PricewaterhouseCoopers (PwC) has announced a bold step forward in their commitment to AI services, a three-year, $1 billion investment. This ambitious expenditure will enable the company to leverage Microsoft’s Azure OpenAI Service, as well as GPT-4 large language model (LLM). In leveraging these powerful tools, PwC is expecting to provide clients better insights, increased productivity and enhanced operational capabilities, while freeing up valuable resources to develop new products and services.
By selecting Microsoft as their partner, PwC stands to benefit from the multibillion-dollar investments in OpenAI and associated advances in the field, such as ChatGPT. In an increasingly competitive environment, companies who fail to adapt quickly to emergent technologies risk being left behind.
PwC has already been using these AI tools to save costs for industries like aviation, healthcare and insurance. Its Global Advisory Leader VP and US Consulting Solutions Co-Leader, Mohamed Kande, described the importance of this shift, and his company’s commitment to responsible AI, as “we are at a tipping point in business and society where AI will revolutionize how we work, live and interact at scale.”
In addition, PwC has promised to upskill 65,000 US workers on the tools and capabilities of AI, with the aim to benefit the careers and workplaces of these professionals.
PricewaterhouseCoopers (PwC) is a global network of firms providing assurance, tax and consulting services. It is notable for its strong commitment to adapting to modern industries, and frequently making investments in developing technologies. As part of this approach, it has built a large network of relationships with clients across several continents, in various business sectors.
Mohamed Kande is a VP and Co-Leader at PwC US Consulting Solutions, and a Global Advisory Leader. He is focused on helping organizations align technology and business interests to increase performance. In addition, Kande has been working closely with PwC in their commitment to developing AI services and investing in technology.
