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Techday NZ
5 days ago
- Business
- Techday NZ
KPMG unveils AI platform Workbench in multi-billion dollar move
KPMG International has launched KPMG Workbench, an open, interoperable artificial intelligence (AI) platform designed to change the way it delivers services to clients and to support staff across its global operations. KPMG Workbench has been developed with Microsoft technology and support. The platform brings together a network of 50 AI assistants and chatbots that communicate with each other across multiple sectors. Nearly a thousand additional AI assistants are in development to meet a broader array of client requirements. The AI agents have been designed to operate as digital colleagues alongside KPMG professionals. They are built to work with various large language models (LLMs) and support the organisation in delivering solutions to clients more quickly, while aiming to maintain quality, trust, and compliance standards. Platform features The KPMG Workbench is built on Microsoft Azure AI Foundry services and is intended to allow agent-to-agent communications. It also integrates with technology from other alliance partners, including Salesforce, ServiceNow, and Workday. This interoperability is designed so that clients can select the model or AI agent most appropriate for their needs. KPMG states that the platform will underpin its key client delivery solutions, including the Digital Gateway (Tax), Velocity (Advisory), and Clara, which is KPMG's audit platform. By acting as a central AI hub, KPMG Workbench is expected to simplify working with and managing multiple tools throughout the client engagement process. KPMG Workbench incorporates data sovereignty features, letting clients manage how their data is stored, processed, and governed to meet both local and international regulatory demands. KPMG has also highlighted its ISO 42001 certification for AI Management Systems, noting that KPMG is the first organisation in the world to achieve this accreditation. Every agent and tool within KPMG Workbench is marked with a KPMG "Trusted AI stamp," indicating that it has been assessed against the company's 10 pillar Trusted AI Framework. "Clients tell us that their ability to orchestrate and control their agents in a secure way is becoming their number one concern. They also want a multi-model platform rather than being locked into one provider. Recognising this, and KPMG's own needs as a complex global business, the strategy was to build a foundational AI platform that has sovereign data capabilities and enables our people to integrate AI models into one environment that is embedded in our Trusted AI Framework. With KPMG Workbench, we're combining advanced AI agents with the insight, judgment and deep expertise of our people to deliver smarter solutions for clients, faster and with full confidence in their security and compliance." – David Rowlands, Global Head of AI, KPMG International AI in practice KPMG Workbench aims to facilitate the automation of multi-step processes such as client onboarding and regulatory reporting. The system allows teams to coordinate and share context between multiple specialised agents, which the company says should make it easier to adapt to new business requirements. According to KPMG, clients across different industries have already begun to benefit from the platform. Examples cited include a telecommunications and technology business using the platform's agents and tools to assess and enhance compliance policies, a global bank needing data sovereignty and agent processing to verify customer identities and counteract fraud, and an international retailer seeking to improve back-office productivity through the deployment of a digital workforce. Collaboration with Microsoft The company confirmed that Microsoft's Azure AI Foundry is the foundation for KPMG Workbench, enabling its interoperability and scalability. The evolution of Workbench from a platform for developers to a central hub for AI delivery reflects KPMG's investment in agent-oriented technology. "KPMG Workbench represents a transformative step in AI-driven collaboration, integrating multi-agent intelligence into a centralised platform leveraging Azure AI Foundry. This investment is more than just technological innovation – it's a pivotal move toward the future of the open agentic web. At Microsoft, we are empowering businesses to enrich the employee experience and reinvent customer engagement through AI transformation, and KPMG Workbench is a prime example of that vision coming to life." – Judson Althoff, EVP, Chief Commercial Officer, Microsoft Future availability KPMG confirmed that private versions of KPMG Workbench will be accessible to clients from various industries wishing to develop and manage a digital workforce in line with changing operational needs. "Launching KPMG Workbench is a pivotal milestone in our AI commitment to transforming client delivery and enhancing ways of working across the global organisation. This strategic investment, made in collaboration with Microsoft, reinforces our dedication to creating a leading technology ecosystem in an era of rapid evolution and shifting client needs." – Carl Carande, Global Head of Advisory, KPMG International and Vice Chair, Advisory, KPMG in the US KPMG described Workbench as the foundation of its multi-billion investment in AI and agentic transformation, intended to be a pillar of its future client service solutions. The AI platform is being positioned as central to the organisation's approach to technology adoption and digital service delivery.
