PwC Becomes OpenAI’s First Reseller and Largest Enterprise User
- Written by Shipra Sanganeria Cybersecurity & Tech Writer
- Fact-Checked by Justyn Newman Former Lead Cybersecurity Editor
PricewaterhouseCoopers (PwC) announced a new deal with OpenAI last week, making it the largest customer and first reseller of the ChatGPT Enterprise product aimed at large businesses.
PwC said that its US and UK firms have reached an agreement with OpenAI to offer ChatGPT Enterprise, its business-focused artificial intelligence tool to its employees and clients.
As part of the agreement, PwC’s US and UK workforce will gain access to the latest tools developed by OpenAI, including ChatGPT-4o model and new capabilities focused on voice and image.
“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 firm said in its post.
The accounting and consulting firm will provide ChatGPT Enterprise licenses to its 75,000 US employees and 26,000 UK employees, according to The Wall Street Journal , which first reported the news. However, PwC did not disclose the number of employees who would use the artificial intelligence product.
PwC did not disclose the financial terms of the deal with Microsoft-backed OpenAI.
The deal builds on PwC’s April 2023 announcement , in which the firm revealed its US division would invest $1 billion over three years to enhance and scale its capabilities in generative AI. “The OpenAI agreement is part of the initial $1 billion investment,” a PwC spokesperson told The Wall Street Journal.
Additionally, the firm has been developing its GenAI capabilities by building its own custom GPT solutions and training its workforce to use AI responsibly to review tax returns, generate dashboards and reports, develop software and proposals.
Nvidia Close To Surpass Apple As Second Most Valuable Company In The World
- Written by Andrea Miliani Former Tech News Expert
- Fact-Checked by Justyn Newman Former Lead Cybersecurity Editor
The American multinational corporation Nvidia is about to surpass Apple Inc. as the second most valuable company in the Wall Street market and the world.
According to Reuters , Nvidia has nearly tripled its value during the past year and has now reached $2.68 trillion. Considering its trend, it could soon dethrone Apple in the market ranking—worth $2.92 trillion at the moment—in what would be a historic event.
“It is certainly notable because Apple has been so dominant for so long, especially on the growth and innovation front. Recently though, Apple’s innovation curve seems to have flattened, showing slower future growth,” said client portfolio manager at Zacks Investment Management Brian Mulberry.
“Nvidia has been able to catch wave upon wave of growth. Beginning with gaming demand, then crypto, and now AI, they have been able to perfectly match innovation with demand and that equals explosive growth,” added Mulberry.
According to Market Watch , Nvidia hasn’t been this close to Apple’s market value since 2009. Microsoft remains at the top of the ranking since it surpassed Apple earlier this year, after crossing the $3 trillion milestone .
Nvidia has been developing affordable products like next-gen AI chips and expanding services at a fast pace, with an increasing focus on AI technologies.
Jensen Huang, NVIDIA founder and CEO, recently confirmed the company’s commitment to building AI products and seeking opportunities for growth at the COMPUTEX technology conference in Taipei this week.
“With our innovations in AI and accelerated computing, we’re pushing the boundaries of what’s possible and driving the next wave of technological advancement,” said Huang.
