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CLAIM #3648 · Accenture plc (ACN) · 2024Q1 earnings call · Dec 19, 2023 · due Dec 19, 2026

As you know, we are investing $3 billion in AI over three years.

Julie Sweet · CEO

PENDING
graded after results covering Dec 19, 2026 are reported

How to check this claim

Look at: Cumulative investment in AI, as disclosed by the company over the three-year period

It came true if: Cumulative disclosed AI investment >= $3 billion by end of the three-year period

Where: Company press releases / 10-K filings / earnings call management commentary on AI investment

In context

known learning capabilities to continuously create new skilling and career paths for our -- for its people. This move speaks to Vodafone's ambition to work in new ways, reduce structural complexity, reinvent their company and the industry. And of course, we continue to invest in learning for our people with approximately 8 million training hours in the quarter, representing an average of 12 hours per person. Turning to generative AI, our growth and investments. We continue to take an early leadership position in GenAI, which will be an important part of the reinvention of our clients in the next decade. Last quarter, we shared that we had sold approximately 300 projects with $300 million in sales in all of FY '23. Demand continued to accelerate in Q1 with over $450 million in GenAI sales. As you know, we are investing $3 billion in AI over three years. For many of our clients, 2023 was a year of generative AI experimentation. We are now focusing on helping our clients in 2024 realize value at scale. We are excited about the recent launch of our specialized services to help companies customize and manage foundation models. We're seeing that the true value of generative AI is to deliver on personalization and business relevance. This is driven by context and accuracy, data readiness along with foundation model choices and customization are some of the most important steps and decisions that companies will make in the next year as they pursue value. Our clients are going to use an array of models to achieve their business objectives. Our proprietary switchboard allows a user to select the combination of models to address business context o

Verify independently

SEC filings for ACN · Claim quote is verbatim from the 2024Q1 earnings call.