KPMG Plans To Generate $12B In Revenue Over Five Years With AI, Cloud Tech Boost
Portfolio Pulse from Vandana Singh
KPMG plans to invest $2 billion in AI and cloud services over the next five years, as part of an expanded partnership with Microsoft. The investment is expected to generate over $12 billion in revenue, approximately 7% of KPMG's global revenue. The partnership includes early access to Microsoft 365 Copilot, an AI assistant, and use of Microsoft's Azure cloud platform. The investment aims to automate aspects of KPMG's tax, audit, and consulting services, and assist more companies in integrating AI into their operations.
July 12, 2023 | 1:10 pm
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Microsoft's partnership with KPMG is expected to boost its AI and cloud services. KPMG will gain early access to Microsoft 365 Copilot and use Microsoft's Azure cloud platform. This could potentially increase Microsoft's revenue and market share in the AI and cloud services sector.
The partnership with KPMG will provide Microsoft with a significant client for its AI and cloud services. This could lead to increased usage and adoption of Microsoft's services, potentially driving up its revenue and market share. Additionally, the early access to Microsoft 365 Copilot and use of Azure cloud platform by KPMG could serve as a strong endorsement for Microsoft's products, attracting more clients.
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