KPMG AI Investment is gaining momentum as demand grows for smarter, tech-driven business solutions. The global consulting and accounting firm is expanding its partnership with Google Cloud, backing the effort with a $100 million investment. The goal? To sharpen its AI capabilities and roll out tailored services for clients across industries like retail, healthcare, and finance.
The Big Four firm says the move—centered around AI and cloud hosting solutions—could open the door to as much as $1 billion in future growth.
Responding to the Market
Steve Chase, vice chair of artificial intelligence and digital innovation at KPMG, says the firm has seen a clear trend: more companies are looking for support integrating AI and cloud-based tools into their transformation strategies.
To meet that need, KPMG doubled down on its collaboration with Google Cloud in late 2024. The plan includes investing in generative AI (GenAI), advanced analytics, and stronger cybersecurity—aiming to tailor solutions to each client’s business model.
The $100 million investment is targeted at enhancing KPMG’s Google Cloud practice and creating solutions that make AI usable and relevant for real-world business scenarios.
What That Looks Like in Practice
The expanded partnership will first focus on helping businesses in retail, financial services, and healthcare.
KPMG has already been working with Vertex AI Search, Google Cloud’s development platform for building generative AI solutions. Internally, it’s being used to organize and analyze the firm’s massive amounts of data. Externally, it’s the foundation for client-facing tools, such as intelligent chatbots and data processing agents.
Chase shared examples of how the technology is being applied:
- In financial services, KPMG is using Vertex AI and Gemini—Google Cloud’s AI assistant—to streamline tedious tasks like fraud checks and loan applications, freeing up time for teams to focus on higher-level decisions.
- For a major retailer, the firm built a tool that analyzes store performance across locations by automatically combining data on sales, stock levels, and foot traffic. What used to take days of manual effort is now done in minutes.
“It’s able to actually do a detailed analysis in a fast way,” said Chase. “Now, the people involved are reviewing results, instead of spending their time collecting the data.”
In healthcare, the firm is leveraging Google Cloud’s Healthcare API to develop tools that support doctors in detecting diseases and improving care delivery. These solutions aim to reduce human error and improve outcomes, all while handling sensitive data securely.
What Comes Next?
Chase believes this partnership could contribute an extra $1 billion to KPMG’s bottom line over time. While he declined to share specific figures or milestones, he confirmed that it’s part of a long-term strategy to bring in new clients and expand AI offerings for existing ones.
KPMG is also working with other major cloud providers like Microsoft and Amazon Web Services on separate AI efforts. But the focus with Google Cloud remains strong.
In April, the firm took another step forward, announcing a new expansion focused on tools for the legal and banking sectors. KPMG also joined the Google Cloud Security Partner Program, reinforcing its commitment to cybersecurity as part of its AI offering.
As AI continues to reshape how industries operate, KPMG is placing a big bet that its deeper partnership with Google Cloud will position it—and its clients—at the front of the pack.
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