KPMG invests $100 million in AI partnership with Google Cloud

KPMG announced a $100 million investment over four years to enhance its artificial intelligence services through a partnership with Google Cloud. The funds will support both payments to Google and internal projects, including AI agent development and workforce training. This investment marks KPMG's largest direct commitment to Google Cloud, following a significant increase in demand for AI-related services. KPMG's bookings for these services have surged tenfold in the past two years. KPMG is also diversifying its cloud partnerships, having previously committed $2 billion to Microsoft. Google Cloud's revenue growth has been strong, with a 35% increase reported in the third quarter.