Top 10 AI News Updates Investors Should Not Miss

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4. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 60

Accenture plc (NYSE:ACN) is an information technology company that provides strategy, consulting technology, and operation services. It offers systems integration, application management, software engineering data, and AI and automation services. On February 11th, the company entered into a strategic collaboration with Google Cloud to accelerate the adoption of cloud solutions and generative AI capabilities in Saudi Arabia.

The strategic collaboration seeks to make it easy for organizations to leverage advanced technologies like AI to generate new business opportunities and improve customer experiences. The same should be achieved by establishing a contemporary digital core and scaling generative AI agents to improve enterprise intelligence and operational efficiency. The use of generative AI has the potential to increase the Kingdom’s gross domestic product by 4%, which is one of the reasons Accenture plc (NYSE:ACN) and Google Cloud are collaborating to advance AI initiatives.

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