Accounting firm PricewaterhouseCoopers is planning to invest $12 billion over the next five years in hiring 100,000 new employees in artificial intelligence and cybersecurity, The Wall Street Journal reports. As companies face increasing scrutiny on issues including data privacy, PwC U.S. Chairman and Senior Partner Tim Ryan said, “It’s critical that our people have those skills.” The firm also plans to offer new products featuring artificial intelligence and machine learning, Ryan said, and is considering acquiring other companies to grow offerings.
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