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☆ Cramer's Lightning Round: DraftKings is a buy
  + stars: | 2024-05-16 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Accenture's year-to-date stock performance. Stock Chart Icon Stock chart icon Ouster's year-to-date stock performance. Stock Chart Icon Stock chart icon Vistra's year-to-date stock performance. Stock Chart Icon Stock chart icon DraftKings' year-to-date stock performance. [buy, buy, buy!]
Persons: I'm, it's, I've, DraftKings Organizations: Accenture, Boston
☆ 3 tricks legacy media companies can learn from social-video platforms, per a new Accenture report
  + stars: | 2024-05-16 | by ( Sydney Bradley | ) www.businessinsider.com   time to read: +5 min
Read previewTraditional media and entertainment companies must undergo "radical levels of reinvention," John Peters, Accenture's lead for media and entertainment clients, told Business Insider. Traditional media companies, like live broadcasting or linear channels, are "seeing viewership migrate away from their platforms," Peters said. Advertisement"They're increasingly moving to social media and social video platforms and video games," Peters said. Here are three things that traditional media companies can learn from social media giants, per the Accenture report. AdvertisementPeters also pointed to events like the annual Academy Awards or live sports as opportunities for media companies to use UGC.
Persons: —, John Peters, Accenture's, Peters, Goldman Sachs, Nikki Mendonca, Mendonca, Elon Organizations: Service, Accenture, Business, Media Industry, Netflix, Hulu, WARC Media, Meta, Media, UGC, Apple, Google, Spotify, Disney Locations: North America, Europe, Asia, America
☆ Less burnout for doctors, better clinical trials, among the benefits of AI in health care
  + stars: | 2024-04-23 | by ( Rachel Curry | ) www.cnbc.com   time to read: +2 min
Nvidia , known primarily as a hardware and chip company, has been working to optimize the health care space for 15 years. Kimberly Powell, Nvidia's vice president of health care, and her team build domain-specific applications for health care, including in the realm of imaging, computing, genomics and drug discovery, under the umbrella of the "Clara" suite. Health care is one of the largest data industries, Powell says. I'm not sure that's true," said Dr. Josh Fessel, director of the office of translational medicine at the National Institutes of Health. However, the thing about document creation, says Dr. Kaveh Safavi, senior managing director for Accenture's global health care business, is that medical professionals must learn to verbalize their findings in the exam room.
Persons: Kimberly Powell, Clara, It's, Powell, it's, I'm, Josh Fessel, Adam Kay's, Kaveh Safavi Organizations: of Medicine's, Nvidia, National Institutes of Health
☆ AI-powered Cherish Health has raised $26 million and is set to raise a $30 million Series B — and hasn't grabbed a single dollar from VCs. Here's why.
  + stars: | 2024-03-25 | by ( Rebecca Torrence | ) www.businessinsider.com   time to read: +6 min
But with his latest startup, Cherish Health, he's taking a different approach. To date, Cherish Health, which makes a radar-based device to detect falls in the home, has raised $26 million from these alternative sources. Cherish Health is now gearing up to raise its Series B round, targeting $30 million at a $200 million valuation. In late 2022, Cherish Health landed $5 million in Series A funding led by Alarm.com at a $45 million valuation. If Cherish Health had gone the way of traditional venture capital, Nagpal said, "we would've given up most of our value by now."
Persons: Sumit Nagpal, Nagpal, he's, we've, JP Morgan, Health's, Health, Alarm.com, consortiums, aren't Organizations: pharma, Abbott, Business, Accenture, Health, Apple, Comcast, Amazon, Cherish Health Locations: Alere, Haven, Amazon , Berkshire, Alarm.com, VCs
☆ Consulting firms are cutting projections and tightening their belts as demand for their work slows
  + stars: | 2024-03-23 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: +3 min
Major consulting firms are seeing demand for their services slow. AdvertisementAccenture said in its quarterly report that consulting revenue for the second fiscal quarter, which ended on February 29, fell about 3% compared to 2023. Major consulting firms across the board are facing waning demand from clients. Some consulting firms are surviving the slowdown by reorganizing. AdvertisementDespite all the doom and gloom , one bright spot for consulting firms is the promise of AI.
