PwC

Pennsylvania became the first state in the nation to use ChatGPT Enterprise, Governor Josh Shapiro announced Tuesday, leading a pilot program with OpenAI in which state employees will use generative AI. Governor Shapiro says Pennsylvania government employees will start using ChatGPT Enterprise this month to help state officials with their work, but not replace workers altogether.Why is Everyone Suing AI Companies? | Future Tech“Generative AI is here and impacting our daily lives already – and my Administration is taking a…

AI Roundup: NITI Aayog VC advocates AI solutions for marine fisheries challenges; Government and industry collaborate on AI for public grievance resolution; AI model predicts COVID-19 fresh variant waves with 80% accuracy; Railways to utilise AI for crowd control during Prayagraj's Magh Mela- this and more in our daily roundup. Let us take a look.1. NITI Aayog VC advocates AI solutions for marine fisheries challengesArtificial intelligence (AI) can address challenges in marine fisheries, according to NITI Aayog Vice…

Cyber risks are cited as the biggest threat faced by Indian organisations with 38% of respondents feeling highly or extremely exposed to it, suggests a survey. With this, cybersecurity has jumped two spots from number three to number one on the risk radar when compared to 2022, the PwC's 2023 Global Risk Survey- India edition stated. PwC said the final results of the survey are based on 3,910 survey responses from Business and Risk Management leaders (CEO, board, risk management, operations, technology, finance, audit)…

Funding in Indian startups fell by 36 per cent in January-June to USD 3.8 billion, the lowest half-yearly number in the last four years, as investors are taking longer time in due diligence of every aspect of business, according to a PwC India Report. Early-stage deals accounted for 57 per cent of the total funding in the first half of 2023 (H1 CY23) in volume terms, said the report titled, "Startup Perspectives - H1 CY23". In value terms, early-stage deals contributed to approximately 16 per cent of the total funding in…

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Auditor Deloitte has flagged inappropriately approved vendors and excess payments at BharatPe, where its former MD and co-founder Ashneer Grover has been accused of cheating and embezzlement of funds.In its latest annual report, BharatPe presented opinion of its statutory auditor that said the company's internal control system for vendor selection as well as for approval of invoices for purchase of goods and services were not operating effectively, resulting in procurements at inappropriately approved prices.After…

Growing at a steady pace, UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in the country, said a PwC India report. Unified Payments Interface (UPI), which is driving the digital payments revolution, accounted for about 75 per cent of the total transaction volume in the retail segment during 2022-23, said the PwC report titled "The Indian Payments Handbook - 2022-27". UPI is projected to account for 90 per cent of the total transaction volume in…

Metaverse platforms are expected to have a digital currency.As the metaverse gains traction in the global business landscape, Indian business executives are also embracing the trend, with nearly 70 per cent of them planning to integrate it into their organisational activities, a new report showed on Wednesday.According to global consultancy firm PwC, about 63 per cent of companies actively engaged with the metaverse say they will fully integrate the metaverse into their organisational activities within a year."The…

PwC Lawyers will now have the assistance of Artificial Intelligence to boost productivity Chatbot Services have been a boon in recent times. To increase productivity, PwC LLP has joined the ranks of professional services companies; PwC introduces Chatbot Service for its Lawyers a chatbot service. The project will be delivered through a 12-month partnership with AI startup Harvey, PwC said in a statement Wednesday. Now PwC Lawyers will have the assistance of Artificial Intelligence. About 100 nations and 4,000 PwC lawyers…

Image used for representative purpose onlyPricewaterhouseCoopers said Wednesday that it will give 4,000 of its legal professionals access to an artificial intelligence platform, becoming the latest firm to introduce generative AI technology for legal work. PwC said it partnered with AI startup Harvey for an initial 12-month contract, which the accounting and consulting firm said will help lawyers with contract analysis, regulatory compliance work, due diligence and other legal advisory and consulting services. PwC said…