KPMG Invests $100M in Google Cloud Alliance to Accelerate Enterprise Adoption of AI
Google News, Wednesday, November 20th, 2024
Expanded partnership is estimated to increase KPMG revenue by $1B through solutions powered by Google Cloud's generative AI technology
KPMG LLP and Google Cloud today announced a major expansion of their U.S. alliance focused on advancing generative AI, data analytics, and cybersecurity among Fortune 500 companies and global enterprises. KPMG will make a landmark $100 million investment in its Google Cloud practice, which KPMG estimates will drive $1 billion in incremental growth for the firm.
Bookings for KPMG's Google Cloud practice have increased by 10x over the past two years, and in April 2024 the firm created a Google Cloud Center of Excellence (CoE) to centrally align its product development, industry expertise, and technical resources for enterprises. With today's new investment, KPMG will collaborate on new solutions with Google Cloud to help clients solve complex business challenges, focusing on data modernization and responsible AI adoption across industries, with an initial focus on the consumer and retail, healthcare, and financial services sectors.