Welcome to the Generative AI Report, a new feature here on insideBIGDATA with a special focus on all the new applications and integrations tied to generative AI technologies. We’ve been receiving so many cool news items relating to applications centered on large language models, we thought it would be a timely service for readers to start a new channel along these lines. The combination of a large language model, fine tuned on proprietary data equals an AI application, and this is what these innovative companies are creating. The field of AI is accelerating at such fast rate, we want to help our loyal global audience keep pace. Enjoy!
Pilot, the largest AI accounting company in the U.S., offering bookkeeping, taxes, and CFO services to over 1,700 businesses, announced the launch of Pilot GPT which is built on the latest generative AI technology from OpenAI to further improve the accuracy and quality of Pilot’s accounting services.
Pilot employs AI to equip its elite team of accounting experts and provide the most accurate books and useful business insights, bringing big company superpowers to small businesses and startups. By combining AI software with a team of trusted and experienced accountants, Pilot is helping its more than 1,700 high-growth startups customers scale and manage their back office with unprecedented financial intelligence.
Pilot GPT will further improve the accuracy and quality of Pilot’s accounting services and deliver value to customers. The generative AI technology from OpenAI integrated into Pilot GPT will allow Pilot to better serve small businesses and make informed decisions through AI analytics paired with the expertise of real accountants. By combining the best of human expertise and AI, accountants can provide services beyond the scale of traditional accounting firms.
For the last decade bookkeeping has remained stagnant as a manual, mundane job. Pilot is challenging the structures of a traditional accounting firm to transform and automate the industry, starting with small businesses. Through the continued incorporation of AI into Pilot’s services, tedious accounting work such as manual data entry is reduced, freeing up accountants to focus on high-level strategic management for customers.
Pilot co-founder Jeff Arnold led Operations at OpenAI prior to founding Pilot and the company has always taken a multi-pronged approach to AI. “Having leveraged AI technology at Pilot for over half a decade, we’re aware of the significant potential impact of AI. However, no single AI technology or model is a silver bullet for all use cases,” said Waseem Daher, co-founder and CEO of Pilot, “We’ve been thoughtful about how we integrate generative AI within our existing AI software stack to empower our staff to provide the best possible customer experience. Pilot enables businesses to make critical business decisions through the combined power of our AI analytics and our expert staff.”
Pilot GPT will become widely available this quarter for all Pilot customers. To find out more information about Pilot’s services please visit https://pilot.com/
About Pilot
Pilot launched in 2017 to bring the back office into the modern era. The company provides small businesses with dedicated finance experts—which Pilot hires as full-time, U.S.-based employees—who learn the ins-and-outs of their business. Pilot integrates directly with the billing, banking, expense and payroll systems customers already use. With a special blend of custom software and expert bookkeepers, Pilot delivers accurate, consistent bookkeeping that gives entrepreneurs the freedom to focus on their business, as well as an array of additional financial services.
Pilot was founded by Waseem Daher, CEO; Jeff Arnold, COO; and Jessica McKellar, CTO. Having met at MIT, Pilot is their third startup, after two successful exits. Pilot has over 1,000 customers and has raised about $120 million to date. Investors include Sequoia Capital, Index Ventures, Stripe and many world-class entrepreneurs, including Patrick and John Collison, Drew Houston, Diane Greene, Frederic Kerrest, Hans Robertson, Adam D’Angelo, Paul English, Howard Lerman, Joshua Reeves and Tien Tzuo.
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