EY invests null.4 billion in AI tech, launches new platform

Ernst & Young revealed billions of dollars of investments into AI technologies and the launch of a new AI-powered platform for its clients and internal personnel.
Ernst & Young (EY), one of the Big Four global professional services providers, announced the development of a new artificial intelligence (AI)-powered platform for its clients.

In a post on Sept. 13, the London-based firm revealed it had invested null.4 billion into AI technologies for its new EY.ai platform, which aims to help organizations adopt AI. The platform is based on EY’s own large language model (LLM), EY AI EYQ.

It said that a collaboration with Microsoft provided EY with early access to Azure OpenAI capabilities, including ChatGPT-3 and ChatGPT-4. EY also jointly invested with Dell in Dell Generative AI Solutions, which aims to simplify the adoption of generative AI with LLMs.

The billions in AI investments will also go to embedding the technology into existing EY services, such as EY Fabric, which is already used by 60,000 clients with millions of unique users, along with the acquisition of additional technology supporting cloud and automation.