Accenture and NVIDIA Expand Partnership to Accelerate Enterprise AI Adoption

Accenture and Nvidia Announced Partnership to Accelerate AI Adoption Among Enterprises

Accenture and NVIDIA announced an expanded partnership, including Accenture's formation of a new NVIDIA Business Group, to help the world's enterprises rapidly scale their AI adoption. With generative AI demand driving $3 billion in Accenture bookings in its recently-closed fiscal year, the new group will help clients lay the foundation for agentic AI functionality using Accenture's AI Refinery™️, which uses the full NVIDIA AI stack -- including NVIDIA AI Foundry, NVIDIA AI Enterprise and NVIDIA Omniverse -- to advance areas such as process reinvention, AI-powered simulation and sovereign AI.

Accenture and Nvidia team up to boost AI adoption

Accenture earned generative AI bookings worth $3bn, while Nvidia's revenue soared to a record high this year, as the AI boom continues. Accenture and Nvidia are expanding their partnership to accelerate the adoption of generative artificial intelligence (AI) tools by businesses worldwide. As part of the plan, Accenture has launched a Nvidia business group to train 30,000 Accenture employees who will guide clients in adopting and scaling the latest AI tools. In the announcement made yesterday (2 October), the partners said they will help businesses jumpstart their "custom" agentic AI journey by providing access to Accenture's AI Refinery which uses Nvidia's full AI stack. The refinery was announced in July and enables companies to create custom models which can be trained using their organisational data and be personalised for their business needs. Agentic AI is a more advanced version of 'traditional' AI, with the capability of acting on a user's intent to create workflows and can modify its actions based on its environment. "Accenture AI Refinery will create opportunities for companies to reimagine their processes and operations, discover new ways of working and scale AI solutions across the enterprise to help drive continuous change and create value," said Julie Sweet, chair and CEO of Accenture. The global professional services company gained new generative AI bookings worth $3bn in the 2024 fiscal year, while Nvidia's revenue soared to a record high as a result of more businesses adopting AI. "A new computing era has begun," Nvidia founder and CEO Jensen Huang said in August. "Companies worldwide are transitioning from general-purpose to accelerated computing and generative AI." Implementing AI and automation tools Accenture also announced that it will debut a new Nvidia NIM Agent Blueprint that can simulate factory productions enabling industrial companies to build robot-operated factories and facilities. It will use the blueprint at its own automation company, Eclipse Automation, with the aim of delivering up to 50pc faster designs, it claims. In addition, Accenture will add to its network of AI Refinery engineering hubs by adding locations in London, Tokyo, Malaga and Singapore to build on fine-tuning and scaling foundation models. Accenture opened a new studio in Dublin this February dedicated to generative AI. The studio is a part of a $3bn investment the consultancy company made in AI last year. Don't miss out on the knowledge you need to succeed. Sign up for the Daily Brief, Silicon Republic's digest of need-to-know sci-tech news.

Accenture bets big on generative AI with Nvidia, launches new business group and AI Refinery

A hot potato: Artificial intelligence is a hot topic with its fair share of controversy and division. Some in the IT industry view it as a threat, rooting for the hype bubble to burst. At the other end of the argument are automation-focused consulting companies trying to turn algorithms into digital "agents" to conduct consulting work with just a few prompts. Accenture and Nvidia have announced they are expanding their AI partnership, aiming to promote (and possibly sell) machine learning algorithms to a growing number of enterprise organizations. The renewed effort includes developing a business group at Accenture (Nvidia Business Group), with tens of thousands of trained professionals and autonomous agents ready to deploy in large-scale operations. The core element of Accenture's AI initiative consists of "agentic AI systems," which the Fortune 500 consulting company says are the next big thing in generative AI tech. Agentic AI systems can act on behalf of a user's intent, creating brand-new workflows or taking appropriate actions to recreate entire processes or functions. Accenture said its customers are already deploying agentic AI systems, but they will now get much better support thanks to over 30,000 new (human) professionals at the company. This AI-promoting army will help Accenture clients quickly adopt the agentic AI paradigm built on a platform known as AI Refinery. This AI Refinery uses the full Nvidia AI stack, including Nvidia AI Foundry, Nvidia AI Enterprise, and Nvidia AI Omniverse. Accenture claims these technologies provide significant advancements in process reinvention, simulation, and "sovereign AI." The newly formed Nvidia Business Group should help enterprise organizations doing business with Accenture hasten their adoption of generative AI services. Accenture AI Refinery will promote AI adoption and be available as a public and private cloud offering on different ecosystems. Accenture CEO Julie Sweet shared her thoughts on AI Refinery, stating that the technology will create new opportunities, discover new ways of working, and scale AI solutions across an enterprise organization. Accenture will also introduce a network of engineering hubs that can fine-tune foundational models, with 57,000 "AI practitioners" serving in Europe, Asia, and North America. The engineering hubs will likely be crucial in persuading third-party companies to sacrifice their future business prospects to the AI altar. Accenture based the centers on work it already did on existing hubs in Mountain View and Bangalore.

