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Electric Vehicle (EV) Battery Market to grow by USD 65.23 Billion from 2024-2028, driven by rising EV demand, AI-powered report highlights market evolution – Technavio

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NEW YORK, Oct. 7, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Global Electric Vehicle (EV) Battery Market  size is estimated to grow by USD 65.23 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 20.2%  during the forecast period. Increasing demand for EVS and their expanded applications is driving market growth, with a trend towards increasing use of software and sensors for intelligent BMS. However, growing global power crisis  poses a challenge – Key market players include A123 Systems LLC, Ballard Power Systems Inc., BYD Co. Ltd., CLARIOS LLC, Crown Battery Manufacturing Co., Cummins Inc., East Penn Manufacturing Co. Inc., EnerSys, Enertech International Inc., Envision Group, Exide Industries Ltd., GS Yuasa International Ltd., Hitachi Ltd., LG Chem Ltd., OptimumNano Energy Co. Ltd., Panasonic Holdings Corp., Samsung SDI Co. Ltd., SK Innovation Co. Ltd., Solid Power Inc., Tianneng Group, and Zhejiang Narada Power Source Co. Ltd..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Lithium-ion battery, Lead-acid battery, and Others), Vehicle Type (Battery electric vehicle, Plug-in hybrid electric vehicle, and Hybrid electric vehicle), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

A123 Systems LLC, Ballard Power Systems Inc., BYD Co. Ltd., CLARIOS LLC, Crown Battery Manufacturing Co., Cummins Inc., East Penn Manufacturing Co. Inc., EnerSys, Enertech International Inc., Envision Group, Exide Industries Ltd., GS Yuasa International Ltd., Hitachi Ltd., LG Chem Ltd., OptimumNano Energy Co. Ltd., Panasonic Holdings Corp., Samsung SDI Co. Ltd., SK Innovation Co. Ltd., Solid Power Inc., Tianneng Group, and Zhejiang Narada Power Source Co. Ltd.

Key Market Trends Fueling Growth

The Electric Vehicle (EV) and Plug-in Hybrid Electric Vehicle (PHEV) markets are witnessing significant growth due to the increasing adoption of advanced features such as Global Positioning Systems (GPS), power train systems, air conditioning (AC), power windows, and display drives. These features consume substantial power, leading to a higher energy demand from EV batteries. As a result, there is an increasing need for efficient and optimal battery management systems (BMS) to ensure a long battery life and minimize charging frequency. The automotive industry is focusing on developing advanced high-end BMS solutions using high-power density lithium-ion batteries. Intelligent BMS trends include the use of software and sensors for precise information, which helps design an efficient battery management system. The accuracy, fault detectability, and robustness of the BMS controller are crucial factors driving the growth of the EV battery market. These trends are expected to continue, leading to increased demand for EV batteries during the forecast period.

The Electric Vehicle (EV) battery market is surging as automakers prioritize EV technology for their fleets. Lithium-ion batteries remain the go-to choice for most EVs due to their long driving ranges and relatively quick charging times. However, new players like QuantumScape and Solid Power are developing solid-state batteries, promising even better performance and shorter charging times. Battery life is a key concern for consumers, with automakers focusing on improving it through advancements in battery technology. EV sales continue to grow, with SUVs, PHEVs, BEVs, and EREVs leading the charge. The demand for batteries is driving the need for more manufacturing capacity, with companies like Tesla and Panasonic building gigafactories. Lithium-ion battery prices have been decreasing due to increased supply and demand. However, the supply chain for lithium, cobalt, nickel, and other essential minerals can be volatile, impacting battery prices. New battery technologies, such as Lithium Iron Phosphate and graphite-manganese-phosphoric acid batteries, are being explored to reduce reliance on traditional battery materials. Energy density is a critical factor in improving EV performance and reducing costs. Companies are focusing on improving cell-to-pack and cell-to-chassis efficiency to increase energy density. The race is on to bring the next generation of EV batteries to market and stay ahead of the competition. Meanwhile, some automakers are exploring alternatives to lithium-ion batteries, such as hydrogen vehicles and ethanol vehicles, but their market penetration remains limited. The EV battery market is an exciting space to watch as companies push the boundaries of innovation to meet the growing demand for cleaner, more efficient transportation solutions.

