Blake and David discuss the SEC charging Trump's former audit firm with massive fraud, the concerning situation of many small US banks due to commercial real estate loan exposure, and the potential of AI tools like Claude and ChatGPT to automate various accounting and business tasks. They also touch on the controversial Corporate Transparency Act's beneficial ownership reporting requirements and the possibility of its repeal. Wrapping things up, they touch on some fintech and crypto news, including Mercury Bank's rapid growth and potential regulatory issues.
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2 май 2024