Accenture (ACN) Backs Snorkel AI to Help Businesses Build Better AI—Starting With Finance

Accenture plc (NYSE:ACN) is one of the Top AI Stocks Taking Wall Street by Storm. On August 6, the company announced that it has made a strategic investment, through Accenture Ventures, in Snorkel AI. The investment aims to enable enterprises to build and scale AI solutions rapidly by managing high-quality datasets for training and evaluating AI models.

Snorkel’s flagship platform uses automation and repeatable workflows to transform data and domain knowledge into high-quality training and evaluating data for AI models.

Through its data-centric approach, AI systems can be deployed safely and swiftly, particularly in complex and regulated environments.

Accenture and Snorkel AI will also be collaborating to build industry-specific solutions, using best-in-class training data to build AI solutions at scale. Their initial focus is going to be on the financial services industry.

Accenture plc (NYSE:ACN)

“Our clients are looking to harness AI in ways that are fast, secure, and aligned to real business outcomes. Snorkel’s unique approach solves one of the most persistent pain points in AI development—high-quality datasets for training and evaluation of AI models. This investment can help our clients move from experimentation to impact more quickly.”

-Tom Lounibos, global lead for Accenture Ventures.

Accenture plc (NYSE:ACN) offers strategy and consulting services.

While we acknowledge the risk and potential of ACN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ACN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.