PwC and OpenAI Announce ChatGPT Integration Deal
Australian Financial Review
SKIPPED
Details
- Date Published
- 30 May 2024
- Priority Score
- 2
- Australian
- No
- Created
- 10 Mar 2025, 10:27 pm
Description
The US and UK arms of consulting giant PwC have become the biggest direct corporate client of OpenAI, announcing a deal to use and resell the AI firm’s tools.
Summary
PwC has reached a landmark agreement with OpenAI, becoming its largest direct corporate client to date by purchasing over 100,000 licenses to use and resell OpenAI's technology. This deal, valued at $1 billion, represents a substantial move towards integrating AI into professional services like tax, audit, and consulting, potentially transforming these industries. While the article emphasizes the scale and business potential of this partnership, it does not elaborate on specific AI safety measures or tackle existential risks associated with AI implementation at such a scale. The significance lies in PwC's intention to safeguard their business operations and offer advanced AI solutions to their clients globally.
Body
TechnologyAIPrint articlePaul SmithandEdmund TadrosMay 30, 2024 – 2.00pmSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginThe US and UK arms of consulting giant PwC have become the biggest direct corporate client of ChatGPT maker OpenAI, announcing a deal to use and resell the AI firm’s latest technology as part of a $US1 billion ($1.5 billion) plan to automate parts of its tax, audit and consulting services.In an announcement made overnight in the US, PwC will become the first firm globally to integrate OpenAI’s latest models into its practice with the purchase of more than 100,000 OpenAI licences. The hope is the firm’s consultants will then be best placed to advise clients on how to deploy the disruptive technology.Loading...Paul Smithedits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy.Connect withPaulonTwitter.EmailPaulatpsmith@afr.comEdmund Tadrosleads our coverage of the professional services sector. He is based in our Sydney newsroom.Connect withEdmundonTwitter.EmailEdmundatedmundtadros@afr.com.auSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreAIAccountingBig four consultantsConsultingPwCKPMGMatt ComynMicrosoftCommonwealth BankDeloitteAccentureFetching latest articlesOlympic weightlifting is hard. This boss uses the 1pc rule to get it doneLucy DeanOut-of-control watch price rises give housing a run for its moneyKnow your craft: How the biggest airlines rate at the pointy endJun Bei Liu: How I learnt to speak upSally Patten and Lap PhanThe four actor ‘tricks’ giving executives more confidence‘We’ll fight’: Alex Waislitz on family battles and bad betsA last-chance tote bag and a groovy case for trumpetersEugenie KellyThis machine can bring out the creative streak you never knew you hadThis data-driven wellness retreat is a haven for high-flyersBillionaire Nicola Forrest appoints UBank boss to run family officePrimrose RiordanVictor Smorgon’s star fundie eyes 50pc returns for new fundForrest family powerbroker had alleged role in big Fortescue decisions