PwC plans to invest $1 billion into AI thus making a bet on business AI. That being said, the partnership of AI with Microsoft could directly affect clients of PwC all over.
PwC Invest $1 Billion into AI
PriceWaterhouseCoopers just recently announced its plans to invest $1 billion in the next three years into AI in a bid to help clients keep up to date with everything generative AI trends.
And as part of the investment, the company will reportedly form a relationship with Microsoft that will allow the sharing of its Azure OpenAI Service, as well as the GPT-4 large language model of OpenAI. It is however hoped that this will let various businesses optimize productivity and then get better insights thus freeing up time to create as well as develop new products and services.
The Benefits of Partnering With Microsoft
Opting for Microsoft as a partner was a strategic move on the side of PwC that will get to see the company benefit from the multi-billion dollar investments in OpenAI by Microsoft, which is the company that many people know as ChatGPT.
And with the landscape filling up quickly, inclusive of the introduction of Google Bard which is quite shaky for now, an AWS platform to create AI tools, and there are even talks of Apple venturing into generative AI, companies that fail to quickly adapt to the moving train ill risk being left behind.
PwC’s Support For Other World Industries
PwC already has shown support for industries such as insurance, aviation, and healthcare simply by implementing Azure OpenAI service features thus helping them to save costs in the process.
“We are at a tipping point in business and society where AI will revolutionize how we work, live, and interact at scale,” PwC US consulting Solutions Co-Leader and Global Advisory Leader VP, Mohamed Kande, stated.
PwC’s Commitment to Responsible AI
The VP continues to express the commitment of PwC to responsible AI, thus aligning the company’s beliefs as well as intentions to those of Microsoft which outwardly also express its very own commitments.
PwC in parallel with the investment, has now promised to upskill 65,000 US workers on AI tools as well as capabilities which is a great benefit to their careers as well as workplaces.
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