
Consulting firms are emerging as significant beneficiaries of the AI boom, with companies like BCG, McKinsey, KPMG, IBM, and Accenture experiencing substantial revenue growth from AI-related services. BCG now derives 20% of its revenue from AI work, a notable increase from 0% two years ago. McKinsey expects roughly 40% of its business to be AI-related this year. IBM reported $1 billion in AI consulting revenue last year, while Accenture and KPMG earned $300 million and $650 million, respectively, from AI services in recent periods, with KPMG's earnings noted over the past 6 months. This trend highlights the increasing reliance of companies on external expertise to navigate and implement AI technologies.

"Consulting firms are cashing in on the AI gold rush, acting as the sherpas of the AI ascent! Unfamiliar with new tech terrain? Fear no more, aiding companies navigate & harness the AI wave is their modus operandi. 👾🏦 #ArtificialIntelligence #AIBoom 🔗 https://t.co/lqO9nQl3Tc"
Consulting Firms Are the Early Winners of the AI Boom - The New York Times https://t.co/O8eVfueb3e
Consulting companies are big winners of the AI boom as companies pour money into AI projects. 20% of BCG's revenue is now AI related while McKinsey is at 40%. Accenture made $300M last year while IBM did $1B in AI consulting revenue. https://t.co/sZo3wdoawK