KPMG LLP and Microsoft establish industry-leading effort to extend generative AI across audit, tax and advisory

• Firms Co-Invest to Deliver Generative AI Solutions to U.S. Audit, Tax and Advisory Clients
• KPMG deploys Microsoft OpenAI capabilities across its internal platforms
• Collaboration enables a responsible and secure approach to deploying AI at scale

new york, May 11, 2023 /PRNewswire/ — KPMG LLP, a U.S. audit, tax and advisory firm, and Microsoft have established an AI innovation initiative to jointly develop solutions for clients across industries and to develop nearly all U.S. aspects of KPMG. We are focused on incorporating Azure OpenAI services into work. This effort is led by Cherry GartnerMicrosoft’s Global Lead Partner for KPMG.

“Embracing generative AI capabilities will shape business solutions and create new opportunities for growth and success for our company, industry and clients,” he said. Karl KalandeVice Chairman – Global Head of Advisory and Advisory for KPMG US. “Over the past decade, Microsoft and KPMG have worked together to put ethics and security at the heart of everything we do. We are able to deliver and maintain trust, enhance value for our stakeholders and deliver transformational value to our clients.”

Many of KPMG US’s partners and employees have already been able to apply Microsoft’s generative AI capabilities to KPMG’s own data within the company’s secure cloud platform built on Microsoft Azure, giving the company a client delivery model. We plan to incorporate generative AI features throughout. Through this collaboration with Microsoft and the use of the Azure OpenAI Service, KPMG will layer enterprise data sets and solutions in a secure cloud environment with Microsoft’s leading machine learning models, natural language processing capabilities, and enhanced analytics to provide clients with: and protect corporate data. .

“KPMG is known for providing outstanding audit, tax and advisory services to our clients and we are excited to expand our collaboration with generative AI technology to accelerate growth and innovation across KPMG and our clients.” ” he said. Judson AlthoffExecutive Vice President and Chief Commercial Officer of Microsoft. “Through this initiative, we will work with KPMG to leverage the power of Microsoft Azure, Azure OpenAI and Microsoft 365 Copilot to deliver AI-powered solutions within a trusted cloud environment.”

Today’s announcement focuses on three investment areas:

• Establishment of the AI ​​Innovation Initiative: KPMG and Microsoft are working together to develop new solutions that address some of the market’s most pressing needs. For example, KPMG Tax uses the Azure OpenAI Service to quickly analyze a client’s ESG data, establish fact patterns, and ultimately help the client create reports and narratives of his ESG data. We have developed an AI solution that
• Enhance every customer engagement: KPMG’s advisory work is rebuilding its project delivery platform on Azure to integrate Azure OpenAI Service with machine learning models. KPMG Tax operates a “virtual assistant” powered by generative AI to create new customer service models and revenue generation opportunities.
• Transforming internal operations: KPMG announced early availability of Microsoft 365 Copilot this summer as part of the company’s broader effort to bring generative AI capabilities to professionals so they can work more efficiently and spend time on high-value activities. We plan to introduce it. Our partnership with Microsoft also includes a training component to prepare KPMG professionals to adopt this technology.

“KPMG and the Microsoft AI Innovation Initiative will bring together the best of our two organizations,” he said. Cherry GartnerMicrosoft’s Global Lead Partner for KPMG. “By combining KPMG’s industry-leading AI security and responsible use experience with Microsoft’s leading generative AI capabilities, we are able to rapidly develop and develop solutions while prioritizing protection and adhering to responsible AI principles. It gives you an unparalleled ability to deploy.”

About KPMG LLP

KPMG LLP is the U.S. subsidiary of KPMG, a global organization of independent professional services firms that provide audit, tax and advisory services. KPMG’s global organization is active in 143 countries and territories, with more than 265,000 employees working in member firms around the world. Each KPMG entity is a legally separate and independent entity and describes itself as such. KPMG International Limited is a privately held UK company with guarantees. KPMG International Limited and its affiliates do not provide services to clients.

Some or all of the services described herein may not be authorized to KPMG Audit Clients and their affiliates or entities.

KPMG is widely recognized as a great place to work and build a career. Our employees share a sense of purpose in our work and a strong commitment to community service, inclusion and diversity, and ending child illiteracy.Learn more about www.kpmg.com/us.

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Source: KPMG LLP