EY announces launch of AI platform EY.ai, $1.4bn invested over 18 mths

Consulting firm EY today announced the launch of its artificial intelligence platform, EY.ai. The platform is backed by an investment of $1.4 billion, part of EY’s larger $10 billion enterprise investment plan spanning three years, which was announced in 2021.

The unveiling of EY.ai occurs as other key players in the IT services sector also announce substantial investments to bolster their expertise in artificial intelligence.

According to the company statement, EY.ai incorporates state-of-the-art EY technology platforms and AI capabilities. It brings together expertise in strategy, transactions, transformation, risk, assurance, and tax, all augmented by a robust AI ecosystem.