Home News EY launches AI platform and LLM after $1.4 billion investment

EY launches AI platform and LLM after $1.4 billion investment

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At the moment skilled providers chief EY announced the launch of EY.ai, a complete platform to assist purchasers enhance AI adoption. The platform brings collectively an AI ecosystem with a variety of capabilities, with alliances with corporations together with Microsoft (which supplied EY with early entry to Azure OpenAI capabilities, comparable to GPT-3 and GPT-4), Dell Applied sciences, IBM, SAP, ServiceNow, Thomson Reuters and UiPath.

The corporate mentioned it has invested $1.4 billion as the inspiration for the platform, together with embedding AI into proprietary EY applied sciences like EY Cloth — utilized by 60,000 EY purchasers and greater than 1.5 million distinctive shopper customers, as nicely funding a sequence of cloud and automation know-how acquisitions. The announcement additionally included the truth that following an preliminary pilot with 4,200 EY technology-focused crew members, EY shall be releasing a safe, massive language mannequin referred to as EY.ai EYQ.

EY CTO has weighed in on ‘killer use case’ of gen AI

The announcement comes nearly precisely eight months since VentureBeat spoke to EY’s international chief know-how officer, Nicola Morini Bianzino, in regards to the “killer use case” of generative AI within the enterprise. Bianzino instructed VentureBeat in January that this may be round generative AI’s influence on information administration, that he described because the “dialectic of AI.”

“When you consider a company like ours, we have now 360,000 individuals, we have now plenty of instruments and capabilities constructed within the greater than 100 years of our historical past,” he mentioned on the time. “However that information is distributed now, you may’t actually contact it; it’s the soul of our group, but it surely’s immaterial.” In the event you might systematize it into an ontology and make it a part of a know-how answer, you may enhance enterprise worth considerably, he continued.

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New AI choices assist present ‘treasure map’ for enterprises

In an interview in the present day with VentureBeat, Bianzino mentioned that EY’s new proprietary AI choices supply its purchasers “a stage of confidence” in AI capabilities which are appropriate for the enterprise.

“What we need to do with EY.ai relies on numerous interactions and conversations as individuals begin to perceive the potential influence of this know-how however are asking us, ‘how would you measure the long run compliance of those options?’” he defined. “That’s the place we have now a really robust skill to assist purchasers develop a legitimate framework, assess the maturity of the group, after which supply a roadmap that permits purchasers to deploy AI with confidence.”

It’s, he mentioned, nearly a “treasure map” to assist enterprise purchasers embark — and succeed — on their AI journey.

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