In this episode Glenn Hopper talks to the researcher responsible for the groundbreaking study which found that AI is better at conducting financial analysis than humans. Alex Kim, University of Chicago Booth School of Business, provides a full overview of his findings, methodology and the impact on FP&A, CFOs and finance from the attention-grabbing study “Financial Statement Analysis with Large Language Models”. The analysis, which made headlines across the world, found AI produces a 60% rate of accuracy in predictive financial performance. Human experts’ accuracy tends to fall between 53% and 57%.

In this episode Alex Kim reveals the implications for finance professionals:

• Alex’s finance background – from a Master’s degree in Business Administration to a Accounting and a dual Bachelor’s degree in Economics and Business Administration- to his doctoral and PHD career

Read the full paper here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4835311

Check out the analyzer for yourself here: https://chatgpt.com/g/g-9P3sIn487-financial-statement-analyzer

Follow Alex Kim on Linkedin Ph.D. Student at the University of Chicago: https://www.linkedin.com/in/alexgunwookim