US$1.5bn global investment PwC network firms are collectively investing nearly US$1.5 billion to expand and scale our AI capabilities across our network, launch partnerships and roll out AI tools across our lines of service.
Innovation of the year PwC wins ‘2023 Digital Innovation of the Year’ for our work with AI at the International Accounting Forum & Awards. Our ‘Next generation AI services for the next generation auditor’ — including predictive analytics and AI-powered checks — were recognised for improving ‘major change in improving audit quality, efficiency or added value to clients.’
Partner of the year PwC wins Microsoft’s ‘Building with AI’ Partner of the Year in recognition of PwC’s global leadership on AI.
Alliances We are continuing to build strategic partnerships with Microsoft, Google, Amazon Web Services, OpenAI, Harvey, EightFold and other innovative tech leaders to help clients realise AI’s potential. For example, we announced a new strategic collaboration with Microsoft and Icertis to provide C-suites with a powerful, innovative AI-driven approach to contract management. The PwC network announced an expansion of its strategic alliance with Google Cloud to enhance how businesses operate with generative AI.
Global summits and events Our leaders and AI specialists joined global conversations on AI at Mobile World Congress, Davos, TED 2024, VivaTech, and Financial Times special events.
PwC is AI ‘Client Zero’ The PwC network has made itself 'Client Zero' for GenAI, identifying over 3,000 internal GenAI use cases and fully embedding GenAI into our own work to enable us to be best-placed to advise clients on their own AI needs. We are rolling out AI platforms across our network to enhance our consultancy, tax, legal, audit and assurance offerings. For example, we’ve equipped over 100,000 people in PwC firms across the network to make the most of Microsoft’s AI assistant Copilot for Microsoft 365 to help our people deliver more for clients.
AI platforms for Tax and Legal We rolled out AI platforms Harvey and Leah to our tax and legal practice. Harvey and Leah use natural language processing, machine learning and data analytics to generate recommendations — always overseen and reviewed by PwC people — to help us generate more value for clients.
AI and Next Generation Audit The PwC network is applying AI and investing over US$1 billion to revolutionise the audit process through our Next Generation Audit, using new technologies to further standardise, simplify, centralise, and automate our audit work. The Next Generation Audit platform will be piloted in 2025 with rollout starting in 2026.
ChatPwC We rolled out the AI platform ‘ChatPwC’ to over 200,000 PwC people in network firms across the world, enabling our people to use ChatGPT technology in a secure environment and always with human oversight.
First reseller of ChatGPT Enterprise We continue to be at the forefront of enterprise deployment of ChatGPT; for example, PwC this year became the first reseller of OpenAI's ChatGPT Enterprise and the largest corporate user of the product.
AI Factory The PwC network’s AI factory is staffed by data scientists, tech specialists, and industry specialists and continues to develop hundreds of AI use cases, enabled by our broad skills in areas from business process design to supply chain optimisation.
AI upskilling We're bringing AI to staff and partners in PwC firms around the world through our Network AI Academy, a globally accessible platform containing tailored upskilling to equip every person across the network with the skills to apply AI in innovative and responsible ways. To enable our people to have the confidence and knowledge to leverage AI in how they serve their clients we're rolling out initiatives such as hands-on sessions, prompt workshops, and hackathons to take them from awareness to adoption.
Responsible AI This year, we continued to support clients to deploy Responsible AI in order to mitigate the risks associated with this technology, maintain the confidentiality and security of their data, support the trustworthiness of AI outputs, and realise the full potential of AI while maintaining trust with their stakeholders. We helped clients incorporate trust by design in their AI systems so that the technology is used ethically, responsibly, and without hidden biases.
AI to build trust We continued to deploy AI to build trust in business and society with platforms like our AI-driven Risk Detect which enables clients to protect against fraud, corruption and compliance issues. We contributed to efforts to build frameworks for safe and trusted AI systems. For example, PwC US became a founding member of the National Institute of Standards and Technology’s AI Safety Institute Consortium, the first-ever US consortium of its scale dedicated to AI safety.