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Professional services company Accenture is creating a 30,000-strong Nvidia Business Group to scale up its enterprise artificial intelligence (AI) capacity and encourage increased adoption of the technologies.
In recent end-of-year filings, Accenture revealed that generative AI demand drove $3 billion in bookings for the recently closed fiscal year. They intend for the new business group to continue to drive this arm of their business and to introduce what they are calling ‘agentic AI’.
In an announcement on Wednesday (Oct, 2) Accenture describes agentic AI as the “next frontier of gen AI.” Agentic AI is designed to perform multiple tasks and learn from its experiences, acting independently and achieving goals with little human intervention.
LISTEN NOW: Nvidia and Accenture announced a partnership today, aiming to set the blueprint for how to begin integrating AI into the workplace and drive productivity gains. Listen to the @CNBCTechCheck podcast here: https://t.co/GkIlXbKLTT pic.twitter.com/fKBF45TT7b
— CNBC (@CNBC) October 2, 2024
Nvidia’s full AI tech stack
Accenture will be rolling out the use of its AI Refinery, which uses Nvidia’s full AI tech stack. This includes Nvidia AI Foundry, which allows easy creation of custom AI models; Nvidia AI Enterprise, which is a software platform designed to run AI; and Nvidia Omniverse, which is a platform that facilitates building applications.
“We are breaking significant new ground with our partnership with NVIDIA and enabling our clients to be at the forefront of using generative AI as a catalyst for reinvention,” said Julie Sweet, Chair and CEO of Accenture.
“AI will supercharge enterprises to scale innovation at greater speed,” said Jensen Huang, founder and CEO of NVIDIA. “NVIDIA’s platform, Accenture’s AI Refinery and our combined expertise will help businesses and nations accelerate this transformation to drive unprecedented productivity and growth.”
“The power of these announcements cannot be overstated,” Accenture Chief AI Officer Lan Guan said in a press briefing. Guan also described agentic AI as “a game-changer,” and added that agentic AI agents will have “self-reflecting capabilities” and a “memory engine,” allowing them to learn from experiences and mistakes. “We are living in the future we are envisioning, starting with our own company.”
“Demand for GenAI is not slowing down,” Guan said. “We are coming together to increase adoption so they can use generative AI as a competitive advantage.”
Nvidia is a safe bet for AI partnerships in the current landscape, as it continues to develop its own models and post record-breaking earnings.
Featured image credit: Midjourney
