KPMG Signs Pact With Microsoft To Embrace AI Future

Accounting firm KPMG signed an agreement with Microsoft to expand their global relationship with an aim to put artificial intelligence (AI) at the forefront of its professional services.

The industry-leading collaboration between the two global organizations includes a KPMG multibillion dollar commitment in Microsoft cloud and AI services over the next five years, according to a joint statement. This will help KPMG in unlocking potential incremental growth opportunity of over $12 billion, it said.

KPMG is looking to spend $2 billion on AI and cloud services, according to Reuters.

“KPMG is embracing the future, and we believe that AI is key to unlocking sustainable growth in a way that will build a better future for our people, our clients and society,” KPMG International Global Chairman and Chief Executive Officer Bill Thomas said in the statement.

As an early access partner for Microsoft 365 Copilot and Azure OpenAI Service, KPMG professionals will pilot the technologies with select business groups across the global organization, according to the statement.

“Our expanded partnership with KPMG will bring together AI innovation across the Microsoft Cloud with KPMG’s tax, audit and advisory expertise to empower its employees and unlock insights for its customers,” Microsoft Chairman and CEO Satya Nadella said.

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