have a July class now if, if folks want to sign up
and, uh, yeah, it's amazing. I don't think we mentioned the URL. Where should people go
for both your newsletter and the class? Is there one place they can go? I wish.
Well, you've got kitchen table automations.com. Kitchen table, yes, kitchen table automations.substac.com
for the newsletter. Got it. And then kitchen table automations.thinkific.hti in kif ic.com. I
keep calling it ThinkRific. And that is not the name is thinkific. Thank you for the links in
the show. No, it's too many. Yeah. I'm, I'm, I'm so excited though for folks to
just start getting in and, and playing around with it because I think once they get in there
and they start seeing what it can do, if you think about our profession and this, how many barriers
we have to actually providing client service, we have so many things in the way that get between
us and our clients. Like, bad data, we have too many emails, we have all of our data is siloed,
we have, you know, everything is coming in from different places. The touch of PT is only, only
the beginning. And it's going to, it's going to, like, all of the complexity in the world, all of
just millions and millions of pieces of data that have been created because the internet was
created. We're going to have some a barrier in between us and all of that data that's going to
quiet down the noise, simplify it for us. And also as an added bonus, do stuff. Do you stuff? We
don't want to do because it's repetitive and boring. And here's an example. While David was
talking and I wasn't listening to him, I asked Chad G. B. T to book me a flight on kayak or find
me some flights on kayak. It asked me all these questions. I said, I gave it a tough one. I said,
I need to go to Madrid on Monday, you know, find me some flights. It asked me seven questions. I
replied. And then it gave me four different options with the price, with the return, how many stops,
all that. Like just right then and there. That easy. Just using the plugins. Yeah. And if you go
to the search right now, so here's here, Microsoft wrecked my day because my class was like, we're
going to do it's week one. We're just learning the framework for a good prompt, which I know sounds
like, oh, that's that's going to take a whole week. Yes. Because a good prompt has certain aspects
to it. Week two was going to be adding in flavor and ways to enhance your prompt to make it even
better. Week three, we were going to go over to being AI and show what you can do with like pulling
data from web sources. And week four was like is, you know, actually using it in your real life,
right? But at the at the conference, they're like, and now we being AI is going to be the search
feature for chat GPT4. And soon it will come down to chat GPT 3.5. And I was like, no, you didn't
you didn't just do that to my like, what are you doing? It's all changing so fast. That's
that's the thing. It's not so about all this. Like I feel like, you know, when David and I started
this show, what was it, you know, five, six years ago, David, you know, the developments in cloud
based accounting were coming in hot and fast. But it took years. And now we're we're seeing the same
pace in months. It's it's not comfortable. It's very uncomfortable. Like someone who's trying to
keep ahead of it. It's uncomfortable. I tuned out for a couple of weeks. I come back and it's
all different, you know, like that's that's going to be the big challenge for us as professionals
is just yeah, dealing with this pace of change. So thank you, Ashley, for being out there and
putting this information out there and helping us understand what's going on. Yeah, I think
the nice thing is it's like as professionals, we really only have to worry about specific things.
Right. Our number one thing we have to worry about is security. And then everything else, at
least that's how I feel about it. Like everything else falls out of that. So all of these like
auto GPTs and like GPTs that'll drive your car and GPTs that'll do your laundry as a professional
first I look at security and then I look at everything else. Does it make my life better? Does it
solve a problem I have? We have so many problems that we can solve while we're waiting for other
people to solve other problems that it feels like we could probably just play around and come up
with cool things that make our lives easier. And if someone then comes along and makes a similar
cool thing, that's great. And then we know how to use it. And then we know how to use it and whether
we should be impressed or not. Right. That's the other thing. Should we be impressed or not?
Well, Ashley, it's been so great talking to you. David, I think you have something.
Yeah, as you say, we're turning up in the hour, but we're going to have to go a long way.
Well, there's just news we got to talk about. We'll just have to do a double episode this week.
So let's you and me figure out when we'll do that. We'll do a news episode. It was great talking to you,
Ashley. I'm so sorry, David, for taking up all your time. No, no, no, no, no, no, no, no, no.
If you're excited, I'm talking about this. We've done this before where we have a guest on
and we just like, we can't stop talking about the thing that you're here to talk about. And I'm
so glad we got to delve deep into it with you. People should follow Ashley at Seattle underscore
tax. You can follow me. I'm at Blake T. Oliver. How about you, David? Just on all the socials at David
Liri, two of the things to plug. So we are going to be doing a session at AICPA Engage on Monday, June
5th at 7 a.m. So if you're going to, I guess it's AICPA CIMA, right? It's AICPA hyphen CIMA.com now.
So we're doing a session with ShareFile. The session's called Elvate and modernize your client
experience presented by ShareFile. And then if I'm interested in correctly, actually, you're
speaking at Engage 2023 as well. I am. I guess we're the Monday crew. I'm going to be speaking at,
I think it's one, one 30. I should have, I should have just enough. I'm just going to show up when I
show up. But it's called Navigating Uncharted Opportunities. It's going to be a session on AI
and personal financial planning. Can we swap with you? Because we're on at 7 a.m. So.
I, I'd be, I, I love been awake for hours by that point. I don't know your topic very well,
but I'm sure that I can muddle through. Well, I look forward to meeting you in person at Engage
and we got to, we got to figure that out. Yeah, for sure. And I think I was going to come by your
booth for your millionth episode. So then I can borrow your equipment to do my, one of my trainings.
You should. Sometimes it feels like a million episodes, but it's a million downloads. It's
a lot. Yeah, but that's so pretty cool. So yeah, Monday evening, if you're at Engage 2023,
swing by. We are going to do a little some cake in a toast, hopefully. So,
bringing our millions download were in the quick fee booth and track us down.
Cool. Thanks everyone who joined us live today. As always, you can tune in.
Subscribe to Cloud Accounting Podcasts on YouTube, and you'll get notified when we go live.
And we love to chat with you all. Actually, we'll see you pretty soon.
Yeah, thanks guys.