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Market Challenges

The global Electric Vehicle (EV) battery market is experiencing significant growth due to the increasing demand for EVs. However, in regions with limited power generation capacity, such as developing countries like Norway, the Netherlands, and the UK, as well as underdeveloped countries like Nepal, the high sales of EVs pose challenges. For instance, Europe, which has nearly a quarter of EVs on the road, saves approximately 13 million barrels of crude oil daily. However, this shift to EVs also increases global power demand by 11%. Power crises in countries like India and Japan, which rely heavily on imports for their energy needs, further impact the EV market. Japan’s electricity consumption, driven by its EV adoption, adds to its already significant energy import dependence and cost. These power crises and the subsequent electricity cost increases hinder the sales of EVs and, consequently, EV batteries, potentially hindering market growth.The Electric Vehicle (EV) battery market is experiencing significant growth, with the Lithium-ion battery segment leading the way. Companies like Tesla and Panasonic are expanding their Gigafactories to increase manufacturing capacity. However, challenges persist, such as the reliance on limited resources like lithium, cobalt, nickel, and other materials for battery production. Mining and refining these elements can impact the supply chain and drive up battery prices. New battery technologies like Lithium Iron Phosphate and sodium-ion batteries are emerging, but manufacturing capacity and energy density remain key concerns. The Cadillac Lyriq, an all-electric SUV, uses laser bonding to improve battery performance. BEVs, EREVs, and PHEVs are driving EV sales, but the Internal Combustion Engine still dominates. Northvolt and LG Energy Solutions are investing in battery manufacturing to secure energy security. The battery pack price remains high, with cell-to-pack and cell-to-chassis technologies aiming to reduce costs. The battery chemistries continue to evolve, with graphite, manganese, and phosphoric acid playing crucial roles. The market is dynamic, with Lead acid batteries, Nickel-metal hydride batteries, and Lithium-ion batteries competing in the EV landscape.

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Segment Overview 

This electric vehicle (ev) battery market report extensively covers market segmentation by

Type 1.1 Lithium-ion battery1.2 Lead-acid battery1.3 OthersVehicle Type2.1 Battery electric vehicle2.2 Plug-in hybrid electric vehicle2.3 Hybrid electric vehicleGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Lithium-ion battery-  The lithium-ion battery segment is experiencing significant growth in the Electric Vehicle (EV) market due to the increasing demand for this battery technology from the EV industry. Lithium-ion batteries, which belong to the lithium-metal chemistries family, are manufactured using various combinations of anode and cathode materials. The most common cathode combinations used in transportation applications are lithium-nickel-cobalt-aluminum oxide (NCA), lithium nickel manganese cobalt oxide (NCM), lithium-manganese spinel (LMO), lithium titanate (LTO), and lithium-ion phosphate (LFP). Each of these combinations offers distinct characteristics in terms of safety, cost, and performance. Lithium-ion batteries have a higher current density, longer power-holding capacity, and longer shelf life compared to other battery technologies. Additionally, the mass production and government incentives are driving down the cost of these batteries. Lithium-ion batteries are preferred for EVs due to their superior electrochemical performance and capacity. They are smaller and lighter than lead-acid batteries of similar capacity, reducing the weight of EVs and offering flexibility to manufacturers. Moreover, these batteries require minimal maintenance, reducing downtime in EVs. Lithium-ion batteries come in cylindrical, prismatic, and laminate shapes, with each cell having unique characteristics for creating the battery pack based on end-user requirements. Panasonic Corporation offers cylindrical lithium-ion cells, Samsung SDI CO., LTD. Provides laminate lithium-ion cells, and LG Chem offers prismatic lithium-ion cell-based battery packs. Lithium-ion batteries do not have the drawbacks of other battery chemistries, such as lead-acid batteries and NiMH batteries, making them the preferred choice for EVs. Therefore, the demand for lithium-ion batteries in the EV market is expected to continue growing, driving the market’s expansion during the forecast period.

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Research Analysis

Electric Vehicles (EVs) are revolutionizing the automotive industry with their eco-friendly and cost-effective solutions. A significant component of EVs is their batteries, which store and release electricity to power the vehicles. EV batteries come in various types, with lithium-ion batteries being the most popular due to their high energy density, long life, and short charging times. They offer impressive driving ranges, making EVs a viable alternative to traditional Internal Combustion Engine (ICE) vehicles. Battery technology is continually evolving, with solid-state batteries promising even better performance and safety. Automakers are investing heavily in EV technology, with Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Electric SUVs, and Electric Sedans leading the charge. The global EV battery market is growing rapidly, with the Lithium-ion segment dominating the market due to its superior performance. The demand for EV batteries is expected to reach Gigawatt hours in the coming years, driven by energy security concerns and the need to reduce carbon emissions. Lead acid batteries and Nickel-metal hydride batteries have been the traditional choices for EVs but are being gradually replaced by lithium-ion batteries due to their advantages. The EV battery market is poised for significant growth, with companies like Northvolt leading the way in innovation and production.

