Stock market today: S&P 500 closes lower amid caution ahead of Fed decision
NEW YORK - Accenture (NYSE:ACN) and OpenAI announced Monday a collaboration to integrate agentic AI systems into enterprise business operations, with Accenture set to equip tens of thousands of its professionals with ChatGPT Enterprise. The IT services giant, with a market capitalization of $155 billion and recognized as a prominent player in its industry according to InvestingPro data, appears undervalued at its current price of $250 despite experiencing a 27.45% year-to-date decline.
The partnership will make OpenAI one of Accenture’s primary AI partners for its next generation of AI-powered services, according to a press release. Accenture will leverage ChatGPT Enterprise in its consulting, operations, and delivery work while helping OpenAI scale its enterprise capabilities.
The companies are launching a flagship AI program combining OpenAI’s enterprise products with Accenture’s industry expertise to help clients transform legacy processes into AI-powered workflows. This initiative will focus on developing AI-first solutions for corporate functions including customer service, supply chain, finance, and HR.
"By combining OpenAI’s breakthrough technologies with Accenture’s deep industry and functional expertise and global delivery capabilities, we will accelerate enterprise reinvention and business outcomes for our clients," said Julie Sweet, Chair and CEO of Accenture.
Fidji Simo, CEO of Applications at OpenAI, stated: "Accenture plays an important role in helping companies adopt the technologies that define each new era, and we’re excited to partner with them to accelerate the AI transformation of the largest enterprises."
Accenture will also create what it describes as the largest group of professionals upskilled through OpenAI Certifications, applying these learnings to help clients scale their own AI adoption.
As part of the collaboration, Accenture is assisting OpenAI with scaling its business operations, including the design and delivery of globally scaled front and back-office functions.
The partnership aims to serve clients across multiple industries, including financial services, healthcare, the public sector, and retail.
In other recent news, Accenture has made significant strides in its AI capabilities through strategic acquisitions and investments. The company announced the acquisition of RANGR Data, a certified Palantir partner, enhancing its expertise in supply chain management and real-time analytics. This acquisition brings 40 professionals skilled in Palantir Foundry and AIP to Accenture’s team. Additionally, Accenture has invested in Alembic, an AI-powered marketing intelligence platform, to improve clients’ marketing effectiveness and revenue tracking. This partnership will leverage AI-driven insights to analyze data across multiple marketing channels.
Furthermore, Accenture is collaborating with PPL Corporation to implement a new technology financial management platform, powered by Apptio’s solutions, to enhance PPL’s strategic decision-making. The company also announced an investment in Lyzr, a firm specializing in agentic AI applications, to provide AI solutions to banking, insurance, and financial services clients. Lyzr’s Agent Studio platform allows for the development of AI agents that automate tasks and integrate into existing workflows. These developments highlight Accenture’s ongoing efforts to expand its AI capabilities and strengthen its position in various sectors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.