Accenture (ACN) and Mistral AI Announce a Multi-Year Strategic Collaboration

Accenture plc (NYSE:ACN) is one of the best cheap blue chip stocks to buy according to analysts. On February 26, Accenture plc (NYSE:ACN) and Mistral AI announced a multi-year strategic collaboration aimed at helping organizations in Europe and around the world scale advanced AI. The two companies will co-develop and deliver enterprise-grade AI solutions addressing real industry challenges and creating measurable impact across sectors, helping clients rapidly move to secure, large-scale AI deployments aligned with regional requirements. Management stated that the collaboration brings together Mistral AI’s scientific innovation and breadth of enterprise-grade AI products with Accenture’s (NYSE:ACN) capabilities to architect, govern, and scale AI across complex organizations.

Accenture’s (ACN) Oversold Status May Offer a Smart Entry Point for Dividend Investors

The terms of the agreement entail that Accenture plc (NYSE:ACN) would become a customer of Mistral AI, leveraging Mistral AI’s models and products, including Mistral AI Studio, and embedding Mistral AI’s technologies into Accenture’s (NYSE:ACN) operations to support client solutions. In a separate development, Citi cut the price target on Accenture plc (NYSE:ACN) to $215 from $266 on February 25, maintaining a Neutral rating on the shares.

Accenture plc (NYSE:ACN) is a global professional services company that combines technology and leadership in data, cloud, and AI with functional expertise, industry experience, and global delivery capability. The company’s services include Strategy & Consulting, Technology, Operations, Industry X, and Song, and its operations are divided into the following geographical segments: North America, EMEA, and Growth Markets.

While we acknowledge the potential of ACN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ACN and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.