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EY Unveils AI-Powered Platform for Organizational Adoption of Artificial Intelligence

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Summary:
Ernst & Young (EY) has developed an AI-powered platform, EY.ai, to assist organizations in adopting artificial intelligence. With a $1.4 billion investment, the platform is based on EY's own language model and incorporates Azure OpenAI capabilities. The funds will also be used to integrate AI into existing EY services and acquire technology supporting cloud and automation. EY emphasizes responsible AI adoption and has been actively incorporating emerging technologies into its operations. The company's efforts reflect a broader trend of major global enterprises embracing AI.
Global professional services provider, Ernst & Young (EY), has unveiled its new AI-powered platform aimed at assisting organizations in adopting artificial intelligence. The London-based firm has invested $1.4 billion into developing the platform, called EY.ai, which is based on their own large language model (LLM) called EY ai EYQ. EY collaborated with Microsoft to gain early access to Azure OpenAI capabilities, including GPT-3 and GPT-4, and also invested with Dell in Dell Generative AI Solutions to simplify the adoption of generative AI with LLMs. The investments will also be directed towards integrating the technology into existing EY services and acquiring technology that supports cloud and automation. EY's global chairman and CEO, Carmine Di Sibio, emphasized the importance of responsible adoption of AI to unlock its economic potential. EY has been actively merging emerging technologies into its operations and was involved in assisting a governmental agency in Norway to open an office in the metaverse. Other major global enterprises, such as Goldman Sachs, are also embracing AI and predict an upcoming AI revolution.

Published At

9/14/2023 11:24:09 AM

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