Subj : PwC is making a $1 billion bet on business AI
To   : All
From : TechnologyDaily
Date : Thu Apr 27 2023 10:45:03

PwC is making a $1 billion bet on business AI

Date:
Thu, 27 Apr 2023 09:32:08 +0000

Description:
A $1 billion AI investment over three years will see PwC work with Microsoft 
and OpenAI, while upskilling workers.

FULL STORY
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PricewaterhouseCoopers (PwC) has announced plans to invest $1 billion over 
the course of the next three years into artificial intelligence in an effort 
to help clients keep up to date with generative AI trends. 

As part of the investment, PwC will form a relationship with Microsoft that 
will enable the sharing of its Azure OpenAI Service, as well as OpenAIs GPT-4 
large language model (LLM). 

It is hoped that this will allow businesses to optimize productivity and get 
better insights, freeing up time to create and develop new products and 
services. Artificial intelligence investments 

Picking Microsoft as a partner was a strategic move by PwC that will see it 
benefit from Microsofts multibillion-dollar investments in OpenAI, the 
startup behind what many of us know now as ChatGPT. 

With the landscape quickly filling, including the (shaky) introduction of 
Googles Bard, an AWS platform to create AI tools, and even talks of Apple 
exploring generative AI, companies that fail to adapt quickly enough risk 
being left behind. Read more 

 > These are the best AI writers around 


 > Why clean data underpins all AI-enabled decision intelligence 


 > Amazon is the latest player in the generative AI game, but with a twist 

Already, PwC has supported industries like insurance, aviation, and 
healthcare by implementing Azure OpenAI Service capabilities, helping them to 
save costs. 

We are at a tipping point in business and society where AI will revolutionize 
how we work, live and interact at scale, said PwC US Consulting Solutions 
Co-Leader and Global Advisory Leader VP, Mohamed Kande. 

Kande continues to express PwCs commitment to responsible AI, aligning its 
beliefs and intentions to those of Microsoft which also outwardly expresses 
its commitment. 

In parallel with the investment, PwC has promised to upskill 65,000 US 
workers on AI tools and capabilities - a benefit to their careers and their 
workplaces. Check out the best online collaboration tools



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Link to news story:
https://www.techradar.com/news/pwc-is-making-a-dollar1-billion-bet-on-business
-ai


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