10 AI News Investors Shouldn’t Miss

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1. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 60

Accenture plc (NYSE:ACN) offers strategy and consulting services. On January 6th, Accenture announced that it has launched AI Refinery™ for Industry. The AI Refinery for Industry is a collection of 12 industry agent solutions that will enable organizations to accelerate the development and deployment of AI agents. These agents will allow speeding up the placement of specialized, multi-agent networks that are in turn ready to be customized with an organization’s data. Using Nvidia’s AI technology, the industry solutions will speed up the time to build and gain value from agents from months and weeks to days. Accenture plc (NYSE:ACN) plans to add more than 100 AI Refinery for Industry agent solutions by the end of the year.

“The launch of AI Refinery for Industry represents an expansion of the platform and our collaboration with NVIDIA—which helps clients convert raw AI technologies and tools into scaled enterprise AI systems—providing a foundation to accelerate agentic functionality and reimagine functions and industry processes. Our new industry agent solutions will empower organizations to conceptualize agents and quickly prove their value, hitting the ground running on day one as a network of digital teammates”.

-Lan Guan, chief AI officer, Accenture.

While we acknowledge the potential of ACN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than ACN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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