Accenture and NVIDIA Partner to Train 30,000 Professionals to Scale Agentic AI for Enterprises

Accenture AI Refinery platform will help companies commence their custom agentic AI journeys using the full NVIDIA AI stack. Accenture and NVIDIA have expanded their partnership with the launch of a new Accenture NVIDIA Business Group, aimed at helping enterprises scale AI adoption. This initiative includes training for 30,000 professionals globally to assist clients in reinventing processes and expanding the use of enterprise AI systems. The new business group will leverage Accenture's AI Refinery platform, which uses NVIDIA's AI stack, to help companies accelerate their AI journeys. The AI Refinery will be available across public and private cloud platforms and aims to streamline AI-powered simulation, process reinvention, and sovereign AI. Accenture's AI Refinery is set to scale the next frontier of AI : agentic AI. "We are breaking significant new ground with our partnership with NVIDIA and enabling our clients to be at the forefront of using generative AI as a catalyst for reinvention," said Julie Sweet, chair and CEO of Accenture. To support this initiative, Accenture is introducing a global network of AI Refinery Engineering Hubs in key regions, including Singapore, Tokyo, Malaga, and London. These hubs will focus on the large-scale development of AI models and operations. Jensen Huang, founder and CEO of NVIDIA, added, "AI will supercharge enterprises to scale innovation at greater speed." This collaboration has already seen successful use cases, such as Indosat Group in Indonesia using agentic AI to develop industry-specific solutions in financial services. Additionally, Accenture is debuting the NVIDIA NIM Agent Blueprint for virtual factory simulations, integrating NVIDIA Omniverse and Isaac software. Accenture's marketing division has also begun using the AI Refinery platform with autonomous agents to streamline campaigns, achieving a 25-55% increase in speed to market. Accenture has been on a role to adopt generative AI across their platform by providing training for upskilling opportunities to their employees. Agentic AI has been a hot topic of discussion across major tech providers over the last few weeks. From Oracle to Salesforce, major Saas players had unveiled a number of AI agentic products across their wide suite of products. There has also been a steady increase in providing autonomous databases for their customers.