Persons: —, Julie Sweet, Joe Ucuzoglu Organizations: Consulting, Accenture, Deloitte, Service, Financial
☆ It's not just Nvidia: The AI boom could create semiconductor jobs across the US and reduce reliance on risky Taiwan
  + stars: | 2024-02-29 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +8 min
The demand for Nvidia's AI chips could bolster job growth across the semiconductor industry. It could also help bring more semiconductor chip manufacturing stateside and reduce the US's reliance on Taiwan — which remains vulnerable to Chinese invasion that would wreak havoc on the global economy. AdvertisementEven without the AI boom, the semiconductor industry was already poised for big job gains in the near future. Of the 115,000 US new semiconductor jobs the Semiconductor Industry Association is projecting by 2030, it said roughly 67,000 of these positions risk going unfilled given current college degree completion rates. In an effort to prevent a worker shortage, community colleges and universities across the country have partnered with semiconductor companies.
Persons: —, Pat Gelsinger, It's, who've, TSMC, Syed Alam, Ed Kaste, GlobalFoundries, Mark Muro, Muro, Jensen Huang, hasn't, Dylan Patel, SemiAnalysis, Patel, Accenture's Alam, Alam Organizations: Nvidia, TSMC, Service, Deloitte, Semiconductor Industry Association, Accenture, Meta, Intel, AMD, Brookings Institution, Samsung, Google, IBM, Lam Research, Materials, KLA Corporation Locations: Taiwan, Arizona
☆ AI was the talk of Davos. Here's what marketers need to know
  + stars: | 2024-02-05 | by ( Jill Kramer | ) www.businessinsider.com   time to read: +5 min
Generative AI was the hot topic at the 2024 World Economic Forum in Davos, Switzerland. In 2024, the dominant conversation across all types of attendees was the impact and future of generative AI: specifically how to responsibly, creatively, and effectively use it across the organization. Generative AI requires a fundamentally different enterprise architecture. Take intentional actions to design, deploy, and use generative AI to drive value while protecting from risks, helping you close the gap on responsible AI. Generative AI will let marketers drive continuous reinvention and become even more critical to the business.
Persons: Jill Kramer, —, Adena Friedman Organizations: Accenture, Service, Economic, Nasdaq, Accenture's Locations: Davos, Switzerland, activations, they're
☆ Google contractors who helped train the Bard AI chatbot vote to unionize
  + stars: | 2023-11-07 | by ( Caroline Haskins | ) www.businessinsider.com   time to read: +6 min
AdvertisementAdvertisementGoogle contractors with Accenture, who write Google Help articles and review AI-generated content from the Bard chatbot, voted on Monday to unionize with the Alphabet Workers Union, which represents Google employees and contractors. The vote comes after a coalition of 118 Accenture workers announced their union in June. Google is currently appealing the NLRB's September ruling that it is joint employer of Accenture contractors. Accenture contractors worked on BardGoogle rushed its release of Bard in an effort to make a product to compete with OpenAI's ChatGPT. Other Google contractors have unionizedMonday's vote marks the second time this year that contractors for Google successfully voted to unionize with the NLRB.
Persons: Cognizant, —, Bard chatbot, Monday's, Bard, Organizers, Jen Hill, Courtenay Mencini, Bard Google, OpenAI's, Hill, Laura Greene, Greene, OpenAI Organizations: Accenture, Service, Alphabet Workers Union, Google, National Labor Relations, Alphabet Workers, Bloomberg, Workers, . Workers, Meta Locations: Manila
☆ Jill Kramer, CMO of Accenture, says disability inclusion should be baked into creative briefs
  + stars: | 2023-11-06 | by ( Julia Hood | Will Wei | ) www.businessinsider.com   time to read: 1 min
Jill Kramer, chief marketing and communications officer at Accenture, spoke to Insider about the importance of advancing disability inclusion. Kramer is spearheading Accenture's partnership with Disability:IN and TD Bank in a coalition that brings together chief marketing officers and chief communications officers across verticals. "What if we didn't try to one-up each other? But rather work as a coalition to each take on different aspects of representation, inclusion, accessibility of content," Kramer tells Insider. "And by agreeing to do that work across, we would each learn and accelerate faster."
