EY announces launch of artificial intelligence platform EY.ai following US$1.4b investment – Insider Monkey
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EY announces launch of artificial intelligence platform EY.ai following US$1.4b investment
13-Sep-2023Rachel Lloyd
EY reports record global revenue results of just under US$50b
13-Sep-2023Rachel Lloyd
Doris Hsu from Taiwan named EY World Entrepreneur Of The Year™ 2023
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Director, Media Relations and Social Media, Ernst & Young LLP
The global EY organization (EY) today announces the launch of EY.ai, a unifying platform that brings together human capabilities and artificial intelligence (AI) to help clients transform their businesses through confident and responsible adoption of AI. EY.ai leverages leading-edge EY technology platforms and AI capabilities, with deep experience in strategy, transactions, transformation, risk, assurance and tax, all augmented by a robust AI ecosystem.
EY investments of US$1.4b have provided the foundation for the EY.ai platform. These investments have supported the embedding of AI into proprietary EY technologies like EY Fabric, used by 60,000 EY clients and more than 1.5 million unique client users, as well as helping secure a series of EY technology acquisitions with supporting cloud and automation technologies.
Carmine Di Sibio, EY Global Chairman and CEO, says:
“AI’s moment is now. Every business is considering how it will be integrated into operations and its impact on the future. However, the adoption of AI is more than a technology challenge. That's why EY teams help clients identify how to capture the transformative power of AI from every seat at the boardroom table and across the enterprise. It’s about unlocking new economic value responsibly to realize the vast potential of this technological evolution.”
EY is helping to realize the potential of EY people with AI knowledge and skills. Following an initial pilot with 4,200 EY technology-focused team members, the global organization will be releasing a secure, large language model called EY.ai EYQ. In addition, EY will roll out bespoke AI learning and development for EY people.
The EY comprehensive learning program elevates and expands the AI skills of EY people, including the responsible use of AI. It builds on the extensive AI, data and analytics learning badge curriculum and credentials introduced in 2018, with over 100,000 credentials awarded to date, as well as the EY Tech MBA launched in 2020.
EY.ai brings together an AI ecosystem encompassing a range of business, technological and academic capabilities in AI. This includes leading-edge alliances with some of the world’s most innovative organizations, including Dell Technologies, IBM, Microsoft, SAP, ServiceNow, Thomson Reuters and UiPath – as well as other emerging leaders that are defining the future of AI.
Building on the existing strategic alliance, Microsoft has provided the EY organization early access to Azure OpenAI capabilities, such as GPT-3 and GPT-4. With support from Microsoft and leveraging Azure OpenAI Services, EY teams are building and deploying advanced Generative AI solutions to enhance EY service offerings.
The EY-Dell Technologies alliance invests jointly in AI-focused capabilities, including Dell Generative AI Solutions, a set of Dell products and services simplifying the adoption of full-stack generative AI with LLMs, meeting organizations wherever they are in their generative AI journey; clients can prototype and deploy use cases on a validated architecture of purpose-built hardware, software, and embedded security optimized for generative AI.
With Thomson Reuters, EY is expanding and will serve as a transformative force by combining content and insights across tax, law, global trade, and environmental, social and governance (ESG) services, and accelerating the co-development of new, AI-driven solutions and services.
Andy Baldwin, EY Global Managing Partner – Client Service, says:
"Empowered by a significant number of data and AI professionals, EY.ai is poised to unlock the full spectrum of knowledge and insights that EY teams can provide to companies aiming to revolutionize their operations with AI. Importantly, this is a collaborative endeavor. The EY alliance ecosystem plays a pivotal role in linking clients with the most advanced technology, infrastructure and proficiency available today. As EY.ai merges the capabilities of EY ecosystem collaborators with AI-enhanced teams, the aspiration is to deliver an unparalleled level of excellence in client service."
EY.ai will be underpinned by the EY.ai Confidence Index which leverages industry-leading practices for risk, governance and data management to deliver comprehensive AI evaluation and monitoring. The Index will be complemented by the EY.ai Maturity Model which systematically reviews where an enterprise stands compared to market and industry peers, and the EY.ai Value Accelerator, which helps to prioritize initiatives and solutions for the greatest strategic impact and growth.
