PYMNTS.com November 20, 2024

KPMG will spend $100 million over the next four years on its enterprise AI services.

It’s part of an artificial intelligence (AI) partnership between the professional services giant and Google Cloud, Steve Chase, vice chair of AI and innovation for KPMG, said in an interview with Reuters posted Wednesday (Nov. 20).

While part of the $100 million will cover payments to Google, most will be spent on in-house projects that use Google’s tech, Chase said, such as developing AI agents and training KPMG staff to become proficient in the technology.

The Reuters report notes that while Wall Street is waiting on the tech sector to show it can offer a return on the billions it has invested in AI, professional...

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Topics: AI (Artificial Intelligence), Cloud, Investments, Partnerships, Technology, Trends
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