KPMG has announced a $100 million investment to expand its alliance with Google Cloud, focusing on generative AI, data analytics, and cybersecurity solutions for Fortune 500 companies.
The firm anticipates this investment will generate $1 billion in incremental growth, highlighting the strategic importance of the partnership in addressing client needs.
The initiative aims to empower enterprises by tackling complex business challenges and promoting responsible AI adoption, particularly in sectors like consumer retail, healthcare, and financial services.
KPMG has previously deployed Vertex AI Search to enhance data analysis and is now developing advanced generative AI agents for clients, utilizing retrieval augmented generation (RAG) techniques.
Steve Chase, KPMG’s vice chair for AI and digital innovation, stated that the partnership will tailor solutions to meet the specific needs of various industries, enabling clients to maximize AI's value.
Google Cloud's president of global revenue, Matt Renner, emphasized that the collaboration will accelerate generative AI adoption by providing necessary solutions and expertise.
Both companies are dedicated to responsible AI practices, with KPMG joining Google’s SecOps program to deliver enhanced cybersecurity solutions, aiming to transform enterprise operations and foster sustainable growth.