Accenture PLC ACN announced an investment of $3 billion in its Data & AI practice over three years.
"Over the next decade, AI will be a mega-trend, transforming industries, companies, and the way we live and work, as generative AI transforms 40% of all working hours," said Paul Daugherty, group chief executive, Accenture Technology.
ACN's AI expertise spans more than 1,450 patents and pending patent applications worldwide and hundreds of client solutions at scale.
The new investment will help companies develop new strategies, operating models, business cases, and digital core architecture to use AI and drive growth and efficiency.
In particular, the company will invest in expanding Data & AI practice to deliver new industry solutions and pre-built models for help companies across 19 industries.
The company will launch AI Navigator for Enterprise platform to accelerate responsible AI practices and compliance programs.
The Data & AI practice is expected to double its AI talent to 80,000 professionals through acquisitions, hiring and training.
Also Read: Accenture Gets $329M Contract From USAID To Provide Cybersecurity And Threat Intelligence Services
Price Action: ACN shares are trading higher by 1.45% at $316.00 premarket on the last check Tuesday.
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