New AI alliance: Microsoft and EY are pouring $1 billion into the digitalization of global business

Technology giant Microsoft and international consulting group EY (Ernst & Young) announced the launch of a large-scale strategic partnership worth $1 billion, writes xrust. This monumental investment will be aimed at helping major global corporations quickly and safely implement generative artificial intelligence (AI) technologies into their daily business processes.

The joint initiative is designed to solve the main problem of the modern B2B sector: most companies want to use neural networks, but do not have the internal expertise to set them up safely. EY experts will combine their many years of experience in audit, tax consulting and risk management with the technological power of the Microsoft Azure cloud platform.

Why does business need billions of dollars infusion?

The allocated funds will be used for the development of specialized industry-specific AI assistants, in-depth training of personnel and the creation of secure cloud circuits. The project will automate complex analytical tasks, reduce transaction costs and improve forecasting accuracy in sectors such as finance, retail, energy and healthcare.

For Microsoft, this deal is a powerful step in strengthening its leadership in the market for cloud technologies and generative AI, where competition is fierce with Google and Amazon. In turn, EY receives an exclusive technology stack that will allow the company to offer clients the most advanced consulting services on the market.

Experts note that such alliances finally transfer artificial intelligence from the category of experimental technologies to the status of a mandatory basic tool for global business. The winners in the long run will be those corporations that can be the first to rebuild their operating models to be controlled by smart algorithms.

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Xrust New AI alliance: Microsoft and EY are pouring $1 billion into the digitalization of global business