Advertisement

Coca-Cola Gets Marketing Makeover with OpenAI and Bain & Co’s Partnership

Generative AI is the talk of the town.
Listen to this story

Global management consulting firm Bain & Company has joined hands with AI research lab OpenAI to expand its potential business applications by combining OpenAI’s technology, especially Generative AI, with business strategy and social responsibility.

According to Bain & Company’s blog post, it is offering its advanced analytics practice to help clients with the practical application of AI by using experience across the value chain to spot generative AI use cases, deploy a proof-of-concept, and implement the capabilities across a client’s operating model. They also provide guidance on ethics, rights, ownership, and change management. The company claims that partnership with OpenAI will enable them to “stay ahead of the curve” and help clients gain a competitive advantage.

Widely popular consumer goods company Coca-Cola is the first company to join the new alliance and implement Generative AI. 

Coca-Cola recently launched its newest Creations flavour, Coca-Cola Move, in collaboration with global ‘atypical’ pop star Rosalía. A scannable QR code on the beverage directs users to the Coca-Cola Creations Hub, where they can access behind-the-scenes material, a personality test, and a music video with all versions of her.

Zack Kass, the head of go-to-market at OpenAI, commended the Coca-Cola’s new approach to adopting cutting edge tech as “the most ambitious we have seen of any consumer products company.”

Read more: Generative AI Unlocking Floodgates to Solve Data Scarcity

From Non-Profit to Profit: OpenAI’s Strive for Financial Sustainability

OpenAI, which initially started off as a non-profit organisation, declared the OpenAI LP as a new, distinct entity with the aim of making a profit, calling it a ‘capped-profit’ corporation. Although the company will continue to research and create new technologies, it also wants to generate more revenue. Investors can receive up to 100 times the amount of their investment, with any additional funds going to support the non-profit work of OpenAI’s separate entity called ‘OpenAI Nonprofit’. 

OpenAI has received funding from renowned venture capital firms such as Andreessen Horowitz, Sequoia, and Founders Fund, all of which have the option to withdraw from the agreement at any point. Interestingly, the company’s decision to become a profit-making entity coincided with the release of its text-to-image generator, DALL.E, and its successor, DALL.E 2, which was launched last year and sparked a wave of generative AI research and startups.

Download our Mobile App

Shritama Saha
Shritama is a technology journalist who is keen to learn about AI and analytics play. A graduate in mass communication, she is passionate to explore the influence of data science on fashion, drug development, films, and art.

Subscribe to our newsletter

Join our editors every weekday evening as they steer you through the most significant news of the day.
Your newsletter subscriptions are subject to AIM Privacy Policy and Terms and Conditions.

Our Upcoming Events

15th June | Bangalore

Future Ready | Lead the AI Era Summit

15th June | Online

Building LLM powered applications using LangChain

17th June | Online

Mastering LangChain: A Hands-on Workshop for Building Generative AI Applications

20th June | Bangalore

Women in Data Science (WiDS) by Intuit India

Jun 23, 2023 | Bangalore

MachineCon 2023 India

26th June | Online

Accelerating inference for every workload with TensorRT

MachineCon 2023 USA

Jul 21, 2023 | New York

Cypher 2023

Oct 11-13, 2023 | Bangalore

3 Ways to Join our Community

Telegram group

Discover special offers, top stories, upcoming events, and more.

Discord Server

Stay Connected with a larger ecosystem of data science and ML Professionals

Subscribe to our Daily newsletter

Get our daily awesome stories & videos in your inbox
MOST POPULAR

Can Apple Save Meta?

The iPhone kicked off the smartphone revolution and saved countless companies. Could the Pro Reality headset do the same for Meta?