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EY launches AI platform and LLM after $1.4 billion investment

Sep 13, 2023 - venturebeat.com
Professional services firm EY has launched EY.ai, a platform designed to enhance AI adoption among its clients. The platform, which has seen an investment of $1.4 billion, includes alliances with Microsoft, Dell Technologies, IBM, SAP, ServiceNow, Thomson Reuters, and UiPath. EY plans to release a secure, large language model named EY.ai EYQ, following a pilot with 4,200 EY tech-focused team members.

EY's global CTO, Nicola Morini Bianzino, stated that the new AI offerings provide clients with a "treasure map" to successfully embark on their AI journey. The offerings are designed to help clients develop a valid framework, assess their organization's maturity, and provide a roadmap for AI deployment. Bianzino believes that systematizing knowledge into a technology solution can significantly increase enterprise value.

Key takeaways:

  • EY has launched EY.ai, a platform designed to help clients increase AI adoption. The platform is supported by alliances with companies such as Microsoft, Dell Technologies, IBM, SAP, ServiceNow, Thomson Reuters and UiPath.
  • EY has invested $1.4 billion in the platform, which includes AI integration into proprietary EY technologies like EY Fabric. The platform is used by 60,000 EY clients and over 1.5 million unique client users.
  • EY's global chief technology officer, Nicola Morini Bianzino, believes that generative AI can significantly increase enterprise value by systematizing knowledge into an ontology and making it part of a technology solution.
  • Bianzino describes EY.ai as a "treasure map" that can help enterprise clients successfully embark on their AI journey by providing a valid framework, assessing the organization's maturity, and offering a roadmap for AI deployment.
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