Accenture invests $3 billion in artificial intelligence capabilities

Accenture invests $3 billion in artificial intelligence capabilities

Global professional services giant Accenture has announced a huge investment to further its capabilities in the area of artificial intelligence (AI). Over the next three years, the global consulting and technology firm will pump $3 billion into AI research and development.

Accenture's significant investment in its in-house Data & AI practice aims to beef up the company’s rapid – and responsible development – and use of AI. This strategic move is intended to better help clients achieve enhanced growth, efficiency, and resilience by using AI tools.

Accenture has already previously worked with some of the largest companies in the Middle East on digital transformation, including Saudi Aramco, the largest oil company inthe world. Middle Eastern countries like the UAE have shown a readiness to make serious strides in emerging technology, like AI and the metaverse.