IBL News | New York
Concerns such as data privacy, AI ‘hallucinations’, and lack of talent and governance have led enterprise companies to slowly adopt generative AI.
A KPMG survey of U.S. executives released last month found that 60% of respondents said they still have a year or two to go before deploying the first solution.
Regardless, an army of service providers is rallying to help companies implement generative AI, warning of the risks of falling behind their competitors.
Their pitch is based on harnessing the power of generative AI to breakthrough productivity and revolutionize the pace of business innovation.
Largest consulting firms such as Bain & Company, Deloitte, and PwC have partnered with OpenAI to build their own generative AI capabilities, advising clients on how to use generative AI and how to build tools.
Their belief is that before they can recommend the adoption and expansion of that technology, they must first do it themselves.
Meanwhile, OpenAI said it was working on a new ChatGPT Business subscription for professionals who need more control over their data, and businesses looking for end-user control.
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