EY.ai will also put AI capabilities into the hands of EY teams and 1.5m users globally by embedding generative AI and leading-edge development tools into EY Fabric, the organization’s award-winning global technology backbone that powers 80% of the US$50b EY business. This will help client serving teams to respond faster to global business transformation priorities.
EY.ai also follows numerous AI solutions and services, including:
Nicola Morini-Bianzino, EY Global Chief Technology Officer, says:
“EY.ai reflects the culmination of work and knowledge that the EY organization has been building for a decade. The AI capabilities that EY teams have built and work with clients to date further validates that AI is transformative. I am highly confident that a human-centered approach to transformation using AI will empower EY people, enhance the quality of client work and ultimately change our working world for the better.”
EY and the University of Southern California’s School of Advanced Computing are in active discussions regarding a joint-research opportunity. This follows a US$1b Frontier of Computing initiative launched by the university, with a focus on advancing AI technology guided by ethics and responsibility.
The launch of EY.ai will be supported by a new integrated marketing program built around the creative theme of ‘The Face of the Future’. Spearheading the campaign is advertising that features EY people augmented and empowered by AI – to highlight multiple EY services that will increasingly be AI empowered. Anchored in EY’s purpose of Building a Better Working World, the overall campaign will bring to life how the EY.ai platform can help clients and society at large build confidence, help create exponential value and make a positive human impact. Media is scheduled to go live across all channels in October.
Visit ey.ai for more information.
-ends-
EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
See more
See more
AI insights
CEO agenda
CFO agenda
EY Center for board matters
EY podcasts
EY webcasts
Operations leaders
Technology leaders
See more
EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.
See more
EY.ai – A unifying platform
Strategy, transaction and transformation consulting
Technology transformation
Tax function operations
Climate change and sustainability services
EY Ecosystems
EY Nexus: business transformation platform
Discover how EY insights and services are helping to reframe the future of your industry.
See more
Consulting
How Mojo Fertility is helping more men conceive
26-Sep-2023Lisa Lindström
Strategy and Transactions
How a cosmetics giant’s transformation strategy is unlocking value
13-Sep-2023Nobuko Kobayashi
Technology
How a global biopharma became a leader in ethical AI
15-Aug-2023Catriona Campbell
We bring together extraordinary people, like you, to build a better working world.
See more
Experienced professionals
EY-Parthenon careers
Student and entry level programs
Talent community
At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.
See more
EY announces launch of artificial intelligence platform EY.ai following US$1.4b investment
13-Sep-2023Rachel Lloyd
EY reports record global revenue results of just under US$50b
13-Sep-2023Rachel Lloyd
Doris Hsu from Taiwan named EY World Entrepreneur Of The Year™ 2023
09-Jun-2023Lauren Mosery
No results have been found
Topics
General
People
Recent Searches
Trending
How telecommunications sector emerged as a climate disclosure leader
The telecommunications and technology sector has emerged as a leader in climate-related financial disclosures. Learn more.
How can a rebalance of power help re-energize your workforce?
Explore the EY 2023 Work Reimagined Survey with global insights from 17,050 employees, and 1,575 employers, revealing the contours of workforce realities.
How artificial intelligence can augment a people-centered workforce
AI is disrupting approaches to talent strategy, risk and resilience. Learn why it’s crucial to blend operational gains with a people-first mindset.
Select your location
expand_more
Press contact
Director, Media Relations and Social Media, Ernst & Young LLP
The global EY organization (EY) today announces the launch of EY.ai, a unifying platform that brings together human capabilities and artificial intelligence (AI) to help clients transform their businesses through confident and responsible adoption of AI. EY.ai leverages leading-edge EY technology platforms and AI capabilities, with deep experience in strategy, transactions, transformation, risk, assurance and tax, all augmented by a robust AI ecosystem.
EY investments of US$1.4b have provided the foundation for the EY.ai platform. These investments have supported the embedding of AI into proprietary EY technologies like EY Fabric, used by 60,000 EY clients and more than 1.5 million unique client users, as well as helping secure a series of EY technology acquisitions with supporting cloud and automation technologies.
Carmine Di Sibio, EY Global Chairman and CEO, says:
“AI’s moment is now. Every business is considering how it will be integrated into operations and its impact on the future. However, the adoption of AI is more than a technology challenge. That's why EY teams help clients identify how to capture the transformative power of AI from every seat at the boardroom table and across the enterprise. It’s about unlocking new economic value responsibly to realize the vast potential of this technological evolution.”