Cision Canada
12-06-2025
- Business
- Cision Canada
Databricks and Microsoft Extend Strategic Partnership for Azure Databricks
Multi-year deal to advance data and AI innovation on Azure Databricks SAN FRANCISCO, June 12, 2025 /CNW/ -- Data + AI Summit -- Databricks, the Data and AI company, and Microsoft today announced a multi-year early extension of their strategic partnership, underscoring a shared commitment to helping organizations harness the power of data and AI. Azure Databricks, a Microsoft first-party service since 2018, is a trusted platform that provides thousands of joint customers with cutting-edge data and AI capabilities on a secure and trusted platform. This announcement builds upon recent product innovations, including new native integrations between Azure Databricks, Azure AI Foundry and Microsoft Power Platform as well as the upcoming release of SAP Databricks on Azure. Together, Databricks and Microsoft will continue to help organizations unlock the full potential of their data and accelerate innovation in the age of AI. "We are entering a new era where every application will be intelligent, and every business will be data-driven," said Ali Ghodsi, Co-founder and CEO of Databricks. "This extended partnership with Microsoft shows our long-term joint commitment to helping organizations innovate faster with a unified, open, and governed platform for data and AI on Azure Databricks. Together, we're laying the foundation for the next generation of AI-powered enterprises." "Democratizing data and AI is a critical component for any organization seeking to drive pragmatic innovation and unlock greater business opportunity," said Judson Althoff, Executive Vice President and Chief Commercial Officer at Microsoft. "By deepening our long-standing partnership with Databricks and enhancing interoperability, we are delivering significant value to enterprise and IT developers by enabling tighter integration across the Azure ecosystem—from Azure AI Foundry and Power Platform to SAP. Together, we are empowering our customers with Azure Databricks to help them harness the full potential of their data, build the next generation of autonomous systems and accelerate AI Transformation." Through this extended partnership, customers can expect continuous advancements in Azure Databricks to meet the evolving demands of AI, driving greater innovation, efficiency and trust. Additionally, Databricks and Microsoft will continue to deliver deep integrations between Azure Databricks and the broader Microsoft ecosystem, enabling a unified and streamlined experience. From centralized governance and open data formats to built-in warehousing and native AI tools, Azure Databricks is a proven platform at scale trusted by thousands of customers. Azure Databricks is powered by the Databricks Data Intelligence Platform, which democratizes access to data and AI, making it easier for organizations to harness the power of their data for analytics, machine learning, and AI applications. The platform is built on a foundation of unified data and governance that helps customers more easily develop agents with domain knowledge drawn from the entirety of their enterprise. About Databricks Databricks is the Data and AI company. More than 15,000 organizations worldwide and over 60% of the Fortune 500 rely on the Databricks Data Intelligence Platform to take control of their data and put it to work with AI. Databricks is headquartered in San Francisco, with offices around the globe and was founded by the original creators of Lakehouse, Apache Spark™, Delta Lake, MLflow, and Unity Catalog. To learn more, follow Databricks on o learn more, follow Databricks on X, LinkedIn and Facebook.
