Accenture looks to power AI efforts with US$3 billion investment

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Accenture said on Tuesday (Jun 13) it will invest US$3 billion over three years into its data and AI practice, doubling the number of employees that are working with the cutting-edge technology at the IT consulting firm. The company, which consults and services various clients on generative AI projects, sa

Accenture said on Tuesday it will invest US$3 billion over three years into its data and AI practice, doubling the number of employees that are working with the cutting-edge technology at the IT consulting firm.

Accenture did not say by when it would hit that number, but added that the investment was aimed to help companies across 19 industries. On Monday, Salesforce doubled its venture capital fund for generative AI startups to US$500 million and unveiled an AI Cloud service that hopes to attract enterprises by offering its AI-powered products under one umbrella.

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