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The episode covers a major week in AI for accounting: Sequoia Capital published “Services the New Software,” arguing the next trillion-dollar companies will deliver outcomes (including closing the books) and naming accounting/audit as a disruption target, with a promised deeper breakdown and a free March 20 webinar. It then highlights Basis raising $100M at a $1.5B valuation as accounting’s first AI unicorn, describing its multi-agent workflow, reported 30% time savings at several firms, and dependence on OpenAI models amid over $200M in 2026 AI-accounting funding. The script also warns of volatile, fragmented AI regulation and government actions, citing the Pentagon’s Anthropic supply-chain-risk designation and 78 state AI chatbot bills. Finally, it notes OpenAI’s GPT‑5.4 launch with a million-token context window, native computer use, and lower pricing, plus quick hits on AI labor market coverage, software market cap declines, and training implications for accountants. 00:00 Quiet Week Gone Wild 00:36 Sequoia Targets Services 01:56 Webinar and Breakdown Invite 02:43 AI Accounting Unicorn Basis 04:46 Government Risk and Regulation 07:13 GPT 5.4 and Cheaper Frontier 08:19 Quick Hits Market Signals 09:21 Wrap Up and Next Steps