Business Standard
30-05-2025
- Business
- Business Standard
Infosys BPM launches new Agentic AI-powered Accounts Payable on Cloud solution
Infosys BPM, the business process management arm of Infosys, announced the launch of AI agents for invoice processing within its flagship Infosys Accounts Payable on Cloud solution. Powered by Infosys Topaz, the innovation redefines invoice processing by moving from a human-driven, AI-supported model to an autonomous AI-first approach, which ensures greater efficiency and accuracy. Designed to operate autonomously, the solution leverages AI agents equipped with advanced decision making capabilities to handle complex business scenarios with precision and speed. Autonomous AI-first approach enables end-to-end workflow management, allowing AI agents to handle dynamic processes, adapt to changing business logic, and perform intricate tasks with minimal human oversight. The new Agentic AI-powered Accounts Payable on Cloud solution aims to boost operational efficiency significantly, enabling businesses to scale quickly and effectively. Powered by Microsoft's AI stack, the solution combines Azure AI Foundry and other LLMs with custom AI agents. The integration of Cognitive Services with Azure's Platform-as-a-Service (PaaS) offerings enables the delivery of scalable, intelligent, and enterprise-ready AI solution. This solution was developed in close collaboration with Americana Restaurants, the largest out-of-home dining and quick service restaurant operator across the Middle East, North Africa, and Kazakhstan, with more than 2,600 restaurants. Building on the successful deployment of Accounts Payable on Cloud solution for Americana, Infosys BPM is now integrating Agentic AI to make their invoice processing largely autonomous, further enhancing its efficiency and accuracy.
Hindustan Times
21-05-2025
- Business
- Hindustan Times
Build 2025: Microsoft bets big on agentic AI and scientific discovery
Microsoft also had its big moment with Build 2025, even as Google I/O 2025 took the tech world by storm with its own set of AI announcements. Focused on developers, Microsoft introduced a host of new AI features and capabilities, further expanding its already extensive portfolio. Here are a few features and developments that were certainly the highlight of Microsoft Build 2025. Microsoft claims that science is one of the most important applications of artificial intelligence. It can be used to solve humanity's most challenging issues, be it drug discovery or sustainability. This is where Microsoft Discovery comes in. Microsoft says that this is a platform which researchers can use to transform the discovery process with agentic AI. This will aid research for research departments across various industries and accelerate the time to discovery. Also Read: Apple WWDC 2025 starts on June 9: Here's a detailed schedule Microsoft says that AI is not only changing how developers create, but also how individuals, teams, and companies actually do their work. At Build 2025, the company unveiled new pre-built agents, custom agent building blocks, and multi-agent capabilities, as well as new models to help developers build their own agents and deploy them securely. This involves Microsoft 365 Copilot tuning and multi-agent orchestration, using the Azure AI Foundry. This brings new capabilities to help developers create specialised agents and handle complex tasks. It is notable that AI is changing how code is written, deployed, and maintained. And now, Microsoft details that developers are starting to stay in their flow environment longer, and they are now able to focus more on strategic thinking and tasks. This is primarily being done through features across platforms such as GitHub, Azure AI Foundry, and Windows, which help developers work faster and build at scale. More specifically, this is done using GitHub Copilot coding agent, which is evolving from an in-editor assistant to an agentic AI partner. Microsoft is also open-sourcing GitHub Copilot Chat in VS Code. Alongside this, Microsoft also introduced Windows AI Foundry. MOBILE FINDER: iPhone 16 LATEST Price, Specs And More
Yahoo
21-05-2025
- Business
- Yahoo
Top AI Stocks to Add to Your Portfolio for Impressive Returns
An updated edition of the April 7, 2025 Intelligence (AI) enables machines to process vast amounts of data, recognize patterns and make autonomous decisions. AI is solving real-world problems, including customer service (chatbots), medical diagnosis, fraud detection, autonomous vehicles, personalized recommendations and many more. Significant improvements in computing hardware (GPUs and TPUs) are allowing the development of more complex AI is gaining popularity thanks to multimodal learning and growing context awareness. The emergence of Generative AI (Gen AI) and Agentic AI has further enhanced AI's capabilities, making it a key driver of efficiency, automation and innovation. AI is revolutionizing industries such as robotics, healthcare, finance, cybersecurity and e-commerce