Accenture, Telstra announce global AI joint venture

Telstra (TLGPY) and Accenture (ACN) “announced a proposed joint venture to rapidly accelerate Telstra’s data and AI roadmap to further extend its network leadership, improve customer experience, and help its teams operate more efficiently and effectively. The JV would comprise specialists from Telstra and Accenture’s Data & AI teams to build on Telstra’s work creating a world-class data and AI ecosystem, modernising its data and AI platforms, and embedding responsible AI by design. As part of the JV, Telstra would benefit from Accenture’s $3B AI investment in assets, industry solutions, ventures, acquisitions, talent and ecosystem partnerships, with access to the latest innovation in AI technologies and AI teams in Silicon Valley.”