Persons: Jill Kramer, Kramer Organizations: Accenture, TD Bank Locations: verticals
☆ Accenture says US Justice Dept probing its services to government
  + stars: | 2023-10-12 | by ( Cellino | Barnes Firms Battle Former Colleagues Over Fees | Years After Split | ) www.reuters.com   time to read: +1 min
The logo of Irish services and consulting company Accenture is seen at an temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. The criminal and civil probes followed a voluntary disclosure by the unit, Accenture Federal Services, to the government, the IT service provider said in a regulatory filing. "This matter could subject us to adverse consequences," Accenture said. The unit works with the Accenture's clients in the U.S. federal government and accounted for 15% of overall fiscal 2023 revenue from North America, the company's biggest market. Reporting by Chavi Mehta in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Persons: Arnd, Chavi Mehta, Arun Koyyur Organizations: Accenture, REUTERS, U.S . Justice, Accenture Federal Services, DOJ, Thomson Locations: Davos, Switzerland, U.S, North America, Bengaluru
☆ Accenture warns of weaker fiscal 2024 as IT spending remains under pressure
  + stars: | 2023-09-28 | by ( ) www.reuters.com   time to read: +2 min
The logo of Irish services and consulting company Accenture is seen at an temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. Accenture expects first-quarter revenue in the range of $15.85 billion to $16.45 billion, while analysts polled by LSEG forecast $16.43 billion. The company also forecast fiscal 2024 adjusted earnings per share to be in the range of $11.97 to $12.32, below estimates of $12.45. The mid-point of its revenue growth forecast of 2% to 5% in local currency also fell short of estimates. Accenture's revenue rose 4% to $16 billion in the fourth quarter ended Aug. 31, compared with estimates of $16.08 billion.
Persons: Arnd, Julie Sweet, Chavi Mehta, Shinjini Organizations: Accenture, REUTERS, U.S, Infosys, Tata Consultancy Services, LSEG, Thomson Locations: Davos, Switzerland, Federal, Indian, Bengaluru
☆ Watch CNBC's full interview with Accenture CEO Julie Sweet
  + stars: | 2023-09-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Accenture CEO Julie SweetAccenture CEO Julie Sweet joins 'Squawk on the Street' to discuss the company's slowdown in Q4, how generative AI will help Accenture's business, and more.
Persons: Julie Sweet Organizations: Accenture
☆ Accenture CEO: Seeing a lot of client interest in changing the core of operations with generative AI
  + stars: | 2023-09-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAccenture CEO: Seeing a lot of client interest in changing the core of operations with generative AIJulie Sweet, Accenture CEO, joins 'Squawk on the Street' to discuss the company's slowdown in Q4, how generative AI will help Accenture's business, and more.
Persons: Julie Sweet Organizations: Accenture
☆ Analysis: Consumer goods firms' pricing woes may spread beyond France
  + stars: | 2023-09-20 | by ( Richa Naidu Helen Reid | Richa Naidu | Helen Reid | ) www.reuters.com   time to read: +4 min
Sept 20 (Reuters) - Consumer goods firms like Nestle (NESN.S), Lindt (LISN.S) and Unilever (ULVR.L) may face increased pressure across Europe to cut prices after being singled out by French retailers and politicians, industry experts say. France is a crucial country for consumer goods companies, having long outstripped Germany, Italy, Spain and others as the European Union's biggest market for groceries by supermarket revenues, according to research firm IBISWorld. That means consumer groups will face pressure to rein back prices across the European Union. Because these supermarkets are in different countries and do not compete with one another, they often combine forces to negotiate with consumer goods makers. Consumer goods makers have for more than two years grappled with sky-rocketing input, supply chain and labour costs that they have either absorbed - taking a hit to margins - or passed on to retailers.
Persons: It's, Laurent Thoumine, Thoumine, Ferrero's, Pernod Ricard's Ricard, Systeme, Germany's, Switzerland's, Italy's, Philippe Michaud, Leclerc, Bruno Le Maire, Le Maire, Richard Saldanha, Lindt, Saldanha, Richa Naidu, Helen Reid, Matt Scuffham, Catherine Evans Organizations: Consumer, Nestle, Unilever, Carrefour, PepsiCo, European, Reuters, European Union, Epic Partners, French Finance, Aviva Investors, Paris, Thomson Locations: Europe, France, Germany, Italy, Spain, Eurelec
☆ Cramer's Lightning Round: Stay away from VinFast
  + stars: | 2023-09-07 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Norfolk Southern's year-to-date stock performance. Stock Chart Icon Stock chart icon Sofi's year-to-date stock performance. :Stock Chart Icon Stock chart icon VinFast's year-to-date stock performance. Stock Chart Icon Stock chart icon PG&E's year-to-date stock performance. Stock Chart Icon Stock chart icon Accenture's year-to-date stock performance.
