Understanding AI: A Game-Changer for Accounting and Tax Professionals What is AI? Artificial Intelligence (AI) refers to technology that enables machines to mimic human intelligence and decision-making by gathering and analyzing data. The more data AI is exposed to, the more "intelligent" it becomes, allowing it to make predictions, solve problems, and even generate new content. AI's ability to process large amounts of information quickly makes it a powerful tool in business, automating tasks that would normally require human intervention. In the workplace, AI enhances productivity by automating routine tasks, improving accuracy, and speeding up processes. When employees leverage AI, they can focus on more complex, strategic work, thereby improving overall efficiency. AI encompasses a broad range of technologies, such as machine learning (ML) , generative AI , and large language models (LLMs) , each playing a vital role in transforming industries. For accounting a