Accenture forms Nvidia business group to scale enterprise AI adoption

The aim is to train Accenture's team to help clients reinvent processes and scale enterprise AI adoption with AI agents, said Lan Guan, chief AI officer at Accenture, in a press briefing. "We are living in the future we are envisioning, starting with our own company," Guan said. "We are reinventing this business." Accenture is tapping its existing workforce for the talent, but it is also training current employees and hiring new people to meet the 30,000-person goal for the new group, Guan said. She did not disclose how many new hires there would be. She also did not say how much each company will invest in the partnership. "Demand for GenAI is not slowing down," Guan said. "We are coming together to increase adoption so they can use generative AI as a competitive advantage." Justin Boitano, Nvidia's vice president of enterprise AI software, said in a press call, "Every job function can benefit. There are a lot of great early successes. Customers are not always AI experts. The Accenture team has invested a lot" in this expertise. The new group amounts to an expanded partnership between Accenture and Nvidia. With generative AI demand driving $3 billion in Accenture bookings in its recently-closed fiscal year, the new group will help clients lay the foundation for agentic AI functionality using Accenture's AI Refinery, which uses the full Nvidia AI stack -- including Nvidia AI Foundry, Nvidia AI Enterprise and Nvidia Omniverse -- to advance areas such as process reinvention, AI-powered simulation and sovereign AI. This software foundation will help Nvidia sell more of its AI processors. Guan said the Accenture AI Refinery will be available on all public and private cloud platforms and will integrate seamlessly with other Accenture Business Groups to accelerate AI across the SaaS and Cloud AI ecosystem. "We are breaking significant new ground with our partnership with NVIDIA and enabling our clients to be at the forefront of using generative AI as a catalyst for reinvention," said Julie Sweet, chair and CEO at Accenture, in a statement. "Accenture AI Refinery will create opportunities for companies to reimagine their processes and operations, discover new ways of working, and scale AI solutions across the enterprise to help drive continuous change and create value." I asked if the group was a division of Accenture. The company replied The Accenture Nvidia Business Group is wholly owned by Accenture. Accenture has business groups with its largest and most strategic ecosystem partners. The groups bring together the leading technology from partners with Accenture's innovation and industry experience to help joint clients reinvent their businesses. The Accenture Nvidia Business Group will leverage Accenture's AI Refinery and Nvidia's technology to help enterprises rapidly deploy and scale AI-driven solutions. "AI will supercharge enterprises to scale innovation at greater speed," said Jensen Huang, Nvidia CEO, said in a statement. "Nvidia's platform, Accenture's AI Refinery and our combined expertise will help businesses and nations accelerate this transformation to drive unprecedented productivity and growth." Scaling agentic AI for enterprises The new Accenture Nvidia Business Group will accelerate momentum with generative AI and help clients scale agentic AI systems -- the next frontier of gen AI -- to drive new levels of productivity and growth. This significant investment will be supported by over 30,000 professionals receiving training globally to help clients reinvent processes and scale enterprise AI adoption. Agentic AI systems represent a leap forward for generative AI, the companies said. Instead of a human typing in a prompt or automating pre-existing business steps, agentic AI systems can act on the intent of the user, create new workflows and take appropriate actions based on their environment that can reinvent entire processes or functions. Accenture and Nvidia are already helping clients adopt and scale agentic AI systems. For example, Indosat Group announced the first sovereign AI in Indonesia that enables businesses to securely deploy AI while ensuring data governance and adhering to regulations. It is collaborating with Accenture to build industry-specific solutions on top of Indosat's data center, which includes Nvidia AI software and accelerated computing, to support local enterprises. With an initial focus on the financial services sector, the new solutions, powered by the AI Refinery platform, will help Indonesian banks harness AI to drive profitability, operational efficiency and sustainable growth in a highly competitive market. Accenture will also debut a new Nvidia NIM Agent Blueprint for virtual facility robot fleet simulation, which integrates Nvidia Omniverse, Isaac and Metropolis software, to enable industrial companies to build autonomous, robot-operated software-defined factories and facilities. Accenture will use these new capabilities at Eclipse Automation, an Accenture-owned manufacturing automation company, to deliver as much as 50% faster designs and 30% reduction in cycle time on behalf of its clients. Network of AI engineering hubs As part of its Center for Advanced AI, Accenture is introducing a network of hubs with deep engineering skills and the technical capacity for using agentic AI systems to transform large-scale operations. These hubs will focus on the selection, fine-tuning and large-scale inferencing of foundation models, all of which pose significant accuracy, cost, latency and compliance challenges when development is scaled. Building on existing hubs in Mountain View, California, and Bangalore, Accenture is adding AI Refinery Engineering Hubs in Singapore, Tokyo, Malaga and London. In addition to its use of agentic AI at Eclipse Automation, Accenture's marketing function is integrating the AI Refinery platform with autonomous agents to help create and run smarter campaigns faster. This will result in a 25% to 35% reduction in manual steps, 6% cost savings and is expected to achieve a 25% to 55% increase in speed to market.

