We recently published a list of Top 8 Trending AI News Updates Investors Should Not Miss. In this article, we are going to take a look at where Accenture Plc (NYSE:ACN) stands against other top trending AI news updates investors should not miss.
As AI takes over industries worldwide, the technology has begun replacing the redundant human workforce, as popular banks reveal plans to shrink headcount amid rapid AI adoption. The lightning-fast takeover of AI is also reflected in OpenAI’s claims that it now serves 400 million weekly active users, a 100 million jump in users since December 2024.
Scale AI CEO and founder Alexander Wang said at the Web Summit Qatar 2025 that the US and China are leading in AI preparedness.
“Nearly every country in the world, or nearly every company in the world, will ultimately likely build AI technology on top of either the US technology stack or that of the Chinese technology stack,” Wang noted.
Elsewhere, the surging demand for AI infrastructure has prompted South Korea to build the world’s biggest AI data center with a 3 GW capacity by 2028. The $10 billion project is expected to commence construction in H2 2025 and generate revenues of $2.5 billion annually.
“This is more than just a technological milestone; it’s a strategic leap forward for Korea’s global technological leadership. We are incredibly proud to partner with Stock Farm Road and the Jeollanam-do government to build this crucial infrastructure, creating an unprecedented opportunity to build the foundation for next-generation AI.”
-said SFR co-founder Dr Amin Badr-El-Din
We selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s database of over 1000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A team of data experts gathered around a computer monitor analyzing customer data.
Accenture Plc (NYSE:ACN)
Number of Hedge Fund Holders: 79
Accenture Plc (NYSE:ACN) is a global provider of services ranging from agile transformation data analytics to intelligent automation, AI, and software engineering. The company is accelerating R&D and AI agent deployment using Nvidia’s (NASDAQ:NVDA) AI offerings for faster placement of multi-agent networks and facilitating seamless integration into enterprise systems. It is also revamping its core banking modernization capabilities through platform acquisitions, enabling data unification from legacy and modern banking architectures for product development and innovation.
On February 24th, Accenture Plc (NYSE:ACN) forged a partnership with Australia’s Westpac bank to improve the latter’s digital banking service through AI-powered agents, expected to enhance productivity, automate compliance checks, streamline banking processes, efficiently oversee customer interactions, and advance operational dynamics within the banking giant.
“We are exploring multiple applications for these agents across products, customer service, fraud prevention, and more.”
-said Pieter Vorster, general manager for data platforms at Westpac.
Overall, ACN ranks 2nd on our list of top trending AI news updates investors should not miss. While we acknowledge the potential of ACN as an investment, our conviction lies in the belief that 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.
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Disclosure: None. This article is originally published at Insider Monkey.