Market Research Overview

The Electric Vehicle (EV) battery market is experiencing significant growth as the adoption of electric vehicles (EVs) continues to rise. EV batteries play a crucial role in powering these vehicles, offering features like longer driving ranges, faster charging times, and improved battery life. Lithium-ion batteries are currently the dominant technology, but solid-state batteries and other advanced chemistries are on the horizon. Automakers are investing heavily in EV technology, with some announcing new models like the Cadillac Lyriq. Hydrogen vehicles and ethanol vehicles are also being explored as alternatives, but EVs are currently the most viable option for reducing emissions from the transportation sector. EV battery manufacturing is a complex process involving the mining and refining of raw materials like lithium, cobalt, nickel, and manganese. Gigafactories, such as those operated by Tesla and LG Energy Solutions, are increasing manufacturing capacity to meet demand. Energy density, battery performance, and manufacturing capacity are key considerations for battery technologies like Lithium Iron Phosphate, sodium-ion batteries, and others. Battery prices are also a significant factor, with advancements in battery manufacturing techniques like cell-to-pack and cell-to-chassis helping to reduce costs. The EV market is expected to continue growing, with sales of electric cars, SUVs, PHEVs, BEVs, and EREVs projected to reach new heights in the coming years. However, the supply chain for EV batteries remains a challenge, with energy security and raw material availability being key concerns.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeLithium-ion BatteryLead-acid BatteryOthersVehicle TypeBattery Electric VehiclePlug-in Hybrid Electric VehicleHybrid Electric VehicleGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Compunnel Unveils State-of-the-Art Noida Office: A Strategic Milestone in AI-Led Transformation and Innovation Ecosystem

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New flagship facility positions India center as AI innovation powerhouse; signals strategic shift to agentic AI across all business operations

NOIDA, India, May 5, 2026 /PRNewswire/ — Compunnel today unveiled its new state-of-the-art office in Noida Sector 142, covering over 1,35,000 sq ft of built-up area, marking a transformative milestone in the company’s strategic repositioning as an AI-led transformation company. More than a facility expansion, this launch represents Compunnel’s evolution from a trusted consulting and technology services provider into a comprehensive AI-native enterprise partner – leveraging agentic AI approaches across intelligent workforce solutions, digital transformation, and cybersecurity services for global enterprises.

The cutting-edge workspace featuring an on-site gym, modern cafeteria, advanced digital infrastructure, air quality control systems, and innovative design – is engineered to attract and nurture world-class talent while serving as an AI innovation hub. The facility will also house InfoPro Learning, a leader in corporate learning solutions, strengthening the collaborative ecosystem for talent development and enterprise training excellence.

A STRATEGIC INFLECTION POINT FOR GROWTH AND DIVERSIFICATION

Compunnel’s strategic shift towards AI-led operations is fundamentally reshaping how the company serves enterprises and positions itself for exponential growth:

Intelligent Workforce Solutions Reimagined: Compunnel’s strategic investment in Eximius – an agentic AI hiring platform – exemplifies the company’s shift towards autonomous intelligence in talent acquisition. By leveraging AI agents that autonomously match talent, predict hiring needs, and accelerate placements, Compunnel is positioned to significantly advance its #48 ranking among the Top 50 Staffing Firms in the USA. Complementing this, OneGuru – Infopro Learning’s agentic platform for the complete ‘hire to retire’ employment lifecycle, establishes the company as a formidable contender in the HCMS/HRIS market, delivering AI-driven workforce management from onboarding to succession planning.

Security, Risk, and Transformation Solutions: In an era where AI-powered threats evolve faster than traditional defenses, Compunnel is embedding living intelligence into enterprise security frameworks. The company’s modern approach helps organizations transform into a more mature, resilient, and risk-reduced state by leveraging advanced workflows to predict risks, proactively dismantle threats, and turn security from a cost center into a competitive advantage. This is complemented by strong capabilities across privacy and compliance-driven risk management, enabling organizations to protect sensitive data, meet regulatory requirements, and strengthen enterprise-wide governance and risk posture.