Accenture and NVIDIA Lead Enterprises into Era of AI

New Accenture NVIDIA Business Group launched with 30,000 professionals receiving training globally to help clients reinvent processes and scale enterprise AI adoption with AI agentsAccenture AI Refinery platform helping companies jump-start their custom agentic AI journeys using the full NVIDIA AI stackNetwork of Accenture AI Refinery Engineering Hubs serving 57,000 Accenture AI practitioners to open in Europe, Asia and North America, supporting large-scale operations, agentic architecture and foundation model development with NVIDIA AIDeployment of autonomous agents built in AI Refinery achieves early outcomes in Accenture's marketing function Accenture (NYSE: ACN) and NVIDIA today announced an expanded partnership, including Accenture's formation of a new NVIDIA Business Group, to help the world's enterprises rapidly scale their AI adoption. With generative AI demand driving $3 billion in Accenture bookings in its recently-closed fiscal year, the new group will help clients lay the foundation for agentic AI functionality using Accenture's AI Refinery™️, which uses the full NVIDIA AI stack -- including NVIDIA AI Foundry, NVIDIA AI Enterprise and NVIDIA Omniverse -- to advance areas such as process reinvention, AI-powered simulation and sovereign AI. Accenture AI Refinery will be available on all public and private cloud platforms and will integrate seamlessly with other Accenture Business Groups to accelerate AI across the SaaS and Cloud AI ecosystem. "We are breaking significant new ground with our partnership with NVIDIA and enabling our clients to be at the forefront of using generative AI as a catalyst for reinvention," said Julie Sweet, Chair and CEO, Accenture. "Accenture AI Refinery will create opportunities for companies to reimagine their processes and operations, discover new ways of working, and scale AI solutions across the enterprise to help drive continuous change and create value." "AI will supercharge enterprises to scale innovation at greater speed," said Jensen Huang, founder and CEO, NVIDIA. "NVIDIA's platform, Accenture's AI Refinery and our combined expertise will help businesses and nations accelerate this transformation to drive unprecedented productivity and growth." Accenture NVIDIA Business Group Scales Agentic AI for Enterprises The new Accenture NVIDIA Business Group will accelerate momentum with generative AI and help clients scale agentic AI systems -- the next frontier of gen AI -- to drive new levels of productivity and growth. This significant investment will be supported by over 30,000 professionals receiving training globally to help clients reinvent processes and scale enterprise AI adoption. Agentic AI systems represent a leap forward for generative AI. Instead of a human typing in a prompt or automating pre-existing business steps, agentic AI systems can act on the intent of the user, create new workflows and take appropriate actions based on their environment that can reinvent entire processes or functions. Accenture and NVIDIA are already helping clients adopt and scale agentic AI systems. For example, Indosat Group announced the first sovereign AI in Indonesiathat enables businesses to securely deploy AI while ensuring data governance and adhering to regulations. It is collaborating with Accenture to build industry-specific solutions on top of Indosat's data center, which includes NVIDIA AI software and accelerated computing, to support local enterprises. With an initial focus on the financial services sector, the new solutions, powered by the AI Refinery platform, will help Indonesian banks harness AI to drive profitability, operational efficiency and sustainable growth in a highly competitive market. Accenture will also debut a new NVIDIA NIM Agent Blueprint for virtual facility robot fleet simulation, which integrates NVIDIA Omniverse, Isaac and Metropolis software, to enable industrial companies to build autonomous, robot-operated software-defined factories and facilities. Accenture will use these new capabilities at Eclipse Automation, an Accenture-owned manufacturing automation company, to deliver as much as 50% faster designs and 30% reduction in cycle time on behalf of its clients. Network of AI Engineering Hubs As part of its Center for Advanced AI, Accenture is introducing a network of hubs with deep engineering skills and the technical capacity for using agentic AI systems to transform large-scale operations. These hubs will focus on the selection, fine-tuning and large-scale inferencing of foundation models, all of which pose significant accuracy, cost, latency and compliance challenges when development is scaled. Building on existing hubs in Mountain View, Calif., and Bangalore, Accenture is adding AI Refinery Engineering Hubs in Singapore, Tokyo, Malaga and London. Accenture Embraces Agentic AI In addition to its use of agentic AI at Eclipse Automation, Accenture's marketing function is integrating the AI Refinery platform with autonomous agents to help create and run smarter campaigns faster. This will result in a 25-35% reduction in manual steps, 6% cost savings and is expected to achieve a 25-55% increase in speed to market. About Accenture Accenture is a leading global professional services company that helps the world's leading organizations build their digital core, optimize their operations, accelerate revenue growth and enhance services -- creating tangible value at speed and scale. We are a talent- and innovation-led company with 774,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients

Nvidia Partners With Accenture to Boost Corporate AI Adoption

The arrangement will see Accenture create an Nvidia Business Group dedicated to helping clients use and scale generative AI tools, the companies said in a statement on Wednesday. Accenture has trained 30,000 experts on the use of Nvidia's technology to help their customers deploy and get benefits from it rapidly.

Nvidia Partners With Accenture to Boost Corporate AI Adoption

(Bloomberg) -- Nvidia Corp. has expanded a partnership with technology consultant Accenture as part of an effort to drive adoption of artificial intelligence within businesses and boost orders for the chipmaker's products. The arrangement will see Accenture create an Nvidia Business Group dedicated to helping clients use and scale generative AI tools, the companies said in a statement on Wednesday. Accenture has trained 30,000 experts on the use of Nvidia's technology to help their customers deploy and get benefits from it rapidly. While Nvidia's chips dominate deployments of AI hardware, orders are mainly coming from a handful of owners of large data centers, such as Microsoft Corp., Amazon.com Inc.'s AWS and Alphabet Inc.'s Google. Analysts and investors have expressed concern that tens of billions of dollars they're spending on new infrastructure hasn't yet provided a financial return that justifies the outlay. Nvidia has responded by launching a flurry of software, services and hardware aimed at making the technology accessible and valuable to a broader set of customers, all aimed at perpetuating what Nvidia's Chief Executive Officer Jensen Huang says is a new industrial revolution. Accenture has already invested heavily in generative AI and in July launched its so-called AI Refinery using Nvidia's technology, to allow its clients to build custom large-language models to power AI tools tailored to their industries. The company credited its most recent quarterly earnings beat to strong demand for its help in deploying generative AI. According to Accenture's head of AI, Lan Guan, nine out of ten organizations recognize the impact that generative AI is having but less than 10% have found a way to make it work for them yet.

