AI Part 2
AI is a technology, hardware and energy tool, but foremost it is a geopolitical tool. We need to build our own AI brains and data pipelines. We may gain access to AI, but the risk is losing control over it and losing the ability to adapt it. India has to accelerate its sovereign intelligence because intelligence is becoming a resource for the modern economy. AI and cloud infrastructure businesses will sell access to AI computing power. AI solutions will allow companies to reduce AI costs. AI is not replacing the profession of Chartered Accountants, but it is redefining their work. Traditionally, much of a CA’s time has been devoted to reconciliation, tax and audit documentation. AI can very easily reduce the time and cost of this work, but professionals will still be needed for judgement. The future of CAs will not be defined by AI alone. It will be defined by how they use AI. Success will depend on combining financial expertise with technology. AI can identify anomalies, but it can...