For hire: AI chat-enabled CFOs? | CFO Brew (04/17/2023)

Photo by Nick Chong on Unsplash

A Denver-based software company called Sturppy released an AI tool called ChatCFO which can analyze and give advice using an organization’s financial data.

In a promotional video, ChatCFO was asked if the company could afford to hire an operations manager at $5,000 a month, and it immediately provided an analysis of how that hire would affect the company’s net income.

“It’s not quite a robot CFO yet. It’s probably not even a junior analyst yet,” Glen Hopper, author of Deep Finance: Corporate Finance in the Information Age, said. “But these are the seeds of what that will be.”