Nvidia and Accenture partner to foster development of AI agents - SiliconANGLE

Nvidia and Accenture partner to foster development of AI agents Nvidia Corp. and Accenture plc today are announcing a partnership that will apply 30,000 Accenture consultants trained in Nvidia technology to building artificial intelligence agents for customers across 120 countries. The newly formed Accenture Nvidia Business Group is aimed at laying the foundation for the next generation of AI functionality using Accenture's AI platform and a variety of Nvidia technologies. They include Nvidia Inference Microservices, a framework that simplifies the deployment and scaling of AI models. It uses prebuilt, optimized microservices for AI inferencing, and NeMo, a framework for building, fine-tuning, and deploying large-scale AI models for natural language processing, speech recognition and conversational AI. Generative AI projects drove $3 billion in Accenture revenue in the most recent fiscal year, according to Lan Guon, chief AI officer at Accenture. Nevertheless, the global professional services giant estimated only about 10% of companies have "fully scaled gen AI," she said. Agentic AI refers to a type of AI system that can act with some level of autonomy to make decisions and take actions independently based on their environment, goals and training. Whereas traditional AI operates strictly within the bounds of pre-programmed instructions or responses, agentic AI can adapt, learn and respond to situations dynamically. "It's no longer just about prompting the pre-built large language models and waiting for response; we can actually develop specialized capabilities that can independently and autonomously interact or actually make progress against goals or human's intention," Guon said. Accenture defines several categories of agents. For example, research agents investigate topics and summarize findings to inform decision-making without human intervention. Orchestrator agents are project managers that manage multiple agentic workflow functions. Using NIMS on Nvidia infrastructure enables models to run between two and five times faster, said Justin Boitano, vice president of enterprise AI software at Nvidia. "As the AI applications run and interact with people, they generate new data that has to be fed back to improve the models in a continuous learning cycle," he said. "The Nvidia Nemo framework enables this flywheel through performance-optimized fine-tuning and training. Nvidia AI Foundry is the factory for running this flywheel." Accenture's AI Refinery can be used to build agentic AI systems and customize agents. It includes model training and tuning recipes that enterprises can use to build a models using their own agents. A third component provides access to multiple foundation models and integrates both external and internal data. The Refinery "harnesses the performance-optimized models of NIMS, uses NIMO for fine-tuning and evaluation and the experts at Accenture are the powerhouse that scales this globally," Boitano said. Accenture said the venture's focus will be on enterprise reinvention, AI-powered simulation and sovereign AI, which transforms functions within an organization. It showed a demonstration of how AI is used in the company's own marketing communications function to plan campaigns taking into account competitive intelligence, other events, digital assets and historical data from back-end systems.

Nvidia and Accenture Tie-up Promotes Corporate AI Adoption | PYMNTS.com

The news comes as generative AI demand helped drive $3 billion in Accenture bookings in its latest fiscal year, according to a Wednesday (Oct. 2) press release. The expanded partnership includes the formation of the Nvidia Business Group, designed to "help clients lay the foundation for agentic AI functionality" with Accenture's AI Refinery, which is powered by Nvidia's AI stack. "We are breaking significant new ground with our partnership with Nvidia and enabling our clients to be at the forefront of using generative AI as a catalyst for reinvention," Accenture Chair and CEO Julie Sweet said in the release. "Accenture AI Refinery will create opportunities for companies to reimagine their processes and operations, discover new ways of working, and scale AI solutions across the enterprise to help drive continuous change and create value." Accenture AI Refinery will be available on all public and private cloud platforms and integrate with other Accenture business groups to accelerate AI throughout the Software-as-a-Service (SaaS) and cloud AI ecosystem, per the release. The partnership follows a May collaboration between Accenture and Oracle designed to help clients accelerate their adoption of generative AI in their finance organizations. In other AI news, the technology's increasing role in software development is helping reshape commerce, making product launches faster and creating more personalized customer experiences. Coding tools, such as the GitHub Copilot and OpenAI's Codex, are transforming how companies develop and deploy software. These advanced machine-learning models can suggest code snippets, perform functions, or construct entire code files using prompts or existing code. "AI coding tools enhance the productivity of developers greatly through the automation of some repetitive tasks and code suggestions," Dhaval Gajjar, chief technology officer of SaaS company Textdrip, told PYMNTS Tuesday (Oct. 1). "This can bring about faster development cycles and, consequently, reduce the time-to-market." He said these tools "maintain the quality of code based on best practices and catch potential errors right at the development stage. It reduces an extended testing and debugging process, thereby saving a lot of time and resources."

