KPMG is making a $2 billion bet on AI. It's another example of big changes that are coming to the workplace.
, KPMG will invest $2 billion over five years into the team effort, Carl Carande, US vice chair and global head of KPMG Advisory, told Insider. Microsoft didn't put a monetary figure on its part of the effort.for KPMG's employees and clients, he said."I think some of the legacy ways of doing business executing services are going to become obsolete," Carande said.
"AI can help analyze historical data, identify patterns, and detect correlations that may not be apparent to human analysts," he said. "A human with experience, intuition, and insider knowledge is still essential for picking out hard-to-detect anomalies," Carande said."But generative AI provides a huge head start."
technology, to perform tasks like drafting content, creating code, and summarizing documents, Carande said.
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