Pioneering AI in Law and Accounting

10/22/24 • 45 min

This week Isaac is joined by Noah Waisberg, founder of Kira Systems and Zuva, to discuss his journey from lawyer to AI entrepreneur. Noah shares insights on the evolution of contract analysis technology, from early machine learning approaches to today's large language models. The conversation explores the intersection of legal and accounting AI, delving into topics like structured information extraction from contracts, risk scoring, and the potential for AI to enhance pre-signature contract review processes. Noah also offers his perspective on the build vs. buy decision for AI tools in professional services firms.

(00:00) - Introduction and Guest Welcome
(00:45) - Noah Waisberg's Journey from Lawyer to AI Entrepreneur
(01:57) - Challenges and Successes in Building AI for Contract Review
(05:04) - Intersection of Legal and Accounting AI
(07:04) - Deep Dive into Contract Review Processes
(11:01) - Evolution of AI in Legal and Accounting Tech
(16:06) - Early Days of AI Contract Tech Industry
(18:57) - Teaching AI to Understand Contracts
(24:21) - Leveraging Open Source LLMs
(25:59) - Co mbining Old and New AI Technologies
(30:59) - The Importance of User Interface in AI
(34:16) - Build vs. Buy: AI Solutions for Companies
(40:24) - Exciting AI Applications in Legal and Accounting
(44:19) - Conclusion and Future Prospects

Learn more about Trullion
https://trullion.com
Learn more about Zuva
https://zuva.ai/Connect with Noah Waisberg
https://ca.linkedin.com/in/noahwaisberg
Buy Noah's Books
https://www.amazon.com/stores/author/B08QNG8B13

Connect with Isaac Heller
https://www.linkedin.com/in/isaacheller

Get NASBA Approved CPE or IRS Approved CE
Launch the course on Earmark to get free CPE/CE for listening to this episode.

Review
Leave a review on Apple Podcasts or Podchaser
Subscribe
Subscribe to the AI: Accounting Intelligence podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

(00:00) - Introduction and Guest Welcome
(00:45) - Noah Waisberg's Journey from Lawyer to AI Entrepreneur
(01:57) - Challenges and Successes in Building AI for Contract Review
(05:04) - Intersection of Legal and Accounting AI
(07:04) - Deep Dive into Contract Review Processes
(11:01) - Evolution of AI in Legal and Accounting Tech
(16:06) - Early Days of AI Contract Tech Industry
(18:57) - Teaching AI to Understand Contracts
(24:21) - Leveraging Open Source LLMs
(25:59) - Co mbining Old and New AI Technologies
(30:59) - The Importance of User Interface in AI
(34:16) - Build vs. Buy: AI Solutions for Companies
(40:24) - Exciting AI Applications in Legal and Accounting
(44:19) - Conclusion and Future Prospects

Connect with Isaac Heller
https://www.linkedin.com/in/isaacheller

Get NASBA Approved CPE or IRS Approved CE
Launch the course on Earmark to get free CPE/CE for listening to this episode.

Review
Leave a review on Apple Podcasts or Podchaser
Subscribe
Subscribe to the AI: Accounting Intelligence podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Previous Episode

Building Your Cloud-Based Audit Tech Stack

This bonus episode explores the evolving landscape of audit technology, focusing on the shift from all-in-one solutions to integrated, best-of-breed tech stacks. Industry experts discuss the key characteristics of modern audit tools, including cloud-based architecture, open APIs, and a commitment to continuous innovation. The conversation culminates in a practical demonstration of how point solutions can work together to automate traditionally manual audit processes, offering a glimpse into the future of efficient, data-driven auditing.

Learn more about Trullion
https://trullion.com

Jeff Gramlich
https://www.linkedin.com/in/jgramlichcpa
https://www.validis.com
Jeremy Smith
https://www.linkedin.com/in/jeremydeveresmith
https://www.suralink.com
Kevin Fulcer
https://www.linkedin.com/in/kevin-fulcer-09533420
https://www.bakertilly.com
Jordan Sklar
https://www.linkedin.com/in/jordan-sklar-a82996b0

Get NASBA Approved CPE or IRS Approved CE
Launch the course on Earmark to get free CPE/CE for listening to this episode.

Review
Leave a review on Apple Podcasts or Podchaser
Subscribe
Subscribe to the AI: Accounting Intelligence podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

Next Episode

The Future of Financial Truth

Kris Bennatti, CEO and co-founder of Hudson Labs, shares her journey from KPMG auditor to AI entrepreneur, including how her company accurately predicted financial risks at Supermicro. She discusses the evolving relationship between AI and accounting, arguing that while AI won't replace skilled accountants, it can dramatically improve how financial information is analyzed and consumed. The conversation explores the challenges of building an AI company in the financial sector, the impact of social media on business growth, and Hudson Labs' mission to transform how companies communicate with stakeholders.

(00:00) - Welcome to AI: Accounting Intelligence
(00:53) - Supermicro and AI-Driven Predictions
(08:37) - Entrepreneurial Journey and Background
(15:12) - AI in Accounting and Audit
(22:50) - Building a Brand and Social Media Strategy
(33:42) - Mission and Future of Hudson Labs
(40:24) - What Are You Doing with AI?
(44:31) - What's Next For Hudson Labs and Kris
(46:35) - Conclusion and Future Plans