Accenture And NVIDIA Team Up To Supercharge Global AI Adoption: Details - Accenture (NYSE:ACN)

AI Refinery platform to streamline processes, reduce costs, and improve speed to market by 25%-55%. Accenture plc ACN shares are trading higher on Wednesday. The company inked an expanded partnership with NVIDIA Corporation NVDA, which included the establishment of a new NVIDIA Business Group by Accenture to assist global enterprises in rapidly scaling their AI adoption. Accenture NVIDIA Business Group will train 30,000 professionals worldwide to assist clients in reinventing processes and scaling enterprise AI adoption using AI agents. The Accenture AI Refinery platform will help companies accelerate their custom AI journeys by leveraging the complete NVIDIA AI stack. A network of Accenture AI Refinery Engineering Hubs will open in Europe, Asia, and North America, supporting 57,000 Accenture AI practitioners in large-scale operations, agentic architecture, and foundation model development with NVIDIA AI. Accenture's marketing is leveraging the AI Refinery platform with autonomous agents to streamline campaigns, reducing manual steps by 25-35%, cutting costs by 6%, and increasing speed to market by 25%-55%. Accenture is launching a new NVIDIA NIM Agent Blueprint for virtual facility robot fleet simulation, integrating NVIDIA Omniverse, Isaac, and Metropolis software to help industrial companies build autonomous, robot-operated factories. Julie Sweet, Chair and CEO, Accenture, said, "Accenture AI Refinery will create opportunities for companies to reimagine their processes and operations, discover new ways of working, and scale AI solutions across the enterprise to help drive continuous change and create value." Jensen Huang, founder and CEO, NVIDIA added, "NVIDIA's platform, Accenture's AI Refinery and our combined expertise will help businesses and nations accelerate this transformation to drive unprecedented productivity and growth." Investors can gain exposure to the stock via Trust For Professional Managers Jensen Quality Growth ETF JGRW and IShares U.S. Tech Independence Focused ETF IETC. Price Action: ACN shares are up 0.82% at $354.88 at the last check Wednesday. Photo via Wikimedia Commons Read Next: Accenture Is A 'Key Beneficiary Of' GenAI: Analysts Raise Forecasts After Q4 Results This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Accenture To Train 30,000 Staff On Nvidia AI Tech In Blockbuster Deal

The global services powerhouse says its newly formed Nvidia Business Group will focus on driving enterprise adoption of what it called 'agentic AI systems' by taking advantage of key Nvidia software platforms that fuel consumption of GPU-accelerated data centers. Global services powerhouse Accenture said it will train 30,000 employees on Nvidia's full stack of AI technologies and start a new business group dedicated to the AI computing giant as part of a blockbuster deal between the two behemoths. Accenture, No. 1 on CRN's 2024 Solution Provider 500 list, announced the expanded partnership on Wednesday and said its newly formed Nvidia Business Group will focus on driving enterprise adoption of what it called "agentic AI systems" by taking advantage of key Nvidia software platforms that fuel consumption of GPU-accelerated data centers. [Related: These Are Nvidia's Top 13 Americas Partners With Fast-Growing AI Businesses] "The power of these announcements cannot be overstated," Accenture Chief AI Officer Lan Guan said in a briefing with journalists and analysts the day before. Called the "next frontier" of generative AI, these "agentic AI systems" involve an "army of AI agents" that work alongside human workers to "make decisions and execute with precision across even the most complex workflows," according to Guan, a 21-year Accenture veteran. Unlike chatbots such as ChatGPT, these agents do not require prompts from humans, and they are not meant to automating pre-existing business steps. Most of the work done by Accenture's new business group will happen through its AI Refinery platform, which takes advantage of three key Nvidia software platforms: Nvidia AI Foundry aids with the development of custom generative AI models by providing access to foundation models, frameworks and tools. Nvidia AI Enterprise offers microservices and tools for developing, optimizing and deploying AI applications. Nvidia Omniverse, on the other hand, enables development and deployment of 3-D applications. The latter two technologies are paid offerings from Nvidia, and they require systems that are powered by the company's popular and powerful GPUs. Julie Sweet, chair and CEO of Accenture, said the company is "breaking significant new ground" and helping clients use generative AI as a catalyst for reinvention." "Accenture AI Refinery will create opportunities for companies to reimagine their processes and operations, discover new ways of working, and scale AI solutions across the enterprise to help drive continuous change and create value," she said in a statement. In tandem with the launch of the Nvidia business group and massive training effort, Accenture said it's opening a network of AI engineering hubs in Singapore, Tokyo, Malaga and London that will aid with its push to drive adoption of "agentic AI systems." These hubs become part of Accenture's Center for Advanced AI and complement existing locations in Mountain View, Calif., and Bangalore. Accenture also plans to offer a new microservice meant to enable and optimize virtual facility robot fleet simulation workloads as part of Nvidia's NIM Agent Blueprints, which is a category of pre-trained, customizable AI workflows that debuted in August. Guan called "agentic AI systems" a "game-changer in how our clients reinvent their business" and said these agents will have "self-reflecting capabilities" and a "memory engine" that will allow them to learn from mistakes. Agents within these systems will specialize in specific tasks, whether that's to research topics or orchestrate "multiple functions across your enterprise," according to Guan. For example, Accenture designed a system consisting of 14 agents that allows its marketing team to "create and run smarter campaigns faster." The company said this is expected to reduce the manual steps taken for such tasks by 25-35 percent, decrease costs by 6 percent and accelerated completion of said tasks by 22-55 percent. Elsewhere, the IT services giant said it plans to use its new NIM Agent for robot fleet simulation at Eclipse Automation, an Accenture-owned manufacturing automation company, and it expects the agent to speed up designs by as much as 50 percent. "I believe that this is the future we are heading towards: AI that does not just respond, but also actually learns, improves and works as a part of the team," Guan said. Accenture is doubling down on its partnership with Nvidia after the company said last week that it had $3 billion in new generative AI bookings in its 2024 fiscal year, $1 billion of which came from the fourth quarter that ended on Aug. 31. Nvidia's expanded partnership with Accenture is part of a concerted effort by the AI computing giant to grow its influence with global systems integrators (GSIs) and other multinational IT services companies that have significant influence within enterprises. Among the other GSIs that have developed extended relationships with Nvidia, Infosys said a year ago that it would train and certify 50,000 employees on the chip designer's AI hardware and software solutions for example. At the helm of these efforts is Alvin Da Costa, Nvidia's former global channel chief who became the leader of its global consulting organization in June 2023. Da Costa told CRN last year that Nvidia formed the new group to focus on its growing relationships with GSIs and service delivery partners -- a move backed by Nvidia CEO Jensen Huang. "Jensen has been a very big advocate of partners, and he's really giving us the latitude to make our partners profitable, to make them successful," he said at the time.

