KPMG set to invest $2 billion in AI as part of Microsoft partnership

KPMG is set to invest $2 billion in artificial intelligence (AI) and cloud services through an expanded partnership with Microsoft, the firm said on Tuesday.

The company said that it will incorporate AI into its core audit, tax and advisory services for clients as part of the five-year partnership. This partnership will help support KPMG’s clients and 2,500 customers serviced jointly by KPMG and Microsoft.

The move has come after Accenture is heading towards the latest technologies to weather a slowdown in advisory deals. Due to the falling number of customers, professional services firms are facing a slowdown in their business.