Pricing your CoPilot, and other tech stories you may have missed
Microsoft makes two moves in AI — which isn’t likely to replace financial advisors, we’re told — and seven other technology developments.
1. Microsoft to charge $30 a user for Copilot
Microsoft 365 Copilot?— described as “the power of next-generation AI” — is being offered to businesses at 30 bucks a month (Business Standard and Business Premium accounts). (Source:?Yahoo! News)
Why this is important for your firm and clients:?Here’s everything?you need to know?about Copilot. It’s going to have a big impact on your business and your clients.
2. AI unlikely to replace financial advisors
As speculation (and fear) continues to mount as to whether AI will obliterate numerous jobs done by humans, here’s one profession that might be AI-proof: financial advisor. Eric Revel of Fox Business delved into the role of financial advisors with respect to generative AI and cited commentary made by Danny Noonan of financial services firm?Morningstar. Noonan perceives AI’s role as more ancillary than essential. “Clients are kind of expecting a data-driven, hyper-personalized advice delivery ecosystem but still with a human connection … . There’s going to be a role for financial advisors in that context.” (Source:?Fox Business)
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Why this is important for your firm and clients:?The conclusion by Morningstar’s team members is that they don’t foresee AI taking over the most important aspect of their jobs: advising clients on life-preserving matters such as their financial security. Do you agree? AI isn’t going to replace the good financial advisors, it will only make them better.
3. Meta, Microsoft team up on AI for businesses
Meta and Microsoft are partnering on “Llama 2” — Meta’s AI language model. Developers will have free access to Llama 2 through Microsoft’s Azure cloud-computing platform. Llama 2 will be made available as “open source” technology. That decision has drawn some controversy as Meta has seemed to flip its position on restricting availability of its AI. “Open source drives innovation because it enables many more developers to build with new technology,” chief executive Mark Zuckerberg stated. (Source:?The Wall Street Journal)
Why this is important for your firm and clients:
(Read the full column in?Accounting Today)