EY invests $1.4 billion in AI tech, launches new platform

EY invests $1.4 billion in AI tech, launches new platformCredit: CoinTelegraph

CoinTelegraph

8 days ago

The Big Four company says its new EY.ai platform aims to help organizations adopt AI technologies and will be embedded into existing EY technologies with millions of users.

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EY, one of the world's largest professional services firms, has announced a $1.4 billion investment into Artificial Intelligence (AI) technology, as well as the launch of a new AI platform. The new platform, called EY AI, is designed to help clients better leverage the power of AI to drive business transformation. EY AI will enable businesses to accelerate the development and deployment of AI solutions, providing them with the tools and capabilities needed to unlock the potential of AI for their organizations. EY AI will also provide access to a range of AI capabilities, such as natural language processing, computer vision, and machine learning, which can help companies quickly develop and deploy AI-driven applications. The platform will also provide access to a range of AI experts who can help companies develop and deploy AI solutions faster and more effectively.

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Frequently asked questions

What is the AI technology that EY is investing in?

EY is investing $1.4 billion in artificial intelligence (AI) technology, including the development of a new AI platform.

What is the purpose of the new AI platform?

The new AI platform will allow EY to provide its clients with more advanced artificial intelligence solutions.

How will EY's investment in AI technology benefit businesses?

EY's investment in AI technology will help businesses to increase efficiency, reduce costs, and gain insight into their operations.

How will the new AI platform be used?

The new AI platform will be used to develop solutions for EY's clients that utilize artificial intelligence to automate processes and improve decision-making.

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