September 14, 2023
At a Glance
- EY investing $1.4B in AI capabilities and a new EY.ai platform
- The platform includes its own EYQ language model and partner ecosystem
Big Four accounting firm EY has unveiled EY.ai, a new platform aimed at integrating AI across the company's offerings.
EY is investing some $1.4 billion into AI capabilities – including launching its own platform to enable services teams to adopt AI.
EY.ai is powered by the company’s own large language model, dubbed EYQ. The platform provides AI for risk assessment and other tasks and can even connect clients with AI providers like Microsoft, Dell and IBM through a partner ecosystem.
The platform reflects a decade of AI investment and work, according to EY's chief technology officer, Nicola Morini-Bianzino. “The AI capabilities that EY teams have built and work with clients to date further validate that AI is transformative,” Morini-Bianzino added.
As part of its AI work, EY was given early access to Azure OpenAI capabilities – including access to the powerful GPT-4 model from OpenAI. EY staff are using its access to build and deploy generative AI solutions to enhance EY service offerings.
Also part of the EY AI scheme will see the company’s employees given AI training.
The launch of EY.ai follows the company’s pilot of a Payroll Chatbot, which answers complex employee payroll questions.
Stay updated. Subscribe to the AI Business newsletter.
Read more about:ChatGPT / Generative AI
About the Author(s)
You May Also Like