PwC is one of the accounting firms and professional service providers known as the "Big Four". Most recently, with the explosion of the artificial intelligence arena, PwC has now announced a collaboration with OpenAI and will use artificial intelligence to generate advice for their clients.
This is part of PwC's method of reducing costs and increasing productivity. The use of this new system also allows various large-scale projects to be implemented quickly - which previously would have taken a long time or cost a lot.
PwC is expected to use artificial intelligence in a number of matters involving taxation, legislation, human resources, and perform various reviews and studies involving a business. PwC stated that this collaboration is not based on ChatGPT, and will not lead to workforce reductions in the near future.
According to initial comments, it is said that this PwC artificial intelligence system is now operating like a 25-year-old colleague – showing that it is capable of doing various complex things in simplifying tasks.
PwC is currently using this artificial intelligence system in the UK, and aims to introduce it in more than 50 countries in the next few months.