Blake Oliver & David LearyNews

Episode Summary

Blake breaks down how AI can help with cost segregation and explains why AI currently works best on tasks that take humans 2-5 minutes. Michael Burry is betting against AI companies, claiming they're manipulating earnings by stretching server depreciation from 3-4 years to 5-6 years, adding billions to their bottom lines. Also covered: Intuit's $100 million annual OpenAI deal to integrate QuickBooks and TurboTax into ChatGPT, new bank evidence in the Rippling corporate espionage case, and a survey showing 10% of adults are acting on AI tax advice despite error rates up to 50%.Chapters(00:00) - Welcome to The Accounting Podcast (00:49) - Blake's Illness and Recovery (02:05) - Upcoming Topics (04:06) - Cost Segregation Explained (06:46) - AI in Cost Segregation (11:15) - AI's Current Capabilities and Limitations (19:10) - Intuit's OpenAI Deal (22:01) - Intuit's Strategy and Industry Implications (30:12) - Michael Burry's New Bet Against AI (31:21) - Depreciation and AI Companies (39:15) - Rippling vs. Deel: Corporate Espionage (42:44) - New Jersey's Alternative Pathways Bill (44:39) - AI's Role in Tax and Investing Advice (47:37) - Defining Audit Quality: PCOB's New Initiative (51:56) - FASB's Costly Lease Standard (56:13) - Ancient Accounting Systems in Peru (58:45) - Conclusion and Viewer Interaction  Show NotesAI Is Now a First Stop for Tax and Investing Questions - CPAs Need a Playbook Fasthttps://www.cpapracticeadvisor.com/2025/10/29/ai-is-now-a-first-stop-for-tax-and-investing-questions-cpas-need-a-playbook-fast/171939/ 19% lost $100 or more on bad AI financial advicehttps://www.accountingtoday.com/news/19-lost-100-or-more-on-bad-ai-financial-advice Intuit to pay OpenAI over $100 million for model access, ChatGPT integrates with TurboTaxhttps://www.cnbc.com/2025/11/18/intuit-pays-openai-100-million-turbotax-integrates-chatgpt.html Intuit Strikes $100M Deal to Bring TurboTax and QuickBooks Into ChatGPThttps://www.eweek.com/news/intuit-100m-chatgpt-deal/ Intuit signs $100M+ deal with OpenAI to bring its apps to ChatGPThttps://techcrunch.com/2025/11/18/intuit-signs-100m-deal-with-openai-to-bring-its-apps-to-chatgpt/ Intuit and OpenAI join forces on new AI-powered experienceshttps://openai.com/index/intuit-partnership/ 'Big Short' investor Michael Burry accuses AI hyperscalers of artificially boosting earningshttps://www.cnbc.com/2025/11/11/big-short-investor-michael-burry-accuses-ai-hyperscalers-of-artificially-boosting-earnings.html Michael Burry Hits Back At Critics: Accuses AI Companies Of 'Suspicious Revenue Recognition' And Depreciation Gimmicks: 'Fraud, Not A Flywheel'https://www.benzinga.com/mark
... Show More



    No results