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EY has announced the launch of EY.ai, following a $1.4bn (£1.13m) investment.
According to EY, EY.ai is a unifying platform that brings together human capabilities and artificial intelligence (AI) to help clients transform their businesses through “confident” and “responsible” adoption of AI.
EY.ai leverages EY technology platforms and AI capabilities, with deep experience in strategy, transactions, transformation, risk, assurance and tax, all augmented by a robust AI ecosystem.
EY stated that its investments have supported the embedding of AI into proprietary EY technologies like EY Fabric, used by 60,000 EY clients and more than 1.5 million unique client users, as well as helping secure a series of EY technology acquisitions with supporting cloud and automation technologies.
Following an initial pilot with 4,200 EY technology-focused team members, the global organisation will be releasing a secure, large language model called EY.ai EYQ. In addition, EY will roll out bespoke AI learning and development for EY people.
The launch of EY.ai will be supported by a new integrated marketing program built around the creative theme of ‘The Face of the Future’.
Carmine Di Sibio, EY global chairman and CEO, said: “AI’s moment is now. Every business is considering how it will be integrated into operations and its impact on the future. However, the adoption of AI is more than a technology challenge.
“That’s why EY teams help clients identify how to capture the transformative power of AI from every seat at the boardroom table and across the enterprise. It’s about unlocking new economic value responsibly to realise the vast potential of this technological evolution.”
Nicola Morini-Bianzino, EY global chief technology officer, added: “EY.ai reflects the culmination of work and knowledge that the EY organisation has been building for a decade.
“The AI capabilities that EY teams have built and work with clients to date further validates that AI is transformative. 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.”
