PwC inked a deal with OpenAI on Wednesday, becoming the artificial intelligence company’s first reselling partner and largest corporate user.
The Big 4 accounting firms are based in the US and the UK. MicrosoftWith the funding, the company will offer ChatGPT Enterprise, a business-focused version of its generative AI chatbot, to employees and customers.
PwC said in a blog post on Wednesday that the deal “expands our technology ecosystem, embeds GenAI even deeper within our enterprise and enables us to scale AI capabilities across our business to accelerate impact for our clients.”
PwC said the deal will give its US and UK employees and clients access to OpenAI’s latest tools, including the recently announced ChatGPT-4o model and new features focused on voice and image.
“As the first company to be at the forefront of OpenAI’s model and announce the integration of it into our practice, we are uniquely positioned to help our clients leverage ChatGPT Enterprise to work better, faster,” PwC said in the post.
According to the Wall Street Journal, PwC plans to grant ChatGPT enterprise licenses to more than 100,000 employees (75,000 in the US and 26,000 in the UK). We reported on this deal earlierPwC did not disclose how many workers use ChatGPT Enterprise.
“By deploying ChatGPT Enterprise to all employees, we will provide clients with first-hand experience of AI transformation and complement our wide range of business and industry solutions in audit, tax and consulting services,” the company said.
PwC did not disclose financial terms of the transaction.
Earn money with AI
This marks the first time OpenAI has agreed to a resale model to sell a popular AI product.
The company Losses of hundreds of millions of dollars reported The massive computational costs associated with generative AI drive costs into the millions of dollars.
The company is increasingly turning to premium subscriptions and enterprise sales as a way to monetize AI.
In February 2023, OpenAI released ChatGPT Plus, a paid version of ChatGPT. In August of the same year, OpenAI released ChatGPT Enterprise, a more secure version of the chatbot for businesses.
The deal, announced Wednesday, is also part of PwC’s broader push into AI.
Last April, PwC announced its intention to invest $1 billion over three years to grow and expand its AI capabilities.
PwC said it is developing custom GPTs to help employees review tax returns, write proposal responses and generate reports and dashboards.
PwC says it has identified over 3,000 internal use cases across various industries and is also helping its clients accelerate their implementation of generative AI.