KPMG to spend $100 million on AI partnership with Google Cloud

KPMG announced a $100 million investment over four years to enhance its enterprise AI services through a partnership with Google Cloud. While part of the funding will go directly to Google, most will support in-house AI initiatives, including developing AI tools and workforce training.

Steve Chase, KPMG’s vice chair of AI and innovation, noted the professional services sector is undergoing a major transformation as businesses scale AI applications beyond experimentation.

A KPMG survey revealed about 50% of organizations plan to invest $100 million in AI within the next year, with 20% committing at least $250 million.

KPMG’s Google Cloud-related services have seen 10-fold growth in bookings over two years, complementing its broader $2 billion AI and cloud services commitment with Microsoft. Google Cloud’s partnership strategy has driven significant revenue growth.