Digital Transformation Architected for AI-First Operations: Compunnel Digital is an AI-native digital engineering group built for the enterprises redefining what’s possible in Financial Services, Healthcare & Life Sciences, Consumer, Retail, and Manufacturing. It doesn’t layer AI onto legacy workflows – it architects intelligent systems from the ground up. Powered by Compunnel AI-OS, the company’s AI-first platform, Compunnel designs digital ecosystems where autonomous agents accelerate delivery, data fabrics power real-time decisions, and machine intelligence works alongside human expertise – turning disruption into competitive advantage.

LEADERSHIP VISION: TECHNOLOGY, TALENT, TRAINING, AND TRANSFORMATION

“Technology – and specifically agentic AI – is the backbone of everything we do at Compunnel. This new center amplifies that engine, bringing together AI innovation, advanced analytics, and our growing portfolio of AI-driven companies under one roof,” said Andy Gaur, CEO of Compunnel. “From Eximius transforming how we staff enterprises, to OneGuru revolutionizing HCMS, to incubating the next generation of AI startups – this workplace represents our commitment to leading, not following, the AI transformation. As we serve enterprise clients globally, this is where breakthrough thinking meets breakthrough execution.”

“For technology and business professionals, the new facility represents more than a workplace. It’s a launchpad for career acceleration. The Noida office will serve as a center for talent development, offering opportunities to work on global projects spanning talent solutions, cloud modernization, data and AI, cybersecurity, and digital engineering for Fortune enterprises across sectors such as banking, healthcare, manufacturing, insurance, government, and more,” said Rakesh Shah, President of Compunnel.

ABOUT COMPUNNEL

Founded in 1994, Compunnel delivers AI-driven workforce solutions, digital transformation, and cybersecurity services to global enterprises. With 30+ delivery centers across the U.S. and global R&D hubs in Canada, Europe, and India, Compunnel serves 23% of Fortune enterprises. Ranked #48 on SIA’s Largest Staffing Firms in the United States and recognized 12 times on the Inc. 5000 list, Compunnel combines deep domain expertise with intelligent automation to accelerate enterprise velocity and build future-ready operations. Learn more at www.compunnel.com.

ABOUT INFOPRO LEARNING

An offshoot of Compunnel, Infopro Learning is a global learning solutions partner that helps organizations transform their workforce development from strategy to scale. For 30 years, they have partnered with the world’s largest and most reputable companies, delivering Managed Learning Services, Leadership Development, Strategic Advisory, and Content Development solutions. Leveraging AI-driven innovation, they help organizations deliver greater impact while optimizing costs. Learn more at www.infoprolearning.com.

ABOUT ONEGURU

OneGuru is an AI-powered talent development platform that improves employee performance by taking learning out of the classroom and into the flow of work. Every employee will get access to a dedicated AI-Agent, equipped with insight from the world’s greatest coaches and the data that drives your business and people forward (HRIS, Performance, LMS). Unlike most agents, OneGuru is designed to be proactive, nudging your team to build their skills, build their careers, and build your business. Learn more at https://oneguru.ai/.

Media Contact:
Email: pr@compunnel.com

Photo: https://mma.prnewswire.com/media/2971872/Compunnel_Noida.jpg

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SUPCON Showcases the Path to Autonomous Operations with Software-defined Controls, Large Industrial AI models and Agentic AI Platforms at Hannover Messe 2026

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HANNOVER, Germany, May 5, 2026 /CNW/ — At Hannover Messe 2026, SUPCON (688777.SH, SUPCON.SW), a global leader in industrial automation and AI, demonstrated how the process industry can move beyond simple data analysis to real-time and autonomous execution. By unveiling its latest advancements in Agentic AI and software-defined automation, SUPCON provided a tangible roadmap for the transition to fully autonomous operating plants.

A central theme of the showcase was bridging the industry’s “execution gap”. While many plants generate vast amounts of data, the challenge remains in acting on that data in a timely, reliable manner. SUPCON’s integrated solution featuring the Universal Control System (UCS), Time-series Pre-trained Transformer (TPT2), and UNS-based IIOT Data Platform (Tier0), enables industrial plants to not only analyze information but to execute closed-loop optimization in real time.

