WTAI - Ernst & Young's Ambitious AI Agenda: $1.4B Investment EY.ai EYQ and Workforce Training | Benzinga
Consulting firm Ernst & Young disclosed a significant investment of $1.4 billion into artificial intelligence and the introduction of its proprietary large language model, EY.ai EYQ. EY also unveiled plans to provide AI training to its extensive workforce comprising 400,000 employees.
EY's exact annual budget for AI endeavors exceeds the total amount spent on AI by the firm over the past five years. The upcoming investments will focus on refining the firm's large language model and expanding its AI capabilities.
Several of EY's counterparts have also made substantial AI-related announcements in recent times. KPMG disclosed its intention to allocate $2 billion to AI and global cloud services over the next five years, while Accenture Plc (NYSE: ACN) committed $3 billion to enhance ...