Top 10 AI News Wall Street is Paying Attention To

4. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 60

Accenture plc (NYSE:ACN) is a technology company that offers strategy and consulting services. It also offers systems integration, application management and security solutions. On Feb. 18, INFRONEER Holdings and Accenture plc (NYSE:ACN) announced a joint venture, INFRONEER Strategy & Innovation, to promote innovation in the construction and operation of infrastructure in Japan. The JV, 81% owned by INFRONEER HD and 19% by Accenture, will be established on April 1, 2025, with around 100 employees.

While leveraging advanced technologies like artificial intelligence, the two companies aim to address critical issues plaguing Japan’s aging infrastructure. The joint venture is to accelerate the adoption of data-driven models to enhance productivity at construction and infrastructure operation sites.

Atsushi Egawa, CEO of Accenture Japan, stated, “Japan is facing a severe labor shortage, and we believe digital technology is the key to solving this challenge. Digital technologies augment human capabilities and facilitate collaboration within and beyond organizations, and across borders, resulting in gaining unparalleled advantages in productivity and efficiency for businesses and organizations.”