Bain & Company announces expanded partnership with OpenAI to accelerate delivery of AI solutions and meet fast-growing client needs Gaylord Contreras | usagoldmines.com

BOSTON & SAN FRANCISCO—October 17, 2024—Bain & Firm at this time introduced an expanded partnership with OpenAI, the maker of ChatGPT, and frontier AI fashions comparable to GPT 4o and the brand new OpenAI o1, to speed up AI’s transformative influence on this planet’s high corporations.

Bain and OpenAI have been collaborating intently since 2022, with the general public announcement of a worldwide services alliance in early 2023 bringing OpenAI’s ground-breaking AI capabilities and platforms to Bain shoppers worldwide. Bain has additionally deployed OpenAI platforms, together with making ChatGPT Enterprise, out there to workers worldwide, with these instruments getting used to ship quite a few pioneering, bespoke purposes of the know-how, enhancing workers’ effectivity and productiveness.

Bain and OpenAI will now additional prolong and deepen the scope of this already fast-growing work by way of their expanded partnership. This may harness the mix of OpenAI’s improvements and Bain’s deep AI/know-how implementation capabilities and strategic experience to additional improve their capacity to leverage essentially the most highly effective AI options to satisfy shoppers’ wants and lead them of their AI journey.

With the far-reaching enlargement of its OpenAI partnership, Bain is investing in establishing an OpenAI Heart of Excellence (CoE). Led by a devoted Bain group geared up with in-depth expertise and experience, in addition to the most recent insights into OpenAI improvements, the OpenAI CoE will present companies and applied sciences that assist shoppers to understand enterprise worth and influence from OpenAI’s applied sciences.

Bain will mix its in depth trade experience along with OpenAI’s horizontal know-how improvements to ship breakthrough enterprise worth. Below the partnership, Bain and OpenAI will co-design and ship the primary options for the retail and healthcare life sciences industries, and broaden to extra industries over time. Bain’s OpenAI CoE might be staffed with deep technical assets geared up to ship shopper options that leverage OpenAI frontier know-how, together with multi-modal, real-time and reasoning purposes.

Christophe De Vusser, Bain’s Worldwide Managing Companion, mentioned: “At Bain, we’ve seen the ability of our partnership with OpenAI as we work along with shoppers and inside our personal enterprise as nicely. We’ve unlocked transformative outcomes, driving innovation and creating lasting worth. With this expanded collaboration, we are going to additional push the boundaries, main the way in which in reshaping industries and delivering even better influence.”

OpenAI COO Brad Lightcap mentioned: “We’re constructing on our partnership with Bain to show cutting-edge AI into actual, impactful outcomes for enterprises throughout a number of industries. We wish to be certain that companies lean into the total scale of the chance to function extra effectively, higher serve prospects, and propel a brand new wave of innovation.”

The enlargement of Bain’s partnership with OpenAI will construct on the muse of the highly effective outcomes secured for Bain shoppers, together with The Coca-Cola Firm and Amgen.

Throughout this time, Bain has labored with OpenAI to embed a number of AI options into shoppers’ operations and ship concrete enterprise outcomes throughout a spread of use circumstances. In doing so Bain has supported shoppers in altering and enhancing processes, working fashions, know-how architectures, expertise and information belongings. Bain will proceed to leverage OpenAI’s fast-developing merchandise and platform in its choices to shoppers on AI transformation consulting, which encompasses AI technique growth, course of change, workforce and organizational growth, and know-how foundations, guiding leaders by way of their corporations’ AI journeys. Below their expanded partnership, the 2 companies will even work intently by way of a daily collection of joint trade roundtables and occasions to showcase the influence of their collaborations in delivering transformational outcomes for shoppers world wide.

###

Media contacts  

To rearrange an interview or for any questions, please contact:

Gary Duncan (London) — E-mail: gary.duncan@bain.com

Katie Ware (New York) — E-mail: katie.ware@bain.com

Ann Lee (Singapore) — E-mail: ann.lee@bain.com 

About Bain & Firm

Bain & Firm is a worldwide consultancy that helps the world’s most bold change makers outline the long run.

Throughout 65 cities in 40 international locations, we work alongside our shoppers as one group with a shared ambition to attain extraordinary outcomes, outperform the competitors, and redefine industries. We complement our tailor-made, built-in experience with a vibrant ecosystem of digital innovators to ship higher, sooner, and extra enduring outcomes. Our 10-year dedication to take a position greater than $1 billion in professional bono companies brings our expertise, experience, and perception to organizations tackling at this time’s pressing challenges in schooling, racial fairness, social justice, financial growth, and the surroundings. We earned a gold ranking from EcoVadis, the main platform for environmental, social, and moral efficiency rankings for international provide chains, placing us within the high 2% of all corporations. Since our founding in 1973, we’ve measured our success by the success of our shoppers, and we proudly keep the very best stage of shopper advocacy within the trade.