Wednesday, July 12, 2023

KPMG to invest US$2 billion in AI, cloud services

BENGALURU: KPMG said on Tuesday (July 11) it will spend US$2 billion (RM9.2 billion) on artificial intelligence (AI) and cloud services through an expanded partnership with Microsoft, closely following Accenture in betting on the latest technologies to weather a slowdown in advisory deals.

The accounting firm said it will incorporate AI into its core audit, tax and advisory services for clients as part of the five-year partnership.

Professional services firms face a slowdown in business as their customers downsize or hold off on consulting and transformation projects to save costs in a challenging macro economic environment.

The expanded partnership will help support KPMG’s clients and 2,500 customers serviced jointly by KPMG and Microsoft. – Reuters



Source: The Sun Daily

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