Skip to content
Search AI Powered

Latest Stories

KPMG and Google Cloud expand efforts to roll out GenAI

Partners say generative AI could help CFOs with strategic planning, consumers with automated assist, and corporations with cyber security.

KPMG trusted-genai-nowindow.jpeg

Consulting and professional service firm KPMG LLP is expanding its strategic alliance with Google Cloud to help accelerate enterprise adoption of generative AI (GenAI) technologies, the companies said today.

The deal establishes a KPMG Google Cloud Center of Excellence (CoE) that will combine Google Cloud's technologies—such as its Gemini AI (the chatbot interface formerly known as Bard) and Vertex AI (a machine learning platform that lets users train new AI models)—with KPMG's industry knowledge. 


As part of the initiative, Google Cloud will upskill KPMG professionals to train them on Google Cloud AI technologies. For example, KPMG will deploy Gemini for Google Cloud for the consulting firm’s own internal use, such as using coding assistance for software development, and using natural language chat interfaces to analyze business data.

By partnering, the two companies plan to accelerate delivery of a range of AI solutions for enterprises in areas including:

  • CFO office transformation: using AI-powered insights to enhance productivity in strategic planning, forecasting, and performance management.
  • Customer support: using AI to enhance the customer buying experience through agent assist features.
  • AI-powered security: using AI to support the development of security frameworks to help organizations better prepare and protect against security threats and vulnerabilities.

According to KPMG, the collaboration will also include steps to ensure “the responsible and ethical use of artificial intelligence technologies.” The company pursues that through “Trusted AI,” its framework for aligning AI systems with ethical standards, legal requirements, and societal expectations.

The concept of setting standards for ethical AI has gotten increased attention since the Biden Administration in 2023 launched a U.S. Department of Commerce initiative supporting the development and deployment of trustworthy and safe AI. The White House said that effort was needed to address concerns about how companies might apply the powerful technology in areas like safety and security, consumer privacy, and workers rights.


 

 

 

The Latest

More Stories

port of oakland port improvement plans

Port of Oakland to modernize wharves with $50 million grant

The Port of Oakland has been awarded $50 million from the U.S. Department of Transportation’s Maritime Administration (MARAD) to modernize wharves and terminal infrastructure at its Outer Harbor facility, the port said today.

Those upgrades would enable the Outer Harbor to accommodate Ultra Large Container Vessels (ULCVs), which are now a regular part of the shipping fleet calling on West Coast ports. Each of these ships has a handling capacity of up to 24,000 TEUs (20-foot containers) but are currently restricted at portions of Oakland’s Outer Harbor by aging wharves which were originally designed for smaller ships.

Keep ReadingShow less

Featured

screen display of GPS fleet tracking

Commercial fleets drawn to GPS fleet tracking, in-cab video

Commercial fleet operators are steadily increasing their use of GPS fleet tracking, in-cab video solutions, and predictive analytics, driven by rising costs, evolving regulations, and competitive pressures, according to an industry report from Verizon Connect.

Those conclusions come from the company’s fifth annual “Fleet Technology Trends Report,” conducted in partnership with Bobit Business Media, and based on responses from 543 fleet management professionals.

Keep ReadingShow less
forklifts working in a warehouse

Averitt tracks three hurdles for international trade in 2025

Businesses engaged in international trade face three major supply chain hurdles as they head into 2025: the disruptions caused by Chinese New Year (CNY), the looming threat of potential tariffs on foreign-made products that could be imposed by the incoming Trump Administration, and the unresolved contract negotiations between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX), according to an analysis from trucking and logistics provider Averitt.

Each of those factors could lead to significant shipping delays, production slowdowns, and increased costs, Averitt said.

Keep ReadingShow less
chart of trucking conditions

FTR: Trucking sector outlook is bright for a two-year horizon

The trucking freight market is still on course to rebound from a two-year recession despite stumbling in September, according to the latest assessment by transportation industry analysis group FTR.

Bloomington, Indiana-based FTR said its Trucking Conditions Index declined in September to -2.47 from -1.39 in August as weakness in the principal freight dynamics – freight rates, utilization, and volume – offset lower fuel costs and slightly less unfavorable financing costs.

Keep ReadingShow less
chart of robot use in factories by country

Global robot density in factories has doubled in 7 years

Global robot density in factories has doubled in seven years, according to the “World Robotics 2024 report,” presented by the International Federation of Robotics (IFR).

Specifically, the new global average robot density has reached a record 162 units per 10,000 employees in 2023, which is more than double the mark of 74 units measured seven years ago.

Keep ReadingShow less