KPMG’s US bosses are touring Silicon Valley in search of AI start-ups that the Big Four firm can work with before they become large enough to threaten its business.
KPMG could sign partnerships or take equity stakes in the start-ups to seal access to their technology, US chief executive Tim Walsh told the FT in an interview.
The initiative comes as AI threatens sweeping changes across professional services, creating new competitors and undermining the sector’s business model in which armies of junior staff bill by the hour.
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