How the Singularity is Rushing in the Golden Age for CPAs

Abstract

We at American Professional Network (APN) consider the impact of the Singularity on the CPA profession. The Singularity is that point in time when all the advances in technology, particularly in artificial intelligence (AI), will lead to machines that are smarter than human beings. We credit Ray Kurzweil (American futurist and Director of Engineering at Google) with producing the seminal work on the Singularity in his groundbreaking book “The Singularity is Near: When Humans Transcend Biology” (2005). This book led to the founding of the Singularity University (SU) in Silicon Valley in 2008 by Kurzweil and Dr. Peter Diamandis. Fast forward to 2017...Kurzweil and SU have created an ecosystem all over the world that has provided a litany of definitions, books, training, guidance, etc. surrounding the concept of the Singularity. With this paper, we at APN are attempting to raise awareness in the CPA community about the Singularity, it’s impact on the accounting profession, and where the opportunities might lie. We have analyzed two reports issued by the AICPA (The CPA Vision Project [1996] and the Horizons 2025 report [2011]) and contrasted that information with opportunities provided by the Singularity.

The 6Ds
Lastly, we are focusing on the Chinese “Sputnik event” of March, 2016 to provide focus and clarity on a new subset of Artificial Intelligence (AI) called Deep Learning. We believe a subset of Deep Learning called British AlphaGoist which emphasizes a hybrid approach (AI = Deep Learning + Reinforcement Learning (RL)) represents the most disruptive exponential technology to date. The most successful creation to date is the Go playing system AlphaGo, created by Google. We believe that the paper released October 18, 2017 regarding AlphaGo Zero will go down as one of the most significant technological events in American history.