Consulting firm EY said it recently completed a $1.4 billion investment into artificial intelligence, the latest among a series of peers to make a billion-dollar announcement regarding the rapidly developing technology.
In addition to the $1.4 billion investment, announced Wednesday, the professional-services company said it has created its own large language model, EY.ai EYQ, and that it would train its 400,000 employee workforce on AI.
EY declined to comment on the exact amount it would spend on AI going forward, but said that the amount is more per year than it has spent over the past five years. Future investment includes continuing to refine its large language model.
Read the full story on The Wall Street Journal here.