EY is helping to realize the potential of EY people with AI knowledge and skills. Following an initial pilot with 4,200 EY technology-focused team members, the global organization will be releasing a secure, large language model called EY.ai EYQ. In addition, EY will roll out bespoke AI learning and development for EY people.
The EY comprehensive learning program elevates and expands the AI skills of EY people, including the responsible use of AI. It builds on the extensive AI, data and analytics learning badge curriculum and credentials introduced in 2018, with over 100,000 credentials awarded to date, as well as the EY Tech MBA launched in 2020.
EY.ai brings together an AI ecosystem encompassing a range of business, technological and academic capabilities in AI. This includes leading-edge alliances with some of the world’s most innovative organizations, including Dell Technologies, IBM, Microsoft, SAP, ServiceNow, Thomson Reuters and UiPath – as well as other emerging leaders that are defining the future of AI.
Building on the existing strategic alliance, Microsoft has provided the EY organization early access to Azure OpenAI capabilities, such as GPT-3 and GPT-4. With support from Microsoft and leveraging Azure OpenAI Services, EY teams are building and deploying advanced Generative AI solutions to enhance EY service offerings.
The EY-Dell Technologies alliance invests jointly in AI-focused capabilities, including Dell Generative AI Solutions, a set of Dell products and services simplifying the adoption of full-stack generative AI with LLMs, meeting organizations wherever they are in their generative AI journey; clients can prototype and deploy use cases on a validated architecture of purpose-built hardware, software, and embedded security optimized for generative AI.
With Thomson Reuters, EY is expanding and will serve as a transformative force by combining content and insights across tax, law, global trade, and environmental, social and governance (ESG) services, and accelerating the co-development of new, AI-driven solutions and services.
Andy Baldwin, EY Global Managing Partner – Client Service, says:
"Empowered by a significant number of data and AI professionals, EY.ai is poised to unlock the full spectrum of knowledge and insights that EY teams can provide to companies aiming to revolutionize their operations with AI. Importantly, this is a collaborative endeavor. The EY alliance ecosystem plays a pivotal role in linking clients with the most advanced technology, infrastructure and proficiency available today. As EY.ai merges the capabilities of EY ecosystem collaborators with AI-enhanced teams, the aspiration is to deliver an unparalleled level of excellence in client service."
EY.ai will be underpinned by the EY.ai Confidence Index which leverages industry-leading practices for risk, governance and data management to deliver comprehensive AI evaluation and monitoring. The Index will be complemented by the EY.ai Maturity Model which systematically reviews where an enterprise stands compared to market and industry peers, and the EY.ai Value Accelerator, which helps to prioritize initiatives and solutions for the greatest strategic impact and growth.
EY.ai will also put AI capabilities into the hands of EY teams and 1.5m users globally by embedding generative AI and leading-edge development tools into EY Fabric, the organization’s award-winning global technology backbone that powers 80% of the US$50b EY business. This will help client serving teams to respond faster to global business transformation priorities.
EY.ai also follows numerous AI solutions and services, including:
Nicola Morini-Bianzino, EY Global Chief Technology Officer, says:
“EY.ai reflects the culmination of work and knowledge that the EY organization has been building for a decade. The AI capabilities that EY teams have built and work with clients to date further validates that AI is transformative. I am highly confident that a human-centered approach to transformation using AI will empower EY people, enhance the quality of client work and ultimately change our working world for the better.”
EY and the University of Southern California’s School of Advanced Computing are in active discussions regarding a joint-research opportunity. This follows a US$1b Frontier of Computing initiative launched by the university, with a focus on advancing AI technology guided by ethics and responsibility.
The launch of EY.ai will be supported by a new integrated marketing program built around the creative theme of ‘The Face of the Future’. Spearheading the campaign is advertising that features EY people augmented and empowered by AI – to highlight multiple EY services that will increasingly be AI empowered. Anchored in EY’s purpose of Building a Better Working World, the overall campaign will bring to life how the EY.ai platform can help clients and society at large build confidence, help create exponential value and make a positive human impact. Media is scheduled to go live across all channels in October.
Visit ey.ai for more information.
-ends-
EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
