PricewaterhouseCoopers Collaborates with OpenAI to Enhance Tax Processing

Thursday, 30 May 2024, 03:30

PwC has entered a strategic partnership with OpenAI to deploy custom Generative Pre-trained Transformers (GPTs) for tax return reviews and report generation across its US and UK workforce. By adopting the enterprise edition of ChatGPT, PwC aims to streamline tax processes and boost efficiency for over 100,000 employees. This collaboration signifies a significant leap in leveraging AI technologies for enhancing tax advisory services within the professional services industry.

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PwC's Collaboration with OpenAI

PricewaterhouseCoopers (PwC) has recently partnered with OpenAI to introduce custom Generative Pre-trained Transformer (GPT) models to optimize the process of tax return reviews and report generation. This collaboration targets PwC's extensive workforce in the US and UK, comprising 75,000 and 26,000 employees respectively.

Enhancing Tax Processing Efficiency

Custom GPTs: The deployment of the enterprise version of ChatGPT aims to enhance the efficiency of tax-related tasks for PwC's workforce.
Streamlining Operations: By leveraging AI technologies, PwC intends to streamline tax processing activities for its employees, transforming the traditional tax advisory landscape.

This strategic partnership highlights PwC's commitment to adopting innovative solutions for optimizing tax advisory services and embracing AI-driven technologies.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.