EY launches AI platform and LLM after $1.4 billion investment

EY’s Groundbreaking Initiative: EY.ai

Professional services leader EY has just unveiled EY.ai, a revolutionary platform designed to empower clients in their quest to enhance AI adoption. This dynamic platform integrates a comprehensive AI ecosystem, featuring diverse capabilities and strategic partnerships with industry giants. Notable collaborators include Microsoft, which granted EY early access to Azure OpenAI technologies, including GPT-3 and GPT-4. EY’s alliances also encompass Dell Technologies, IBM, SAP, ServiceNow, Thomson Reuters, and UiPath.

The commitment to EY.ai is substantial, with a foundational investment of $1.4 billion. This investment extends to the infusion of AI capabilities into EY’s proprietary technologies, such as EY Fabric, a trusted solution already employed by over 60,000 EY clients and more than 1.5 million unique users. Additionally, EY has pursued a strategic path, including acquisitions in cloud and automation technologies, to reinforce its AI prowess.

EY’s Pioneering Language Model – EY.ai EYQ

A noteworthy revelation is the imminent release of EY’s secure and expansive language model, EY.ai EYQ. This development follows a successful pilot program involving 4,200 EY team members, all dedicated to technology advancement.

The Power of Generative AI in Knowledge Management

Approximately eight months ago, VentureBeat engaged in a thought-provoking conversation with EY’s global chief technology officer, Nicola Morini Bianzino, regarding the transformative potential of generative AI in enterprise knowledge management. He described this as the “dialectic of AI.” According to Bianzino, organizations like EY, with their extensive history and large workforce, possess a wealth of knowledge distributed across their operations. This knowledge is intangible yet essential, akin to the organization’s soul. However, it remains beyond reach. Bianzino envisions a future where this knowledge is systematized into an ontology and integrated into a technological solution, thereby significantly augmenting enterprise value.

Confidence in AI for Enterprises

In a recent interview with VentureBeat, Bianzino emphasized that EY’s new AI offerings provide clients with a heightened level of confidence in AI’s suitability for enterprise applications. He addressed the pressing question of how to measure the future compliance of AI solutions, stating, “That’s where we have a very strong ability to help clients develop a valid framework, assess the maturity of the organization, and then offer a roadmap that allows clients to deploy AI with confidence.” He likened EY.ai to a “treasure map,” guiding enterprise clients on a successful journey into the world of AI.

Discover more about EY’s groundbreaking initiatives and their commitment to enhancing AI adoption for enterprises.

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