KPMG to invest $2 billion in AI and cloud services

FILE PHOTO: The KPMG logo is seen at the company's head offices in Parktown, Johannesburg, South Africa, September 15, 2017. REUTERS/Siphiwe Sibeko/File Photo

(Reuters) -KPMG said on Tuesday it plans to invest $2 billion in cloud services and artificial intelligence over the next five years across the accounting firm's business lines through an expanded partnership with Microsoft.

The development was first reported by the Wall Street Journal.

(Reporting by Lavanya Ahire and Chandni Shah in Bengaluru; Editing by Shounak Dasgupta)