PwC reaches deal to become OpenAI’s biggest customer

Lauren Sforza
·1-min read

PricewaterhouseCoopers (PwC) reached a deal with OpenAI to become the artificial intelligence company’s largest customer.

PwC announced the deal Wednesday in a blog post, explaining that the agreement will help accelerate the company’s adoption of artificial intelligence (AI) in the United State and the United Kingdom. PwC will be OpenAI’s first ChatGPT Enterprise reseller and its largest customer of that product yet, according to the post.

“By embracing ChatGPT Enterprise across our workforce, we will bring our first-hand experience of our AI transformation to clients, complementing our audit, tax and consulting services with a broad array of business and industry solutions,” the blog post stated.

OpenAI also confirmed the deal to The Hill, pointing to Wednesday’s blog post from PwC for more information.

PwC said that it has already engaged in generative AI with 950 of its top 1,000 consulting clients. The expanded relationship with OpenAI will provide a “playbook for companies looking to scale their AI infrastructure, apps, and services,” according to the post.

This will build on PwC’s already three-year $1 billion investment in AI that was announced last year, the company noted. It said that through the deal, its employees will gain access to the latest model of ChatGPT, including its ChatGPT-4o model revealed earlier this month.

“The adoption of GenAI tools within our organization has enabled our own internal transformation. We have redefined our internal processes enabling us to provide even greater value to our clients with enhanced quality and velocity, all while maintaining a responsible approach to AI,” the blog post read.

Copyright 2024 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

For the latest news, weather, sports, and streaming video, head to The Hill.

  • Up next
  • Up next
  • Up next
  • Up next

Latest stories

  • RBA 'misled' Aussie mortgage payers before 'forcing' $18,000 misery: 'Never again'

    Australian mortgage holders are suffering through an $18,000 a year blow - but that's the reason interest rates should never drop to historic lows again.

  • Bank ‘tricks’ robbing Aussies $1,500 per year in savings: ‘On purpose’

    Banks are making savings accounts “complex on purpose” but you can still make the most of your hard-earned money.

  • ATO explains after Aussie's $5,300 disappointment: 'Confused'

    Many Aussies are being confronted with refunds much smaller than what was originally estimated.

  • I’m a Bank Teller: 4 Reasons You Should Withdraw Your Savings Right Now

    Roughly 95% of Americans have either a checking or savings account, according to the Federal Deposit Insurance Corporation (FDIC). For many people, a savings account is a great place to keep extra...

  • An Intrinsic Calculation For Centaur Media Plc (LON:CAU) Suggests It's 49% Undervalued

    Key Insights Centaur Media's estimated fair value is UK£0.62 based on 2 Stage Free Cash Flow to Equity Centaur Media's...

  • Some Investors May Be Worried About Air Products and Chemicals' (NYSE:APD) Returns On Capital

    If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

  • China central bank surprises by lending again at lower rates

    China's central bank surprised markets for a second time this week by conducting an unscheduled lending operation on Thursday at steeply lower rates, suggesting authorities are trying to provide heavier monetary stimulus to prop up the economy. The medium-term lending facility (MLF) operation comes after the central bank cut several benchmark lending rates on Monday, just days after a top leadership meeting, which had outlined other major reforms. The People's Bank of China (PBOC) issued 200 billion yuan ($27.5 billion) in one-year loans under its MLF at 2.30%, down 20 basis points from its previous MLF loan, the bank said in a statement.

  • Kering's Half-Year Results Are Bleak

    Net profit was down a whopping 50%.

  • Young Aussie reveals ‘frustrating’ reality of HECS debt: ‘Sold a lie’

    The 23-year-old said her HECS repayments don't even scratch the surface of indexation.

