View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. AI and automation
September 13, 2023updated 14 Sep 2023 9:50am

EY invests $1.4bn in new AI platform and training

The firm's new EY.ai platform was built in partnership with IBM, Microsoft, Dell and others and includes a proprietary large language model.

By Ryan Morrison

Global consultancy company EY has announced the launch of a new AI platform, EY.ai, after an investment of $1.4bn in the technology. Comprising a large language model (LLM), an enterprise platform and a staff training program, EY said that it hoped EY.ai would “help organisations confidently adopt artificial intelligence” within their own workflows.

EY says its AI platform includes products from a range of companies including IBM and Microsoft (Photo: William Barton / Shutterstock)
EY says its AI platform includes products from a range of companies including IBM and Microsoft. (Photo by William Barton/Shutterstock)

Under development for 18 months, EY.ai includes business, technological and academic capabilities, and brings together services from Dell, IBM, Microsoft, SAP, Service and Thomson Reuters. EY says it has also included work from other emerging companies working in the AI space. Its new LLM, known as EY.ai EYQ, was additionally described by the company as “secure and enterprise ready,” and will be deployed alongside the company’s other commercial AI models.

The partnership with Dell includes a joint investment in AI-focused capabilities and generative AI. This also includes hardware products to simplify the adoption and rollout of full-stack generative AI. Additionally, EY said that its strategic alliance with Microsoft afforded the company early access to Azure-based OpenAI products and services, including GPT-4. This access will continue, said EY, as it enhances its generative AI offering for clients.

The new platform will also underpin the wider Confidence Index, which uses industry-leading practices for risk, governance and data management to deliver AI evaluation and monitoring. It will additionally be complemented by an “EY.ai Maturity Model” to review where an enterprise stands compared to the wider market, and a new payroll chatbot.

EY’s global CTO Nicola Morini-Bianzino, said that EY.ai is the product of over a decade of development work. “I am highly confident that a human-centred approach to transformation using AI will empower EY people, enhance the quality of client work and ultimately change our working world for the better,” she said.

Read more: Adobe and IBM among latest to sign AI watermarking code

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Topics in this article : ,
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU