Accenture expands AI with NVIDIA-powered agents

NEW YORK & SAN JOSE, Calif. - Accenture (NYSE: ACN) has introduced an AI agent builder as part of its AI Refinery platform expansion, enabling business users to construct and customize AI agents rapidly. This development is aimed at enhancing enterprise agility in response to dynamic market conditions. The company is also increasing its pre-configured industry AI agent solutions, leveraging NVIDIA’s new reasoning models, to streamline business processes and boost efficiency across various sectors. With a P/E ratio of 26.74 and strong return metrics, Accenture demonstrates its ability to convert innovation into shareholder value. Want deeper insights? InvestingPro offers 13 additional key tips about Accenture’s performance and prospects.

The AI agent builder allows users to tailor AI agents without the need for coding, facilitating quick adaptation to scenarios such as policy shifts, competitive offers, or unexpected consumer feedback. This feature is designed to provide businesses with a competitive edge by enabling them to modify agent teams swiftly and with ease.

Accenture’s AI Refinery platform, built upon NVIDIA AI Enterprise, is witnessing the development of over 50 industry-specific AI agent solutions, with a target of reaching 100 by year’s end. These solutions span industries like telecommunications, financial services, insurance, and more, with the intent to improve operational performance.

Several organizations, including ESPN, HPE, Noli, and the United Nations, are exploring how the resources offered by Accenture AI Refinery can enhance fan experiences, sourcing, and engagement. For instance, ESPN is testing an AI avatar designed to enrich fan interactions, while HPE is implementing an AI solution to optimize its sourcing and procurement strategies. Noli, backed by the L’Oréal Group, leverages an AI-powered shopping platform to provide personalized beauty product recommendations. The UN is developing a multilingual research agent to support its Sustainable Development Goals in over 150 languages.

Accenture’s industry agent solutions are set to incorporate NVIDIA’s Llama Nemotron AI models with reasoning capabilities, available with NVIDIA AI Enterprise. These solutions are intended to allow AI agents to operate autonomously, making informed decisions that can enable human workers to concentrate on more critical aspects of their jobs.

Justin Boitano, vice president of Enterprise Software at NVIDIA, highlighted the transformative potential of agentic AI, which can empower enterprises to enhance productivity with intelligent agents capable of tackling complex tasks.

Accenture’s AI Refinery is compatible with all public and private cloud platforms and aims to accelerate AI integration across various business groups and the SaaS and Cloud AI ecosystem. This announcement underscores the ongoing collaboration between Accenture and NVIDIA to advance AI adoption in global enterprises.

The information provided in this article is based on a press release statement. For investors seeking comprehensive analysis, InvestingPro provides an in-depth research report on Accenture, part of its coverage of 1,400+ top US stocks, offering clear, actionable intelligence through intuitive visuals and expert analysis.

In other recent news, Accenture is preparing to release its second-quarter earnings, with analysts offering varied projections. Baird analyst David Koning upgraded Accenture’s stock rating to Outperform, setting a price target of $390, citing strong demand for Managed Services and potential growth in Generation AI technology. Meanwhile, Piper Sandler revised their price target to $396, maintaining an Overweight rating but expressing caution about the company’s financial upside amid macroeconomic uncertainties. Similarly, TD Cowen adjusted their price target to $394, predicting Accenture’s results will surpass Wall Street forecasts, allowing for modest upward revisions to revenue and earnings guidance.

BMO Capital Markets, on the other hand, reduced their price target to $370, maintaining a Market Perform rating, and expressed concerns about economic challenges impacting Accenture’s guidance. In a strategic move, Accenture announced an investment in OPAQUE, a company focused on confidential AI technology, to enhance security and privacy in AI operations. This investment aims to integrate OPAQUE’s platform into Accenture’s AI Refinery and Trusted Data Services, addressing privacy and compliance challenges in AI implementations.

These developments reflect a complex landscape for Accenture, with analysts presenting mixed outlooks on the company’s financial prospects and strategic initiatives.

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