Ernst & Young's Ambitious AI Agenda: $1.4B Investment, EY.ai EYQ, and Workforce Training
Portfolio Pulse from Anusuya Lahiri
Ernst & Young (EY) has announced a $1.4 billion investment into artificial intelligence (AI) and the launch of its large language model, EY.ai EYQ. The firm also plans to provide AI training to its 400,000 employees. This investment exceeds EY's total AI expenditure over the past five years. Other consulting firms such as KPMG, Accenture Plc, PricewaterhouseCoopers, and Deloitte have also announced significant investments in AI. EY's new platform aims to address privacy and data security issues associated with large language models.
September 14, 2023 | 3:21 pm
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Accenture Plc has committed $3 billion to enhance its data and AI practice.
Accenture's significant investment in AI indicates a strategic focus on this technology, which could lead to new business opportunities and increased competitiveness.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
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Alphabet Inc's Google tapped AI kingpin Nvidia Corp to accomplish its AI ambitions.
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CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
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Microsoft's launch of premium AI features for its Microsoft 365 service shows its commitment to AI, which could attract more customers and increase its market share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
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CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70