Generative AI has been taking the tech world by storm lately. It is also making a big impact in the business world. Global consulting and auditing giant PricewaterhouseCoopers (PwC) has adopted OpenAI’s ChatGPT Enterprise product in this context.
With this strategic collaboration, PwC has become OpenAI’s largest enterprise customer and the first intermediary reseller of ChatGPT Enterprise. This move further advances PwC’s $1 billion AI investment plan, announced in April 2023. It demonstrates the company’s strong belief in this transformative technology.
Under the agreement, PwC’s 100,000 employees in the US and UK will gain access to ChatGPT Enterprise. This number is expected to increase to 328,000 as the platform expands globally. With this step, PwC aims to increase efficiency in its internal operations and gain a competitive advantage by offering artificial intelligence-powered solutions to its clients.
PwC’s vision: Efficiency and growth with AI
According to Bret Greenstein, PwC’s “Generative AI Leader“, tools like ChatGPT will drive further growth by increasing the capabilities of the existing workforce rather than threatening employment. The company aims to use the experience gained through the early adoption of ChatGPT to develop scalable solutions at the enterprise level.
Instead of developing its tools around ChatGPT Enterprise, Greenstein says PwC will optimize workflows, enrich use cases, and transform business processes using OpenAI’s APIs. This strategy will allow PwC to maximize the value of its AI investments.
A new consulting model: AI-powered transformation
PwC plans to use ChatGPT Enterprise in its own operations and consulting services. The company aims to create new revenue sources by offering customized solutions to clients who want to implement AI-powered transformation projects.
At this point, the importance of PwC’s strategic partnership with OpenAI becomes evident once again. OpenAI needs strong partners like PwC to support ChatGPT Enterprise. At the same time, PwC leverages OpenAI’s expertise to bring the latest AI technologies to its clients.
Pricing and future perspective
Pricing for ChatGPT Enterprise has not yet been made public. However, some information circulating on Reddit suggests that the annual cost of the platform for 150 users could be around $108,000. This figure may vary depending on the number of users and usage scenarios.
This collaboration between PwC and OpenAI is a striking example of how artificial intelligence can be used in business. Both companies are likely to benefit significantly from this partnership. While PwC reinforces its leadership in artificial intelligence, OpenAI gets the opportunity to expand ChatGPT Enterprise on a global scale.
These developments are expected to strengthen AI’s place in the business world and create new opportunities. Adopting AI can provide significant advantages, such as increased efficiency, cost savings, and new revenue models, especially in knowledge-intensive industries such as consulting.
Featured image credit: OpenAI
