EY launches AI platform and LLM after $1.4 billion investment

At this time skilled providers chief EY announced the launch of EY.ai, a complete platform to assist shoppers increase 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, equivalent to GPT-3 and GPT-4), Dell Applied sciences, IBM, SAP, ServiceNow, Thomson Reuters and UiPath.

The corporate stated it has invested $1.4 billion as the muse for the platform, together with embedding AI into proprietary EY applied sciences like EY Material — utilized by 60,000 EY shoppers and greater than 1.5 million distinctive shopper customers, as properly funding a collection of cloud and automation know-how acquisitions. The announcement additionally included the truth that following an preliminary pilot with 4,200 EY technology-focused workforce 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 virtually 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 informed VentureBeat in January that this could be round generative AI’s influence on information administration, that he described because the “dialectic of AI.”

“When you concentrate on a corporation like ours, we’ve got 360,000 individuals, we’ve got a number of instruments and capabilities constructed within the greater than 100 years of our historical past,” he stated on the time. “However that information is distributed now, you possibly can’t actually contact it; it’s the soul of our group, however it’s immaterial.” In case you may systematize it into an ontology and make it a part of a know-how answer, you possibly can enhance enterprise worth considerably, he continued.

New AI choices assist present ‘treasure map’ for enterprises

In an interview immediately with VentureBeat, Bianzino stated that EY’s new proprietary AI choices supply its shoppers “a stage of confidence” in AI capabilities which might be 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 longer term compliance of those options?’” he defined. “That’s the place we’ve got a really robust means to assist shoppers develop a legitimate framework, assess the maturity of the group, after which supply a roadmap that enables shoppers to deploy AI with confidence.”

It’s, he stated, virtually a “treasure map” to assist enterprise shoppers embark — and succeed — on their AI journey.