with its ability to mimic human intelligence through machine learning, deep learning and natural language processing. Agentic AI is delivering sophisticated agents that can reason, plan and even learn from customer interactions. Enterprises are rapidly infusing AI into their applications to solve complex issues and offerings from Cognizant Technology Solutions CTSH has been a major help. Search giant Alphabet GOOGL is infusing AI into its search business. U.S. tech giants, including Microsoft MSFT, Amazon AMZN, Google and Meta Platforms META, have been at the forefront of bringing remarkable advances to the AI technology well, supported by powerful AI chips from NVIDIA NVDA, which is again powered by solutions from the likes of Lam Research LRCX. We believe that the rapid deployment of AI technology and huge spending on its development efforts offer significant growth opportunities for investors. Our Artificial Intelligence Screen is an invaluable source for identifying AI stocks with massive growth 30 cutting-edge investment themes with Zacks Thematic Screens and uncover your next big opportunity. Microsoft is benefiting from its strategy of infusing AI into its applications. The company has more than 60,000 Azure AI customers. The Azure AI Foundry application and agent development hub has now been adopted by developers at more than 70,000 enterprises and digital-native companies. This Zacks Rank #2 (Buy) company's Azure AI Agent Service has been utilized by more than 10,000 organizations to build, deploy and scale agents. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks Phi small language models have gained significant traction, with 38 million downloads to date. In the development space, GitHub Copilot's code review agent has handled more than eight million requests, while GitHub Copilot itself has surpassed 15 million users, representing more than fourfold growth year over Copilot has proven instrumental in enhancing employee productivity and creativity, with data from the Work Trend Index research showcasing potential time savings of up to 10 hours per month. Microsoft is now extending Copilot's capabilities across its entire product spectrum, including Windows, Microsoft 365, Microsoft Teams and Research's etch and deposition technology is critical for HBM, and its advanced packaging technologies are essential for AI workloads. LRCX capitalizes on the opportunities from the booming demand for AI and datacenter chips, which require advanced fabrication technologies. Lam Research, with its robust etch and deposition product line like SABRE, Striker, ALTUS, VECTOR, Syndion and Vantex, remains well-poised to capitalize on the growing demand for components that support the development of AI ALTUS ALD tool utilizes the capabilities of metal molybdenum to ensure high-precision deposition of low-resistivity, void-free molybdenum metallization that enables chip makers to develop memory and logic chips for AI workloads. This Zacks Rank #2 company's Aether platform allows extended single-print patterning, higher resolution and pattern fidelity, enabling chip manufacturers to produce chips with higher performance, greater density, and energy efficiency, ideal for AI chip investments in research and development activities position Lam Research well to capitalize on the growing wafer fab equipment spending. Another Zacks Rank #2 company, Cognizant Technology Solutions, is benefiting from healthy discretionary spending as clients continue to invest in cloud and data modernization and in building foundations for AI-led innovation. In first-quarter 2025, Cognizant deepened its AI capabilities with more than 1,400 Generative AI engagements across multiple is investing heavily in AI-powered software-led engineering at the intersection of digital and physical worlds, making products intelligent, connected and autonomous. The company expects AI-written code to increase to more than 20% in the first quarter of 2025. Cognizant's rich partner base that includes hyperscaler partners like Microsoft, Amazon and Google and enterprise software providers like ServiceNow and Salesforce is noteworthy. In March, Cognizant launched an AI-powered dispute management solution in partnership with ServiceNow. The solution leverages ServiceNow's advanced dispute management technology to streamline dispute resolution for mid-market banks in North in collaboration with NVIDIA, announced advancements in AI technology. The company leverages NVIDIA's advanced AI solutions across five key areas, including enterprise AI agents, industry-specific large language models, digital twins for smart manufacturing, and AI infrastructure. The integration of NVIDIA's AI technology into Cognizant's Neuro AI platform is expected to drive business transformation. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Cognizant Technology Solutions Corporation (CTSH) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Lam Research Corporation (LRCX) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