Nvidia's AI Leadership To Drive $1 Trillion Market Growth, With Accenture Partnership Accelerating Adoption, Analyst Says - NVIDIA (NASDAQ:NVDA), Accenture (NYSE:ACN)

Analyst Dan Ives highlights this collaboration as a 'start of the internet moment,' projecting $1 trillion in AI capital expenditure ahead. In the latest tech news that has investors buzzing, Nvidia Corp NVDA and Accenture PLC ACN have teamed up to forge a new era in AI adoption within enterprises. As they unveil their ambitious plans, Wedbush Securities' analyst Dan Ives has weighed in with insights that paint a promising picture for Nvidia's stock. Accenture's new Nvidia Business Group aims to equip 30,000 professionals globally, enabling companies to reinvent their processes and scale AI adoption efficiently. 'Tip Of The Iceberg' In AI Revolution "AI starts with the Godfather of AI Jensen and Nvidia," Ives said. He believes this partnership is just the beginning, calling it "the tip of the iceberg on the broader AI Revolution and demand adoption into 2025 and beyond." The stakes are high, with Ives predicting massive financial ramifications. "For every $1 spent on an Nvidia GPU, there is a $8-$10 multiplier across the tech sector," he said, suggesting that Nvidia is not just a player in the AI space, but a dominant force poised for growth. Read Also: Accenture And NVIDIA Team Up To Supercharge Global AI Adoption: Details Nvidia's GPU's = 'New Oil & Gold' Of The Tech World As enterprises ramp up their AI investments, Nvidia's GPUs have become the "new oil and gold" in the tech world, a clear sign of its strategic importance. But what does this mean for Nvidia's future? According to Ives, the upcoming months will be critical. He likens the current landscape to "the 1995 (almost 1996) start of the Internet Moment," distinguishing it from the tumultuous 1999 Tech Bubble. $1T In AI Expenditure Coming Up He forecasts that the coming $1 trillion in AI capital expenditures will significantly impact Nvidia's position, despite growing competition from rivals like Advanced Micro Devices Inc AMD. As demand for AI solutions accelerates across the globe, with tech giants like Amazon, Google's parent Alphabet Inc, and Microsoft reporting surges in enterprise AI needs, it's clear that Nvidia is at the forefront of this technological renaissance. With Accenture leading the charge, the stage is set for Nvidia's stock to potentially soar as the AI revolution unfolds. In a world where technology is rapidly shaping our future, all eyes are on Nvidia, the dominant force in the AI sector. With innovations pushing boundaries and markets soaring, investors should brace themselves for a thrilling ride. Read Next: Nvidia Expands AI Offerings with New Open-Source Models and Unreal Engine 5 Plugins Photo: Shutterstock Market News and Data brought to you by Benzinga APIs

Jensen Huang On Transformative Partnership With Accenture: AI As 'Digital Employees' Will Revolutionize Productivity - NVIDIA (NASDAQ:NVDA), Accenture (NYSE:ACN)

