EY Launches Innovative AI Platform in Collaboration with NVIDIA
The EY organization has unveiled its new artificial intelligence agency platform, EY.AI, in partnership with NVIDIA. This groundbreaking platform leverages NVIDIA’s extensive AI capabilities and over a century of EY’s experience and data to revolutionize corporate AI agents and enhance organizational efficacy worldwide.
Transforming Business Operations with AI
With the EY.AI platform, organizations can expect significant productivity enhancements. The initial roll-out will incorporate 150 AI agents designed to assist 80,000 EY professionals in streamlining processes, aiming to transform tax compliance for over three million cases annually and redefine 30 million tax-related processes each year.
NVIDIA’s Role in EY.AI Development
NVIDIA is central to the development and implementation of the EY.AI platform. This proprietary platform utilizes a suite of NVIDIA technologies, including the NVIDIA AI Enterprise and the emerging NVIDIA AI Reasoning models. These technologies are crucial in orchestrating AI agents capable of delivering specialized solutions across various sectors, including life sciences, manufacturing, and financial services.
Key Features of the EY.AI Platform
- AI Executive Oversight: The EY Manager (RAI) ensures accountability and transparency within the platform, enhanced by NVIDIA’s Nemo Guardrails.
- Agent Framework: This framework facilitates the creation and orchestration of agents using NVIDIA’s architecture.
- Model Catalog: A selection of tailored models designed for specific agent solutions including both NVIDIA and EY-developed models.
- Custom Model Development: Clients can build custom reasoning models through NVIDIA AI Foundry, fostering business transformation.
- Global Deployment Flexibility: EY.AI can be deployed on NVIDIA’s accelerated computing infrastructure across various environments including clouds and on-site.
- Sector-Specific AI Solutions: Customized AI agents addressing challenges in tax compliance, financial crime, and regulatory requirements.
Leadership Insights
Janet Truncale, Global CEO of EY, emphasizes, “The EY.AI agent platform will empower the largest corporations to streamline their operations and navigate the complexities of compliance, all while driving productivity and operational excellence.” She highlights the collaboration with NVIDIA, stating that it harnesses the expertise of 400,000 skilled professionals to shape a confident future in a competitive global market.
Driving Sector-Wide Transformations
As part of its commitment to innovation, EY will leverage the EY.AI agent platform to integrate over 100 years of industry experience with organized data sets. By embracing NVIDIA’s AI technologies, EY aims to deliver seamless AI-driven solutions that will respond adaptively to real-time events and regulatory changes, ultimately fostering smarter financial and risk decisions in a global context.
Future Developments and Collaborations
The implementation of the EY.AI platform builds upon prior partnerships between EY and NVIDIA, including solutions for telecommunications providers. With AI at the forefront, EY.AI will streamline contract assessments and adapt rapidly to diverse sectors. The initial deployment will unite workforce AI agents with tax professionals, enhancing data collection and compliance processes.
Conclusion
As EY continuously innovates its risk management services, it has been recently recognized as a leader in the field by Verdantix, underlining its competitive advantages through data expertise and strategic partnerships. To learn more about EY’s latest initiatives and the EY.AI platform, visit EY.com.