New Delhi: PwC will invest $1 billion over the next three years to expand and scale its artificial intelligence (AI) offerings. The investment will focus on generative AI, which is expected to transform the way PwC works and enable it to help clients in reinventing their businesses and delivering better outcomes by generating richer insights, driving more productivity, and developing new products and services.
“We are excited that PwC will utilize Azure OpenAI Service to transform the way they work, and to deliver innovative customer solutions that take advantage of the world’s most advanced AI models, backed by Azure’s trusted enterprise-grade capabilities and AI-optimized infrastructure,” said Eric Boyd, Corporate Vice President, AI Platform, Microsoft. “Our collaboration with PwC and OpenAI will be a game-changer that opens the floodgates for businesses to experience generative AI applications in a safe and secure manner.”
The investment includes an industry-leading relationship with Microsoft, creating scalable offerings using OpenAI’s GPT-4 and ChatGPT and Microsoft’s Azure OpenAI Service, added the statement from PwC. This will allow PwC to leverage the power of generative AI and transform the way it works while harnessing the technology to support clients in achieving their goals.
The company has issued a statement saying it has already started implementing capabilities within Azure OpenAI Service for clients in various industries, including insurance, aviation, and healthcare, among others. These solutions have successfully enabled clients to save time and costs while helping accelerate revenue. PwC will also upskill its 65,000 employees on artificial intelligence tools and capabilities to work faster and smarter, grow their careers, and advise clients on the benefits of AI as well as other transformative technologies.
