Accenture, Chipmaker Nvidia Forge Artificial Intelligence Partnership

Accenture (ACN) and Nvidia on Wednesday announced a partnership to drive corporate adoption of artificial intelligence technologies. Nvidia (NVDA) stock and Accenture stock rose amid the news.

Global IT services and consulting company Accenture will train some 30,000 employees on Nvidia’s artificial-intelligence software platform. Accenture will create a new Nvidia business division.

“Accenture AI Refinery will create opportunities for companies to re-imagine their processes and operations, discover new ways of working, and scale AI solutions across the enterprise to help drive continuous change and create value,” said Accenture Chief Executive Julie Sweet said in a statement.

When Accenture reported fiscal fourth-quarter earnings last week, it said bookings rose 21% to $20.1 billion, including $1 billion in artificial intelligence-related bookings.

Nvidia is the leading provider of AI chips in data centers.

Nvidia Stock: ‘Agentic AI’ Partnership

On the stock market today, Accenture stock rose a fraction to 354.38. Nvidia stock gained more than 1% to 118.47.

Nvidia is among AI stocks to watch. Further, Nvidia stock has climbed 136% in 2024.

Meanwhile, Nvidia and Accenture plan to focus on “Agentic AI systems,” the companies said. The companies aim to drive corporate adoption of generative AI agents to automate tasks, including in marketing and factory automation.

“Agentic AI systems represent a leap forward for generative AI,” the companies said. “Instead of a human typing in a prompt or automating preexisting business steps, agentic AI systems can act on the intent of the user, create new workflows and take appropriate actions based on their environment that can reinvent entire processes or functions.”

Further, Salesforce (CRM) and other software companies are also working on autonomous agentic AI technology.

Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.

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