The current state of artificial intelligence — with Kristian Kabashi

Numarics is proud to be at the forefront of using artificial intelligence (AI) to provide innovative financial management solutions. Our company has its own data science team and offers, among other things, automated accounting and document classification. We use APIs provided by Swiss offices to connect our engine with market data and thus create benchmarks for SMEs. These benchmarks are used to develop a predictive digital CFO who can tell companies exactly where they stand and where they can best grow or save to achieve the benchmark in their industry, based on their transaction patterns.

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What are the current limits of artificial “intelligence”?

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We believe that the current limits of artificial “intelligence” lie in its lack of imagination and creativity, which are essential for human innovation. AI works with so-called 'brute force' (translated: brute force), meaning it repeats what it has learned from its training data, documents and sentences. However, she is unable to come up with new ideas and is limited to the information she was trained with.

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Despite these limitations, we believe that AI has already achieved extremely high levels of performance and is rapidly evolving. We're at the start of an S-curve of innovation driven by technology titans like Google, IBM, Microsoft and others, who must now work to maintain their market position for the first time. The limits of AI lie not in its intelligence, but in the costs and computing power required to operate it.

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Are the fears that AI will overtake human intelligence overblown?

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We believe that fears that AI can surpass human intelligence are not entirely exaggerated. AI has already surpassed human intelligence in certain areas, such as writing texts. She has reached a level that is better than that of most people who write texts, even though she is not yet better than the best. But she is not far from surpassing even the best copywriters. We're just getting started with AI, and it's already amazing what it can do. It is only a matter of time before AI technologies reach a point where only a few geniuses can compete with them. However, there will always be areas where human intelligence will be superior, such as creativity, empathy, and complex problem solving. AI will help us automate repetitive tasks, free up time for more meaningful tasks, and give us resources to find what we're best at. We see AI as a powerful tool that can improve our skills and enable us to achieve things that were previously impossible. It is up to us to ensure that we use AI responsibly and ethically, taking advantage of its benefits while minimizing its risks.

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How can researchers develop general AI (“General AI”), and when will it happen?

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In our opinion, the main reason we don't have “General AI” yet is that we don't yet understand what consciousness is. As humans, we're still trying to understand the nature of consciousness. Currently, AI is based on mathematical models and is fed with knowledge to produce sophisticated results, but to create general AI, we would first need to understand the nature of the soul. We're made up of atoms, and yet we're alive. But what really makes us conscious beings is still a mystery. That is what we think will ultimately lead to the creation of general AI, even though it doesn't necessarily have to be developed by humans. It could also be created by a kind of coincidence. Ray Kurzweil calls this singularity. Currently, the most powerful computers in the world still work according to principles 1 and 0 and can only process information sequentially, in contrast to the human brain, which can process information simultaneously. The next frontier in this area is quantum computing, which works like the human brain. With advances in quantum computing and AI, general AI could be achieved fairly quickly.

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“AI multiplies the expertise of Swiss financial experts at Numarics”

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At Numarics, we firmly believe that humans can never be replaced by AI and neither will our company. Swiss financial experts, accountants and auditors solve the individual and highly complex challenges of our SME clients with a maximum of consultation time, as the paperwork is done by our machine. Your expertise is multiplied by AI, because once we've solved a task for an entrepreneur, we can use AI to develop the use case for other entrepreneurs who are facing a similar challenge.

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Making the old economy accessible to the financial industry

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We make high-end financial knowledge accessible to every solopreneur, startup, and medium-sized company by measuring it only with themselves and not with direct competitors. We take a fitness tracking approach, where you measure your weekly success and set goals for yourself to motivate yourself to improve your own financial health.

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Business growth through data-driven financial decision making

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At Numarics, we believe that financial health is critical to the success of any organization, big or small. Our goal is to give our customers the tools they need to monitor their financial progress, identify areas for improvement, and make data-based decisions that drive growth. By comparing their own performance with the past rather than with the competition, our customers are better able to make informed decisions and take actionable measures to improve their results. Imagine us being your AI Finance Officer helping you stay on track and achieve your business goals.

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