KPMG, the well-known professional services company, has recently launched a hub dedicated to artificial intelligence (AI) in Dublin, Europe. Over the ensuing three years, the firm aims to generate 200 employment opportunities at the AI hub to assist its clientele in adopting this emerging technology in compliance with new European Union regulations.
The announcement on Friday revealed that the recruitment will occur across the risk, regulatory, and cyber security departments within this new division. The hub is located at the innovation centre of the Irish Financial Services Centre, situated in Dublin 1.
The latest setup is intended to guide clients through the imminent EU AI Act, according to KPMG Ireland. This new legislation aspires to construct a shared legal structure for AI technology throughout the European nations. The new regulation was approved by the European Parliament in March and awaits the green light from the EU Council.
The hub is designed to facilitate the collection of data regarding present AI capabilities, while also developing innovative tools to ensure businesses and developers integrate the technology responsibly and efficiently. At the inauguration of the hub, Neale Richmond, Minister of State in charge of Financial Services, expressed that the hub will assist Irish companies in grasping the intricacies of the rapidly evolving technology. Richmond also emphasised that the hub will stimulate the creation of 200 new jobs over the next three years, thereby highlighting KPMG’s dedication to Ireland and the substantial role that AI will play for Irish firms in the forthcoming years.
The AI hub is run in partnership with tech giants Microsoft and AI company Cranium. According to Sean Redmond, KPMG Ireland director, the hub will merge “excellent minds with advanced technology”. Redmond stated that the aim is to help clients to put responsible AI programs into action, viewing the pending EU AI Act as a facilitator to innovation, rather than seeing it as a hindrance.
The AI hub can be found at the company’s global innovation hub known as Platform X, based in Dublin, which was launched in 2021 as a response to increased client demands for guidance on emerging technologies. Gillian Kelly, KPMG Ireland’s partner and head of consulting, asserted that the investment in the hub is a testament to the firm’s conviction that Dublin can evolve into a pan-European hub for innovation, technology, and cooperation.
News broke this week that IBM aims to create 800 jobs within the Republic over the coming three years, a move designed to support the progression of fresh software products fuelled by their investment in AI. The company, with its main offices in New York, is a leader in hybrid cloud computing. Through a recent press release, they disclosed plans to augment their operations within the Republic. This move is set to generate numerous jobs in research and development, in addition to sales and consulting positions within their two primary campuses located in Dublin and Cork, as well as their subsidiary, Red Hat located in Waterford.