Ernst & Young to Spend Extra $1 Billion on Cloud, New Technology
Financial-services firm Ernst & Young is spending an extra $1 billion on new technology, including AI and shifting platforms to the cloud
• A significant portion of the new investment will be spent on shifting to the cloud
• But EY will also be building new technology, while supporting areas including its tax and financial crime businesses, Bloomberg reported
• EY is among a bevy of financial groups looking to reinvest in new technology