Artificial Intelligence: Consulting Firm Bain Announces Global Services Alliance With OpenAI
Bain will be embedding AI, such as ChatGPT and DALL-E in its client operations and will also use AI for various other tasks.
Bain & Company, a top-level management consulting firm, has announced a global services alliance with OpenAI, the parent company of ChatGPT. Bain will be integrating AI into its client operations and various other tasks. The company aims to use AI to support the necessary changes to improve technology, processes, operating models, and data assets.
Bain’s Worldwide Managing Partner Manny Maceda stated that AI has reached an inflection point and will lead to a huge wave of change and innovation for their clients across industries. By collaborating with OpenAI, the company can create tailored digital solutions for its clients and help them realize business value. (India Today)
Bain plans to use AI to build next-generation contact centers for retail banks, telco, and utility companies, helping financial advisors improve their productivity and responsiveness to clients, and boosting turn-around time for leading product and service marketers. The company will use ChatGPT and DALL·E to develop highly personalized ad copy, rich imagery, and targeted messaging.
OpenAI’s Head of Go-To-Market, Zack Kass, believes that OpenAI’s technology combined with Bain’s expertise will enable massive business transformation within the Fortune 5,000.
ChatGPT was launched as a test initially but quickly gained popularity when people started using it to write assignments, help write code, compose music, and generate video scripts. While some people believe that AI will add value to a person’s work life, others fear that it could replace them completely.
ChatGPT will power Bain & Company’s day-to-day operations, and its parent company OpenAI was founded in 2015 with the intent of saving humanity from the potential destruction of AI.
Sam Altman and Elon Musk were among the founders of the company, but Musk had resigned from the company and no longer owns a stake in it.
Related Story: Microsoft Extends Partnership, Invests $10B In ChatGPT
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