KPMG International Ltd. on Tuesday announced its plan to invest $2 billion in artificial intelligence (AI) and cloud services over the next five years through an expanded partnership with Microsoft Corp, The Wall Street Journal reported.
The company expects this partnership to generate over $12 billion in revenue during the time period, accounting for approximately 7% of its global revenue. Through the investment, KPMG seeks to assist more organizations in integrating AI into their operations, emphasizing its goal to not eliminate jobs but rather to enhance its workforce by equipping employees with AI skills.
