However, there are concerns about whether clients will be willing to pay for advice generated by AI, particularly given instances where AI has provided incorrect information. A recent study found that 61% of people are skeptical of trusting AI systems and applications, and a survey by CNBC found that 50% of advisers said they couldn't let AI advise them. This skepticism could impact corporations' willingness to pay for AI-generated advice, particularly in sensitive areas such as tax and legal compliance.
Key takeaways:
- PwC is partnering with OpenAI to offer AI-generated consultancy to clients as a cost-cutting and productivity-boosting strategy.
- The company plans to invest $1 billion in generative AI across its US operations over the next three years, believing it will be a game changer in the global consultancy sector.
- Despite the potential benefits, there is skepticism about the reliability of AI-generated advice, with a study finding that 61% of people are skeptical of trusting AI systems and applications.
- There are concerns about whether clients will be willing to pay for advice generated by bots, particularly in sensitive areas like tax and legal compliance.