  • China's top live-streaming influencer Dong Yuhui departs East Buy to pursue own venture

    China's top live-streaming influencer, Dong Yuhui, has left East Buy, the e-commerce arm of private tutoring giant New Oriental Education & Technology Group, marking one of the most striking exits in the sector and sending the US-listed parent's shares down in pre-trading. The 31-year-old Dong, a former teacher who gained fame and wealth in China's live-streaming e-commerce sector, left his employer because of "career aspirations, commitment to his other pursuits and personal time arrangements",

  • Chinese Solar Group Urges Faster Consolidation as Glut Deepens

    (Bloomberg) -- China should push struggling solar manufacturers to exit the market as soon as possible to reduce severe overcapacity in a sector that’s vital to the energy transition, according to a major industry group.Most Read from BloombergHarris Just Showed Why Trump Is So Afraid of HerI Changed My Mind. The Fed Needs to Cut Rates Now.What Initial Polling Data Show About the Trump-Harris MatchupHarris Targets Trump by Raising Threat of ‘Extreme’ Project 2025Stocks Extend Losses as Worries G

  • Women VCs Make Gains in Tech Investing Amid Diversity Backlash

    (Bloomberg) -- Women and nonbinary venture investors have gained a foothold in the technology industry five years faster than advocacy group All Raise expected, but leaders say a national backlash to diversity, equality and inclusion initiatives threatens the progress that has been made. Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisParis Sticks to Olympics Opening Event Plans After Rail SabotageFed’s Favored Price Gauge Rises at Mild Pace, Spending Hold

  • Calm inflation reading keeps the door open at Fed for September rate cut

    The Fed’s preferred inflation gauge had its slowest annual increase in more than three years, likely getting policy makers closer to the conviction needed to ease monetary policy.

  • Can I Live Off The Interest of a $1 Million Portfolio?

    Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and down-year investment portfolio management, a … Continue reading → The post How Much Interest Can You Earn on $1 million? appeared first on SmartAsset Blog.

  • Univest Financial Second Quarter 2024 Earnings: EPS Beats Expectations

    Univest Financial ( NASDAQ:UVSP ) Second Quarter 2024 Results Key Financial Results Revenue: US$71.3m (flat on 2Q...

  • Russia's Central Bank hikes interest rate as inflation soars

    Russia’s Central Bank on Friday raised its key lending rate to its highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow's military action in Ukraine. “Growth in domestic demand is still outstripping the capabilities to expand the supply of goods and services,” the bank said in a statement. It noted that inflationary risks have been driven by high inflation expectations and changing trade terms as a result of “geopolitical tensions,” a reference to Western sanctions against Russia over its action in Ukraine.

  • Shares drop in US and Asia as AI stocks slide

    Tech stocks lead declines as investors reconsider rally fuelled by artificial intelligence.

  • The Best Cryptocurrency to Buy Now

    We recently compiled a report on the 10 Best Cryptocurrencies to Buy Now and in this article we will look at the best cryptocurrency to buy now. Cryptocurrency is one of the most volatile markets as it mainly drives its value from Bitcoin (BTC), which is the biggest cryptocurrency. Bitcoin has almost 54% share of the […]

  • CATL Supplier Lopal Said to Seek $200 Million for Indonesia Unit

    (Bloomberg) -- Jiangsu Lopal Tech Co. is considering raising about $200 million for its Indonesian unit as it ramps up local production of materials used in electric-vehicle batteries, according to people familiar with the situation.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisParis Trains Hit By Sabotage Hours Before Olympics Kick OffHarris Just Showed Why Trump Is So Afraid of HerTrump Won’t Commit to Debate Until Harris Formally NominatedGreat Rotati

  • Lilly loses $120 billion in value as rival obesity drugs impress

    (Bloomberg) -- Eli Lilly & Co. is down more than $120 billion in market value and its status as the poster child of the weight-loss drug frenzy is under threat with at least two rivals posting encouraging developments for their obesity treatments.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisHarris Just Showed Why Trump Is So Afraid of HerMarkets Tear Up Popular Trades That Reached ‘Stupid Levels’Stocks Caught in Tug of War Between Tech and Rest: Markets