The CEO of the massive accounting firm PwC told the BBC that the development of artificial intelligence (AI) may eventually result in fewer entry-level graduates being hired. The corporation genuinely wanted to hire hundreds of additional AI engineers but was having trouble finding them, according to global chairman Mohamed Kande, who denied that AI was the reason for recent layoffs.
However, other analysts claim that the technology itself poses a danger to thousands of entry-level positions in the professional services sector. Speaking on the fringes of a business event in Singapore, Mr. Kande added that significant shifts in the world economy, including the broad tariffs imposed by US President Donald Trump, had benefited the company’s consultancy business.
He also promised that the same mistakes “would not happen again” in response to the company’s suspension in China last year due to its work on the collapsed real estate behemoth Evergrande. One of the Big Four accounting firms, PwC has its headquarters in London. It offers a variety of services to company clients worldwide, including financial auditing, consultancy, and tax assistance.
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