KPMG to invest $2 billion in AI, cloud services By Reuters

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<span>© Reuters. FILE PHOTO: The KPMG logo is seen at the company’s head offices in Parktown, Johannesburg, South Africa, September 15, 2017. REUTERS/Siphiwe Sibeko/File Photo</span><br />
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<p>(Reuters) -KPMG said on Tuesday it will spend $2 billion on artificial intelligence and cloud services through an expanded partnership with Microsoft (NASDAQ:), closely following Accenture (NYSE:) in betting on the latest technologies to weather a slowdown in advisory deals.</p>
<p>The accounting firm said it will incorporate AI into its core audit, tax and advisory services for clients as part of the five-year partnership.</p>
<p>Professional services firms face a slowdown in business as their customers downsize or hold off on consulting and transformation projects to save costs in a challenging macro economic environment.</p>
<p>The expanded partnership will help support KPMG’s clients and 2,500 customers serviced jointly by KPMG and Microsoft.</p>
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<br /><a href="https://www.investing.com/news/stock-market-news/kpmg-plans-2-billion-investment-in-ai-and-cloud-services–wsj-3123737">Source link </a></p><p>The post <a href="https://forextraderhub.com/kpmg-to-invest-2-billion-in-ai-cloud-services-by-reuters.html">KPMG to invest $2 billion in AI, cloud services By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>