Persons: I'm, Julie Sweet Organizations: Norfolk, Stock, Arrowhead Pharmaceuticals, Accenture, Alnylam Pharmaceuticals
☆ Consolidation in energy is limiting upside potential, says Piper Sandler's Craig Johnson
  + stars: | 2023-09-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsolidation in energy is limiting upside potential, says Piper Sandler's Craig JohnsonCraig Johnson, Piper Sandler's chief market technician, joins 'Power Lunch' to discuss the technicals case for Accenture's AI upside, consolidation patterns in energy stocks and Fluor seeing a normal correction to the uptrend due to US onshoring efforts.
Persons: Piper Sandler's Craig Johnson Craig Johnson, Piper
☆ Physical stores are still important to consumers, analyst says
  + stars: | 2023-08-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPhysical stores are still important to consumers, analyst saysKelly Askew, Accenture's retail strategy and consulting lead in Europe, says "people do crave that socialization and that return to the high street."
Persons: Kelly Askew Locations: Europe
☆ In AI push, Telenor hires Google Cloud's Amol Phadke as CTO
  + stars: | 2023-08-22 | by ( ) www.reuters.com   time to read: +3 min
REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSummaryCompanies Telenor recruits Chief Tech Officer from Google CloudAmol Phadke to implement AI strategyTelecom sector's AI adoption is going slowly, Phadke saysAlso appoints Petter-Boerre Furberg as head of Asia unitOSLO, Aug 22 (Reuters) - Norwegian telecoms firm Telenor (TEL.OL) has recruited Google Cloud's Amol Phadke as its new Chief Technology Officer (CTO) to strengthen its AI activities, Telenor said on Tuesday. Phadke most recently headed Google Cloud's (GOOGL.O) telecom business and has previously worked for British Telecom, Alcatel-Lucent and Accenture's network services unit. He said he wanted Telenor "to use AI in all of our operations to make operations more efficient, develop new products, increase energy efficiency." Phadke said Telenor would use AI will to make business operations more efficient, for example to predict traffic demand and allocate more bandwidth to areas with more users, and to improve interactions with customers. "We do not believe that AI will directly result in job reductions," Phadke said, adding he envisaged using AI to augment and enhance, not substitute, humans in processes.
Persons: Dado Ruvic, Phadke, Petter, Boerre Furberg, Sigve Brekke, Brekke, Arentz, Rostrup, Furberg, Victoria Klesty, David Evans Organizations: Telenor, REUTERS, Google, Telecom, Technology, British Telecom, Alcatel, Lucent, Reuters, Telenor Nordics, Thomson Locations: Asia, OSLO, Norwegian, Myanmar, Bangladesh, Thailand, Malaysia, Southeast Asia
☆ How A.I. can help create jobs for humans, not just automate them
  + stars: | 2023-08-10 | by ( Rachel Curry | ) www.cnbc.com   time to read: +5 min
In this article UPWK Follow your favorite stocks CREATE FREE ACCOUNTMemorystockphoto | Istock | Getty ImagesFor organizations creating a long-term strategy around generative artificial intelligence, the technology has the capacity to create jobs for humans, not just automate them. Then there are even more nuanced roles, such as AI ethicists (whose job is, essentially, to maintain a responsible AI framework). Not only are there more types of jobs as a result of the generative AI boom, but companies are actually hiring more because of the generative AI surge. That's why experts say upskilling existing employees is essential to any organization's AI integration. AI is fast — business consulting firm Accenture's report on so-called "AI maturity" predicts that AI transformation will occur 13% faster than overall digital transformation through 2024.
Persons: Margaret Lilani, upskilling, Ger Doyle, Doyle, " Doyle, Lilani, onboarding, it's Organizations: Istock, AI, Hire, SAS, Talent Survey
☆ Accenture Chief Diversity Officer Beck Bailey Celebrates Pride Month
  + stars: | 2023-06-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAccenture Chief Diversity Officer Beck Bailey Celebrates Pride MonthAccenture's Chief Diversity Officer Beck Bailey stresses the importance of being out and visible in the workplace.
