How AI Will Transform Accounting: A $100B Opportunity Explained

As you know, I am working on a financial platform to help CFOs and finance teams get the best out of AI. Today, Marc Andrusko and Seema Amble, partners at a16z, confirmed my hypotheses about how AI can create value for CFOs and finance teams.

Seventy-five percent of accountants are set to retire in the next 15 years, according to the American Institute of Certified Public Accountants. Who will fill these roles and how? In this discussion, a16z investors Seema Amble and Marc Andrusko explore the dramatic transformation of the accounting industry with host Michelle Kung. Despite being a $100+ billion market with over 3 million accounting professionals, the industry still runs on Reagan-era software. Today, the accounting industry remains slow to adopt AI, alluding to challenges and opportunities. This conversation explores why accounting is reaching an inflection point amidst labor shortages, increasing workloads, and new AI capabilities — and what this means for startup founders.