“Industrial AI has reached a critical turning point. It is no longer just about generating insights, but about embedding them within closed-loop controls to achieve peak performance,” said Kenneth Lim, Director of Strategy and Marketing at SUPCON International Business. “Our role is to provide the industry with an open, reliable foundation that allows our customers to scale at their own pace, ensuring that today’s investments remain future-proof for decades of innovation ahead.”

Technical Keynote Highlights: The Path to Autonomous Operating Plants

Through a series of technical keynote sessions, SUPCON reframed autonomy not as a single hardware upgrade, but as a strategic operating model designed to empower the modern workforce.

Real-time Field Intelligence (Smart Field Instrumentation & Ethernet-APL): Moving beyond legacy protocols like HART, SUPCON showcased how Ethernet-APL brings high-speed connectivity directly to the field, turning passive instruments into active sources of real-time intelligence.Building the Unified Namespace (Tier0): To eliminate the “integration tax,” SUPCON introduced Tier0, a UNS-based platform using MQTT pub/sub and semantic structures to create a shared, event-driven data layer that prevents vendor lock-in and unifies fragmented systems.Agentic Application Development (AppBuilder): The Tier0 AppBuilder demonstrated how factory teams can build industrial applications up to 10x faster using natural language and domain-aware agents, moving from costly customization to rapid, user-centric creation.The Autonomous Workforce (Robotics & AI): By utilizing autonomous robots as “mobile sensors” for hazardous tasks like leak detection, SUPCON proved that technology isn’t about replacing humans, but about liberating engineers for high-value creative problem-solving and strategic oversight.Software-Defined Controls: The Universal Control System (UCS) represents a new era of efficiency. By revolutionizing traditional controls architecture, it reduces physical footprints and cabling by up to 90%, directly helping partners meet carbon neutrality goals without sacrificing productivity.Time-Series Pre-Trained Transformers (TPT): Unlike standard Large Language Models, the TPT is purpose-built for industrial time-series data. It consolidates fragmented use cases like equipment health forecasting and bottleneck analysis into a single AI layer for faster scaling.Autonomous Operating Plants (AOP): SUPCON framed “Zero-Touch Operations” not as a single hardware upgrade, but as a total strategic transformation. Addressing the “hidden” barriers of fragmented data and multi-OEM complexity, Autonomous Operating Plants (AOP) are achievable when open architectures and next-generation control systems are designed as a unified foundation from the outset.Self-Optimizing Plants via Closed-Loop AIO: SUPCON introduced Artificial Intelligence Optimization (AIO) as a revolutionary step beyond traditional DCS and APC systems. By enabling AI to learn from real-time plant data and feed optimized decisions back into control systems autonomously. This closed-loop approach serves as a practical pathway for manufacturers to optimize throughput, energy, and safety simultaneously without manual intervention.

A Partner in Industrial Evolution

By connecting smart field instrumentation, open data platforms, and software-defined control, SUPCON is providing the industry with a practical blueprint for safer, more resilient, and self-optimizing plants. The vision presented at Hannover Messe 2026 establishes that autonomous operations are achievable today when open architectures and next-generation intelligence are designed as a unified foundation.

Resources & Media

Resource Hub & Presentations: global.supcon.com/events/hannover-messe-2026Highlights Video: View on YouTubeNext Event: Join us at Gastech 2026 | 14–17 September 2026 | Bangkok, Thailand

About SUPCON

SUPCON (688777.SH, SUPCON.SW) is a global provider of industrial automation and industrial AI, offering control systems, digital platforms, robotics, and software solutions that power the world’s process and energy industries. Headquartered in Hangzhou, China, with the SUPCON Internal Business Headquarters in Singapore and the regional hubs around the globe, SUPCON is well-positioned to elevate industrial intelligence and drive customer success. Trusted by more than 250 leading enterprises and 39,000+ customers worldwide across major process industries such as oil & gas, chemical and petrochemical, as well as other industries such as power, pulp and paper, building materials, and more, SUPCON is driving the evolution from automation to autonomy–enabling safer, smarter, and more sustainable industrial operations.

For more information, please visit https://global.supcon.com/

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PwC and OpenAI Build a First-of-Its-Kind OpenAI Native Finance Function

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The collaboration aims to help redefine the future of finance by combining agentic AI with human supervision, enabling finance teams to govern, improve, and scale AI agents over time.

