Show Notes
Is AI really the next Google—or are investors repeating the last tech bubble? Blake and David dig into OpenAI’s legal win, the accounting mechanics behind soaring AI valuations, and why cloud credits and paper gains may be inflating the market. They also explore what could make AI tools actually sticky for businesses, from workflow automation to personal finance and small-business use cases, and what all of this means for accountants.
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Chapters (00:00) - TAP 488
(00:22) - Cash Flow Forecast Debate
(00:29) - Road Show Updates
(00:56) - Conference Rebrand News
(01:31) - Nasdaq AI Summit Preview
(04:29) - Livestream Check In
(05:14) - Musk vs OpenAI Ruling
(07:25) - AI Bubble Warning Signs
(10:47) - Roundtrip Accounting Explained
(15:38) - Paper Profits Hit Big Tech
(18:28) - Do AI Giants Have Moats
(27:15) - ChatGPT Personal Finance Push
(30:54) - Agentic App Platforms
(31:44) - Query Volume As Moat
(33:00) - Claude Small Business Suite
(35:20) - Cash Flow Forecast Debate
(37:02) - AI Tax Workbook Example
(41:03) - Personal Finance Is A Hobby
(44:14) - Synthetic And Bench Lessons
(47:16) - Why GLs Still Matter
(50:43) - Klarna Rehires Humans
(52:45) - Token Prices Will Rise
(54:07) - Wrap Up And Next Time
Show Notes Jury Dismisses Elon Musk's Lawsuit Against OpenAI Over Statute of Limitations https://www.technologyreview.com/2026/05/18/1137488/elon-musk-suit-openai-verdict/ OpenAI Closes $122 Billion Funding Round, Largest in Silicon Valley History https://siliconangle.com/2026/03/31/openai-just-closed-record-breaking-122b-funding-round-brings-value-852b/
Alphabet and Amazon Stakes in Anthropic Boost Profits by Billions https://www.bloomberg.com/news/articles/2025-10-31/alphabet-amazon-stakes-in-anthropic-boost-profit-by-billions
Half of Google's and Amazon's 'Blowout AI Profits' Came From a Stake in Anthropic https://fortune.com/2026/04/30/google-amazon-ai-profits-anthropic-stake-bubble-earnings-2026/
What Microsoft's 10-Q Says About OpenAI https://om.co/2026/05/01/what-microsofts-10-q-says-about-openai/
OpenAI Launches ChatGPT for Personal Finance, Will Let You Connect Bank Accounts https://techcrunch.com/2026/05/15/openai-launches-chatgpt-for-personal-finance-will-let-you-connect-bank-accounts/
Introducing Claude for Small Business https://www.anthropic.com/news/claude-for-small-business
Sasha Orloff (Puzzle) LinkedIn Post: Klarna, AI Agent Costs, and Accounting Quality Risk https://www.linkedin.com/in/sashaorloff
Klarna Reverses Course on AI Customer Support, Resumes Human Hiring https://www.customerexperiencedive.com/news/klarna-reinvests-human-talent-customer-service-AI-chatbot/747586/
Khosla Ventures Is Betting $10M on Ian Crosby, Whose Last Startup Bench Imploded https://techcrunch.com/2026/05/14/khosla-ventures-is-betting-10m-on-ian-crosby-whose-last-startup-bench-imploded/
How Intuit Plans to Ride Out the 'SaaS-pocalypse' (CFO Brew Interview with CTO Alex Balazs) https://www.cfobrew.com/stories/2026/04/14/intuit-cto-alex-balazs-saas-pocalypse Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com
Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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