LONDON, 26 October 2023 – Today, PwC’s Global Tax and Legal Services announces a strategic alliance with OpenAI and Harvey to train and deploy foundation models for tax, legal and human resources (“HR”) services.
The announcement is a significant step beyond the exclusivity agreement PwC made with Harvey earlier this year, and is underpinned by PwC’s adoption of ChatGPT Enterprise for general use within PwC UK. This strategic alliance will leverage OpenAI's cutting-edge foundation models, Harvey's expertise in developing domain specific models, and PwC's AI capabilities, value-based approach and deep sector expertise. Together, PwC, OpenAI and Harvey will aim to create highly sophisticated foundation models to help accelerate complex tasks, and provide richer, more personalised insights for tax, legal and HR professionals.
The partnership is set to kick off immediately, with specific tax, legal and HR/Workforce AI models expected to be rolled out in the coming months. The announcement follows the global roll-out of Harvey, to PwC’s tax, legal and people business, announced in March 2023.
“PwC is committed to helping clients build trust and deliver sustained outcomes through the powerful pairing of innovative technology and human insights. It’s what our clients expect from us and what sets us apart. Our relationship with OpenAI and Harvey – as well as our other strategic relationships and capabilities – will enable us to develop and implement sophisticated AI solutions for critical business areas. This way we can provide greater value and even deeper insights for our clients, helping them navigate a rapidly evolving business landscape.”
"We’re eager to build with PwC and Harvey, and to help develop advanced AI tools for tax, legal and HR professionals. The alliance will lead to significant advancements in AI technology and offers OpenAI an opportunity to leverage PwC’s and Harvey's expertise and learn from customers; their insights will be invaluable to making AI more beneficial for everyone."
“Generative AI will be the biggest game-changer for advisory services for a generation. Our partnership with OpenAI and Harvey strongly positions us to capitalise on the opportunity to provide the most advanced solutions and lead in the tax, legal and HR space. Combining our joint technical capabilities with our market insights will further differentiate what we do, and drive growth for our business and our clients.”
"Our partnership with PwC and OpenAI represents a significant opportunity to bring the power of AI to the tax, legal and HR industry. We're looking forward to working together to create innovative solutions that will benefit PwC and its clients."
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Ryan Stanton
Global Corporate Affairs & Communications, Managing Director, PwC United States
+1 310-367-1045
For the 12 months ending 30 June 2023, PwC firms around the world reported record gross revenues of US$53.1 billion, growing by 9.9% in local currency and 5.6% in US dollars over the FY22 gross revenues of US$50.3 billion.
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