NEW YORK, May 5, 2026 /PRNewswire/ — PwC today announced an expanded collaboration with OpenAI to help create the first of its kind AI native finance function at enterprise scale, combining agentic AI with human supervision to reshape how finance work gets done.

Together, PwC and OpenAI are building AI agents around the core operating rhythms of finance, from planning, forecasting, and reporting to procurement, payments, treasury, tax, and the accounting close. What sets this collaboration apart is its focus on building in the real world, not just designing in theory. For example, PwC and OpenAI are building a procurement agent inside the OpenAI finance organization, and are applying those learnings to additional agents across core finance workflows. That hands-on model is intended to speed innovation, prove the value of an AI native finance function in practice at OpenAI, and continuously improve the offering based on learnings.

Powered by OpenAI native finance capabilities and PwC’s deep expertise in finance, risk, and transformation, the collaboration is intended to move finance beyond task automation toward an operating model where AI agents can execute complex work, collaborate across workflows, and support faster, more insight-driven decisions.

“Finance is at an inflection point, where organizations are moving from process efficiency to intelligent, decision-centric operations,” said Tyson Cornell, US Advisory Leader. “Through our collaboration with OpenAI, we’re helping clients embed agentic AI into the core fabric of the finance function, enabling more proactive insights, stronger controls, and a more adaptive operating model.”

In this new operating model, the role of finance professionals evolves from primarily executing processes to supervising, governing, and improving AI agents over time. Finance teams remain accountable for judgment, controls, and outcomes, while helping define the guardrails, policies, and organizational memory that allow agents to perform more effectively and responsibly. Through MCPs and reusable skills, agents can connect to enterprise systems with the right controls, produce more reliable outputs, and follow consistent operating patterns across finance processes.

At the same time, domain experts can use Codex and OpenAI emerging product surfaces to build bespoke applications for targeted finance workflows — accelerating solutions for accruals, close activities, reconciliations, reporting, and other operational needs without relying solely on traditional software development cycles. This is the foundation of a new kind of finance function: AI native by design, human-governed actions, continuously improving over time.

“Finance has always been about judgment, trust, and making decisions in environments filled with complexity and constant change. AI gives finance leaders a much deeper ability to see around corners and act faster,” said Sarah Friar, CFO at OpenAI. “I believe we’re now entering a moment where the finance function itself gets reimagined to shape decisions in real time. The opportunity here is far bigger than efficiency, it’s about giving finance leaders the tools to operate with greater foresight, agility, and strategic impact across the business.”

This collaboration reflects a broader shift toward an OpenAI native finance operating model, where work begins with intent and is executed by AI agents acting across systems, workflows, and data environments. Through hands-on collaboration, PwC and OpenAI are creating a continuous feedback loop between emerging innovation and real-world execution. This model allows both organizations to rapidly test, refine, and scale capabilities in ways that are practical, enterprise-ready, and closely aligned to the evolving priorities of CFOs.

Co-developing the future of Intelligent Enterprise for Finance

The focus of this collaboration is on practical, high-value workflows where AI agents can execute and coordinate work under human supervision. This includes:

Procurement agents that guide intake, create requisitions, answer policy questions, record item receipt and support procurement workflowsSpecialized agents that accelerate contract review, perform risk assessments, and power other autonomous finance operationsBespoke applications that help automate accruals, accelerate close activities, streamline reporting, and deliver customized dashboards — enabling domain experts to build targeted solutions around enterprise platforms faster and better serve stakeholders.

By leveraging Workspace Agents, Codex and OpenAI emerging product surfaces, the collaboration aims to show how finance teams can move beyond point automation toward an enterprise operating model where agents run repeatable workflows, surface exceptions, and continuously improve how work gets done.

PwC is proud to collaborate with OpenAI in this way within the finance domain, helping shape how an AI native finance function can be deployed with the governance, transparency, and control required in enterprise environments. Together, PwC and OpenAI are translating emerging AI capabilities into enterprise-ready solutions designed to work within existing finance systems, controls, and operating models.

You can learn more about how PwC and OpenAI are helping drive impact here: https://www.pwc.com/us/en/technology/alliances/openai.html

About PwC 

At PwC, we help clients build trust and reinvent so they can turn complexity into a competitive advantage. We’re a tech-forward, people-empowered network with more than 364,000 people in 136 countries and 137 territories. Across audit and assurance, tax and legal, deals and consulting we help clients build, accelerate and sustain momentum. Find out more at www.pwc.com.

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