May 21, 2024

New unit will assist clients looking to navigate impending EU rules governing the technology.

Professional services giant KPMG has opened a European artificial intelligence (AI) hub in Dublin, with plans to create 200 jobs over the next three years to support clients looking to implement the technology in line with new European Union rules.

The Big Four accountancy and consulting firm said on Friday it plans to hire across regulatory, risk and cyber security functions at the unit, working out of its innovation hub at the Irish Financial Services Centre in Dublin 1.

The new unit will help clients looking to navigate the impending EU AI Act, KPMG Ireland said, a new regulation seeking to establish a common legal framework for the technology across the bloc. The proposed regulation was adopted by the European Parliament in March and is awaiting approval from the EU Council.

KPMG said the hub will provide for the gathering of information about current AI capacities as well as the creation of new tools to help developers and businesses implement the technology reliably.

Speaking at the opening of the hub, Minister of State with responsibility for Financial Services Neale Richmond said the hub will help Irish businesses navigate the complexities of the increasingly disruptive technology. It will also lead to the creation of 200 jobs over the next three years, he said, “underpinning both KPMG’s commitment to Ireland but also the role that AI will have for Irish businesses in the coming years”.

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