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

© Reuters. SUBMIT PICTURE: The KPMG logo design is seen at the business’s head workplaces in Parktown, Johannesburg, South Africa, September 15, 2017. REUTERS/Siphiwe Sibeko/File Photo

(Reuters) -KPMG stated on Tuesday it will invest $2 billion on expert system and cloud services through a broadened collaboration with Microsoft (NASDAQ:), carefully following Accenture (NYSE:) in banking on the most recent innovations to weather a downturn in advisory offers.

The accounting company stated it will integrate AI into its core audit, tax and advisory services for customers as part of the five-year collaboration.

Professional services companies deal with a downturn in organization as their consumers scale down or hold back on consulting and improvement tasks to conserve expenses in a tough macro financial environment.

The broadened collaboration will assist support KPMG’s customers and 2,500 customer care collectively by KPMG and Microsoft.

Blake

News and digital media editor, writer, and communications specialist. Passionate about social justice, equity, and wellness. Covering the news, viewing it differently.

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