Leading accounting and professional services firm PwC announced on May 29 an agreement to become a reseller and purchase more than 100,000 licenses for ChatGPT Enterprise with OpenAI, marking a major new revenue stream for the manufacturer's enterprise product. of AI.
PwC's US and UK businesses are now “the first reseller of OpenAI for ChatGPT Enterprise and the largest user of the product,” PwC said in a press release. Specifically, PwC will complement its audit, tax and consulting services with ChatGPT Enterprise's generative AI capabilities.
PwC deal shows confidence in OpenAI's enterprise offerings
PwC has not disclosed the financial terms or duration of its agreement or subscriptions to ChatGPT Enterprise. Today's deal “builds on” PwC's commitment to $1 billion in AI capabilities over three years, starting in April 2023.
PwC can now use OpenAI's latest large language model, GPT-4o, for its ChatGPT interactions. PwC will use GPT, personalized AI agents, to:
- Review of tax returns.
- Generation of response proposal.
- Software life cycle assistants.
- Control panel and reporting.
PwC's message to its clients includes “emphasizing the near-universal demand across industries for the transformative power of this technology,” at a time when some critics of AI argue that the technology is still searching for use cases.
PwC owns over 100,000 ChatGPT Enterprise licenses, 75,000 for US employees and 26,000 for UK employees.
Meanwhile, PwC says it has found 3,000 internal use cases for generative AI.
“We are a knowledge-based company and generative AI is becoming increasingly effective at making knowledge accessible and scalable,” Bret Greenstein, partner at PwC and leader of the AI initiative, told TechRepublic in an email. generative. “We tracked the growth of GenAI's capabilities (10 times a year on average), which showed that the kinds of things GenAI can do will only accelerate.”
The deal is a big win for OpenAI, particularly because AI technology is so expensive to run.
“At a time when business leaders across industries are demanding results and business impact, not just potential, PwC's expanded relationship with OpenAI provides a playbook for companies looking to scale their AI infrastructure, applications and services,” PwC wrote in the press release.
SEE: GPT-4 can exploit day one vulnerabilities when given their descriptions.
“We have strong relationships with major AI players and use their tools throughout our business,” Greenstein said. “However, we have been working with OpenAI since GPT-2 and even longer for AI/ML work, so we have developed our learning and understanding of these trends that helped us pave the way for this agreement.”
OpenAI Forms Security Committee and Acquires Media Deals
OpenAI made some other major announcements this week: the formation of a Security Committee and content deals, including with News Corp, parent of The Wall Street Journal.
The Security and Surveillance Committee
The Safety Committee, announced on May 28, has 90 days to develop the processes and safeguards that OpenAI will use as it develops its next cutting-edge models, so-called “frontier” models. The committee includes CEO Sam Altman and a panel of team leaders and security experts.
Content and media offerings
On May 22, OpenAI announced a content deal to add News Corp articles to ChatGPT. News Corp owns The Wall Street Journal, Barron's, MarketWatch, New York Post and more. The agreement will allow OpenAI to use content from News Corp's publications as answers to questions posed to ChatGPT.
Agreements with Vox Media and The Atlantic followed. On May 29, OpenAI announced a deal in which ChatGPT will use Vox Media content, and Vox Media will create advertising and consumer products with ChatGPT. On the same day, The Atlantic joined OpenAI “as a premium news source,” which will “be discoverable within OpenAI products” and “will help shape how news emerges and is presented in future discovery products.” in real time”. Meanwhile, The Atlantic will explore ways to use OpenAI technology in “an experimental microsite.”