Persons: Beck Bailey Organizations: Accenture
☆ Accenture's revenue forecast disappoints as IT spending weakness persists
  + stars: | 2023-06-22 | by ( ) www.reuters.com   time to read: +1 min
June 22 (Reuters) - IT consulting firm Accenture forecast fourth-quarter revenue below Wall Street estimates on Thursday on worries that rising economic uncertainty will keep IT budgets tight and prevent businesses from signing fresh contracts. Cognizant Technology Solutions (CTSH.O) last month said it faced pressure in signing smaller contracts due to softer discretionary spending. Accenture forecast current-quarter revenue in the range of $15.75 billion to $16.35 billion. Accenture's new bookings, or deals in the pipeline, grew 2% to $17.2 billion in the third quarter. Revenue for the quarter ended May 31 was $16.56 billion, in line with estimates.
Persons: Jerome, Julie Sweet, Chavi Mehta, Pooja Desai Organizations: Accenture, Wall, U.S, Federal, Technology Solutions, Tata Consultancy Services, Revenue, Thomson Locations: United States, Bengaluru
☆ Accenture looks to power AI efforts with $3 billion investment
  + stars: | 2023-06-13 | by ( ) www.reuters.com   time to read: +1 min
June 13 (Reuters) - Accenture said on Tuesday it will invest $3 billion over three years into its data and AI practice, doubling the number of employees that are working with the cutting-edge technology at the IT consulting firm. The company, which consults and services various clients on generative AI projects, said it will have 80,000 people working on AI as it hires, buys other companies and trains more employees. Accenture did not say by when it would hit that number, but added that the investment was aimed to help companies across 19 industries. The firm's move underscores a rush among companies to burnish their offerings with generative AI - technology that the likes of Microsoft (MSFT.O) and Alphabet (GOOGL.O) say will change the way many jobs are done. On Monday, Salesforce (CRM.N) doubled its venture capital fund for generative AI startups to $500 million and unveiled an AI Cloud service that hopes to attract enterprises by offering its AI-powered products under one umbrella.
Persons: Tiyashi Datta, Nivedita Organizations: Accenture, Microsoft, Enterprise, Thomson Locations: Bengaluru
☆ From tea to ketchup, some shelves lie empty as retailers struggle to predict demand
  + stars: | 2023-05-03 | by ( Richa Naidu Helen Reid | Richa Naidu | Helen Reid | ) www.reuters.com   time to read: +5 min
"Because of higher prices, people are buying smaller amounts of groceries overall and may have become more careful not to waste food." "Despite all of that, (there are) 8% to 12% missing items on shelves," he said. "This has created a major, major issue around out-of-stock" in most of the 16 Middle Eastern countries where the company operates, he said. Laurent Thoumine, Accenture's Europe lead for retail, said supermarkets in Britain, France, Germany, Italy and Spain have had the worst stock issues. Products that are scarce in some stores include ketchup, pasta, chocolate, tea, potato chips, toothpaste and pet food, according to Nielsen IQ's Data Impact.
☆ From making parts with A.I. to digitally cloning cars: What factories will look like in the future
  + stars: | 2023-04-19 | by ( Ryan Browne | ) www.cnbc.com   time to read: +6 min
RittalConversational artificial intelligence that can be used to communicate with equipment and generate machine parts. These are just a few of the technologies that will power the factories of the future, according to technologists and industry experts who spoke with CNBC. Floyd said that Google is already working to achieve this with natural language processing capabilities in its AI tools. "In the future, there is potential to generate content from and for many types of manufacturing equipment, ranging from specific repair instructions to software code that is tailored to a specific asset." Many manufacturers see potential in the "industrial metaverse," a version of the metaverse tailored to the manufacturing, construction and engineering industries.
☆ Deutsche Bank likes this consulting stock with a 'best of breed model' able to weather macro uncertainty
  + stars: | 2023-03-24 | by ( Samantha Subin | ) www.cnbc.com   time to read: +1 min
Investors should consider putting their money in consulting stock Accenture, which has a "best of breed model" able to fight through the market volatility, according to Deutsche Bank. Analyst Bryan Keane lifted his 2023 earnings estimates on Accenture by 8 cents a share after the company's latest quarterly results showed strong revenue growth, an adjusted earnings per share beat and bookings momentum. At the same time, Accenture said it plans to slash 19,000 roles over the 18 months as it grapples with slowing spending for IT services and trimmed its revenue outlook. ACN YTD mountain Accenture shares in 2023 Deutsche Bank's $292 price target implies about 7% upside for shares from Thursday's close. The stock's up 1.8% in 2023, following a nearly 36% slump in 2022.
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