PricewaterhouseCoopers (PwC) has announced plans to invest $1 billion in artificial intelligence over the next three years to help clients stay up to date on trends in generative AI.
As part of the investment, PwC will establish a relationship with Microsoft to enable the sharing of Azure OpenAI services and OpenAI’s GPT-4 Large Language Model (LLM).
It is hoped that this will allow companies to optimize productivity, gain better insights and free up time to create and develop new products and services.
Investing in artificial intelligence
Choosing Microsoft as a partner is a strategic move by PwC to benefit from Microsoft’s multi-billion dollar investment in OpenAI.
Quick enough, because the situation is filling up fast, with stories like Google’s (shaky) introduction of Bard, an AWS platform for creating AI tools, and even Apple exploring generative AI. Companies that fail to adapt risk being left behind.
PwC is already supporting industries such as insurance, aviation, and healthcare by implementing Azure OpenAI service capabilities, helping them reduce costs.
Mohamed Kande, Co-Leader and VP of Global Advisory Leader, PwC US Consulting Solutions said:
Kande continues to demonstrate PwC’s commitment to responsible AI, aligning its beliefs and intentions with Microsoft’s, and Microsoft publicly expresses that commitment.
In parallel with the investment, PwC committed to upskilling 65,000 US workers with AI tools and capabilities. This benefits their careers and workplaces.
