Three-quarters of AI’s economic gains are being captured by just 20 per cent of companies, with leading businesses using the technology to drive growth rather than simply improve productivity, according to consulting and advisory firm PwC.
Hong Kong's accounting regulator on Thursday also announced a six-month ban on PwC from working for new clients and said it had issued a public reprimand to two of its former partners for misconduct, fining each of them a separate HK$5 million.
FILE - A woman walks by a map showing Evergrande development projects in China, as she heads to an Evergrande city plaza in Beijing on Sept. 18, 2023 ... .
One of the world's largest consultancies and accounting majors, PwC is paying HK$1.3 billion ($166 million) in fines and compensation in Hong Kong over its audit work for the ....