KPMG, the global professional services firm, has made an exciting announcement that highlights the growing importance of artificial intelligence (AI) in the business world. The company has opened an AI hub in Dublin, Ireland, with plans to create 200 jobs over the next three years. The hub’s main purpose is to support clients in navigating the European Union’s AI Act, a new regulation aiming to establish a common legal framework for AI technology across the EU.
To ensure smooth implementation of the AI Act, KPMG will be hiring professionals for regulatory, risk, and cyber security functions at the hub. These experts will work out of KPMG’s innovation hub in the Irish Financial Services Centre in Dublin 1. The new unit will gather information about current AI capabilities and develop new tools to assist developers and businesses in implementing AI technology reliably.
Minister of State with responsibility for Financial Services, Neale Richmond, expressed his support for the hub, stating that it will help Irish businesses navigate the complexities of AI, ultimately leading to the creation of 200 jobs over the next three years. Richmond emphasized the importance of AI for Irish businesses in the coming years and acknowledged KPMG’s commitment to Ireland.
The hub will be a collaborative effort between KPMG, Microsoft, and AI firm Cranium. Sean Redmond, Director of KPMG Ireland, spoke about the hub’s mission to bring together top minds and cutting-edge technology. He emphasized that responsible AI is not only a business challenge but also a regulatory and technical challenge. KPMG aims to help its clients implement end-to-end responsible AI programs and hopes that organizations see the impending EU AI Act as a way to experiment with AI and deliver value to their businesses and customers.
The AI hub is located at KPMG’s Platform X global innovation hub in Dublin, which was established in 2021 to support clients in dealing with new and emerging technologies. The opening of the AI hub aligns with KPMG’s belief that Dublin can become a center for innovation, technology, and collaboration on a continental scale.
This news from KPMG comes in the same week that IBM announced its plans to create 800 jobs in Ireland over the next three years to support the development of new software products driven by AI. Both KPMG and IBM’s investments in AI underline the significant role that this technology is playing in shaping the future of businesses across various sectors.
As AI continues to advance and become more prevalent, companies around the world are recognizing the need to navigate the regulatory landscape surrounding it. The EU AI Act aims to provide a common legal framework that ensures the responsible and ethical use of AI technology. KPMG’s AI hub in Dublin positions them at the forefront of this evolving field, enabling them to support their clients in complying with the regulations while also driving innovation and delivering value.
With the establishment of the AI hub, KPMG solidifies its commitment to Ireland and sets itself up as a key player in AI expertise. The creation of 200 jobs over the next three years demonstrates the growing demand for AI professionals in the business world. As AI continues to shape and revolutionize industries, hubs like this one will play a crucial role in helping businesses navigate the complexities and harness the full potential of this rapidly evolving technology.
Use the share button below if you liked it.