NVIDIA Corp NVDA CEO Jensen Huang and Accenture ACN CEO Julie Sweet revealed details of their transformative partnership, in an announcement to reshape the landscape of artificial intelligence in business. The collaboration aims to deploy AI agents across corporations, potentially ushering in a new era of digital productivity. What Happened: Huang, known for his visionary leadership in the tech industry, described Accenture as a "transformer" in connecting Nvidia's cutting-edge AI technology with real-world business applications. Huang and Sweet appeared together on CNBC's Closing Bell Overtime This partnership comes at a crucial juncture in AI development, as companies worldwide seek to harness the power of generative AI to boost efficiency and innovation. "We're seeing the beginning of the next and largest wave of AI, which is about companies around the world using AI to become more productive," Huang explained. He highlighted the concept of AI as "digital employees" or "co-pilots," terms that are gaining traction in the corporate world to describe AI-powered assistants designed to augment human capabilities. The Nvidia chief outlined two key operating systems at the heart of this AI revolution: Nemo: A system for large language models, forming the backbone of their AI factory work. Omniverse: A platform that represents digital information in the realm of space and time. These technologies, while powerful, require a bridge to connect them with practical business outcomes. This is where Accenture's expertise comes into play. Sweet shed light on Accenture's role in this partnership, revealing the development of a new platform called AI Refinery. This innovative tool is designed to help customers build AI agents, co-pilots, and tools that can access proprietary information, perform tasks, and drive productivity. To illustrate the potential of this collaboration, Sweet provided a compelling example from Accenture's own operations. "We have a million square feet of manufacturing space where we produce customized automation robotics," she said. By leveraging Nvidia's AI Foundry and Omniverse technologies, Accenture has managed to reduce the design time for these customized robotic automations by an impressive 50%. See Also: Amazon, Apple, Tesla Brace For Supply Chain Disruptions As Potential East Coast Dockworkers Strike Nears Why It Matters: The collaboration between Nvidia and Accenture is poised to significantly impact the AI landscape. Recently, Accenture launched the Accenture Nvidia Business Group, training 30,000 professionals globally to help clients scale AI adoption. This initiative will integrate with other Accenture Business Groups to accelerate AI across the SaaS and Cloud AI ecosystem. Nvidia AI leadership is expected to drive a $1 trillion market growth, as noted by Wedbush Securities' analyst Dan Ives. The collaboration aims to equip enterprises with the tools needed to efficiently scale AI adoption. Additionally, Nvidia's upcoming Blackwell GPU platform is set to set new AI benchmarks, with over 100 system configurations. This development is expected to bolster Nvidia's financials, as noted by JPMorgan analyst Harlan Sur. Price Action: Nvidia stock closed at $118.85 on Wednesday, up 1.58% for the day. In after-hours trading, the stock increased further by 1.51%. Year to date, Nvidia has surged by an impressive 146.73%. Meanwhile, Accenture ended the trading day at $356.29, up 1.22%. After hours, the stock rose an additional 2.30%. Year to date, Accenture has gained 2.70%, according to data from Benzinga Pro. Read Next: Odds Of Tim Walz Winning The VP Debate Drop On Polymarket As Bettors Favor JD Vance -- Harris Maintains Lead Over Trump Courtesy of Accenture Plc Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

What Happened With Accenture Stock Today? - Accenture (NYSE:ACN)

Dan Ives says the new venture is "the tip of the iceberg on the broader AI Revolution and demand adoption into 2025 and beyond." Accenture Plc ACN shares moved higher Wednesday after the company announced it expanded its partnership with NVIDIA Corp. NVDA to launch the Accenture NVIDIA Business Group. The Details: Accenture said the new Accenture Nvidia Business Group launched with 30,000 professionals receiving training globally to help clients scale enterprise AI adoption with AI agents using Accenture's AI Refinery developed on the NVIDIA AI stack. The Accenture AI Refinery will be available on all public and private cloud platforms and will integrate with other Accenture Business Groups to accelerate AI across the SaaS and Cloud AI ecosystem. Read Next: What Happened With Rivian Stock Today? Wedbush tech analyst Dan Ives cheered the new venture, describing it as "the tip of the iceberg on the broader AI Revolution and demand adoption into 2025 and beyond." Ives also mentioned both companies in a post on the social media platform X in which he described the partnership as the "AI Revolution taking hold." Accenture shares are moving higher in Wednesday's extended trading after its CEO Julie Sweet and Nvidia CEO Jensen Huang appeared together on CNBC's Closing Bell Overtime program. ACN Price Action: According to Benzinga Pro, Accenture shares are up 2.15% after-hours at $363.96 after climbing 1.20% in Wednesday's regular trading session. Read Also: What's Going On With MicroStrategy Stock? Photo: Courtesy of Accenture Plc Market News and Data brought to you by Benzinga APIs