Global consulting firm Ernst and Young (EY) has launched new artificial intelligence platform EY.ai. This solution leverages the company’s technology platform and capabilities with expertise in strategy, transactions, transformation, and risk assurance. EY has said that after an initial pilot of 4,200 team members, the company will be releasing a large language model called EY.ai EYQ, along with rolling AI learning and development programs.
For EY.ai, AI solutions have been embedded into proprietary technologies like EY Fabric. The $1.4 billion investment has been directed to build this solution and to secure a series of EY technology acquisitions with supporting cloud and automation technologies.
“AI’s moment is now. Every business is considering how it will be integrated into operations and its impact on the future. However, the adoption of AI is more than a technology challenge. That's why EY teams help clients identify how to capture the transformative power of AI from every seat at the boardroom table and across the enterprise. It’s about unlocking new economic value responsibly to realize the vast potential of this technological evolution,” said Carmine Di Sibio, chairman and chief executive officer, EY Global.
EY has also built alliances with companies like Dell Technologies, IBM, Microsoft, and Thomson Reuters for developing EY.ai. For instance, Microsoft has provided the EY an early access to Azure OpenAI capabilities, such as GPT-3 and GPT-4.
“EY.ai reflects the culmination of work and knowledge that the EY organization has been building for a decade. The AI capabilities that EY teams have built and work with clients to date further validates that AI is transformative. I am highly confident that a human-centered approach to transformation using AI will empower EY people, enhance the quality of client work and ultimately change our working world for the better,” said Nicola Morini-Bianzino, EY global chief technology officer.