Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

KPMG, Microsoft teaming to bring more AI to workplace

Jul 14, 2023 - businessinsider.com
KPMG, one of the world's largest accounting and consulting firms, is partnering with Microsoft to invest $2 billion over five years in the development of generative AI tools. The tools will be used in areas such as supply chain management and cybersecurity, with the aim of helping KPMG's clients and its 265,000 employees in 143 countries. The partnership is a significant indicator of the rapid spread of AI technology.

The AI tools will help companies analyze historical data, identify patterns, and detect correlations that may not be apparent to human analysts. They will also assist in interpreting a range of data to provide quicker information about potential threats and how to respond to them. Despite the increased use of AI, KPMG has stated that it has not led to layoffs so far. However, the firm acknowledges that future hiring for certain roles may change due to the increased use of AI.

Key takeaways:

  • KPMG is partnering with Microsoft and investing $2 billion over five years to develop generative AI tools for areas like supply chain management and cybersecurity.
  • The AI tools will be used by KPMG's employees and clients, with the aim of making some traditional business practices obsolete.
  • AI is already being used by KPMG's US employees for tasks like drafting content, creating code, and summarizing documents, but it has not led to layoffs so far.
  • Carl Carande, US vice chair and global head of KPMG Advisory, believes that the use of AI will change the hiring considerations for certain roles and will enable professionals to add more value faster.
View Full Article

Comments (0)

Be the first to comment!