KPMG to expand ties with Microsoft, will spend $2 billion in AI, cloud services
In a bid to include latest technologies like AI and cloud services, KPMG, will spend $2 billion on the same through an expanded partnership with Microsoft, the accounting firm said on Tuesday. The move has come come after Accenture is heading towards the latest technologies to weather a slowdown in advisory deals.
KPMG will incorporate AI into its core audit, tax and advisory services for clients as part of the five-year partnership. The expanded partnership will help support KPMG's clients and 2,500 customers serviced jointly by KPMG and Microsoft.
Due to falling number of customers, professional sevices firms are facing a slowdown in their business. Other reason is hold off on consulting and transformation projects to save costs in a challenging macro economic environment.
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