Latest news with #techpartnership
Yahoo
22-05-2025
- Business
- Yahoo
Accenture (NYSE:ACN) Expands Partnership With OP Financial To Transform Insurance Services
Accenture recently expanded its partnership with OP Financial Group, enhancing Pohjola Insurance's digital capabilities, further aligning with ongoing tech advancement trends. This collaboration, coupled with Accenture's other initiatives like the AI solution partnership with Dell and NVIDIA, reflects the company's commitment to tech innovation. Over the past month, Accenture's stock rose 14%, experiencing a brighter trajectory compared to a 1% decline in broader markets, as major tech stocks moved higher. This suggests Accenture's strategic moves may have bolstered its price performance, aligning with overall positive tech sector trends. Buy, Hold or Sell Accenture? View our complete analysis and fair value estimate and you decide. Outshine the giants: these 28 early-stage AI stocks could fund your retirement. The recent expansion of Accenture's partnership with OP Financial Group aligns with the company's core focus on digital innovation, potentially boosting its growth narrative. This collaboration could strengthen Accenture's position within tech advancements, thereby supporting future revenue growth and enhancing earnings forecasts. These strategic moves align with the company's aims to drive transformation through investments in AI and Industry X, which are expected to facilitate long-term performance improvements despite potential challenges like margin pressures and geopolitical uncertainties. Over a five-year period, Accenture's total shareholder return reached 71.17%, indicating robust performance, especially when viewed against the broader US market's annual growth. However, in the past year, the company's stock underperformed the US market, with the market returning 9.1%, whereas Accenture's return was lower. Yet, Accenture outshined the US IT industry over the same period, with its earnings growth surpassing the industry's average of 3.3%. With a current share price of US$303.80 and an analyst price target of US$354.83, Accenture is trading at roughly a 14.4% discount to the price target. This discount may reflect confidence in the company's potential to increase its earnings to US$9.9 billion in the coming years through ongoing strategic initiatives and robust shareholder return programs, despite forecast challenges. Unlock comprehensive insights into our analysis of Accenture stock in this financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:ACN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
The Verge
22-05-2025
- Business
- The Verge
Details leak about Jony Ive's new ‘screen-free' OpenAI device
The mysterious device that OpenAI is cooking up with former Apple designer Jony Ive will be pocket-size, contextually aware, screen-free, and isn't eyewear. Ive and OpenAI CEO Sam Altman revealed details about the project in an internal staff call reviewed by The Wall Street Journal, after announcing the $6.5 billion acquisition of Ive's AI hardware startup, io. Altman suggested that the acquisition could increase OpenAI's value by $1 trillion, and envisioned a 'family of devices' being born from the partnership. Information about the first device, which Altman is aiming to release by late 2026, has been kept tightly under wraps since its development was confirmed last year over concerns that competitors will set about trying to copy the product before it's launched to the public. Altman dropped some hints during the call that shape our expectations, however, including that it will be unobtrusive, fully aware of a user's life and surroundings, and will serve as a 'third core device' a person would put on a desk after a MacBook Pro and an iPhone. OpenAI is already predicting that the device will be popular, with Altman saying that it will ship 'faster than any company has ever shipped 100 million of something new before.' The leaked call also gave some insight into what the device likely won't be — Altman said that it isn't a pair of glasses, and that Ive wasn't keen to make something you'd need to wear on the body, having recently slammed the Humane AI Pin. Altman has also denied rumors that OpenAI is developing a phone. The Journal previously reported that Ive and Altman wanted to wean users away from screens, with Ive saying in a recent interview that his next product is driven by owning the 'unintended consequences' associated with the iPhone. Altman told OpenAI employees on the call that they have 'the chance to do the biggest thing we've ever done as a company here.' The Journal reports that Ive referred to the project as 'a new design movement,' and harkened back to his Apple career that saw him work closely with Steve Jobs before his passing in 2011. Now teamed up with Altman, Ive said, 'the way that we clicked, and the way that we've been able to work together, has been profound for me.'
Tahawul Tech
14-05-2025
- Business
- Tahawul Tech
AMD and HUMAIN form strategic $10b collaboration to advance global AI
Multi-year collaboration will deploy up to 500 megawatts of AI infrastructure, powered by the full spectrum of AMD compute and enabled by AMD ROCm Open Software Ecosystem. SANTA CLARA, Calif., and RIYADH — AMD (NASDAQ: AMD) and HUMAIN, Saudi Arabia's new AI enterprise, today announced a landmark agreement to build the world's most open, scalable, resilient, and cost-efficient AI infrastructure, that will power the future of global intelligence through a network of AMD-based AI computing centers stretching from the Kingdom of Saudi Arabia to the United States. As part of the agreement, the parties will invest up to $10B to deploy 500 megawatts of AI compute capacity over the next five years. The AI superstructure built by AMD and HUMAIN will be open by design, accessible at scale, and optimized to power AI workloads across enterprise, start-up and sovereign markets. HUMAIN will oversee end-to-end delivery, including hyperscale data center, sustainable power systems, and global fiber interconnects, and AMD will provide the full spectrum of the AMD AI compute portfolio and the AMD ROCm™ open software ecosystem. 'At AMD, we have a bold vision to enable the future of AI everywhere – bringing open, high-performance computing to every developer, AI start-up and enterprise around the world,' said Dr. Lisa Su, Chair and CEO, AMD. 'Our investment with HUMAIN is a significant milestone in advancing global AI infrastructure. Together, we are building a globally significant AI platform that delivers performance, openness and reach at unprecedented levels.' 'This is not just another infrastructure play – it's an open invitation to the world's innovators,' said Tareq Amin, CEO of HUMAIN. 'We are democratizing AI at the compute level, ensuring that access to advanced AI is limited only by imagination, not by infrastructure.' With initial deployments already underway across key global regions, the collaboration is on track to activate multi-exaflop capacity by early 2026, supported by next-gen AI silicon, modular data center zones, and a developer-enablement focused software platform stack built around open standards and interoperability. Full-Spectrum AI at Scale The collaboration will deliver a market-defining value proposition by combining the Kingdom's energy resources, AI-ready workforce and forward-looking national AI policies with the AMD full-spectrum AI stack including: AMD Instinct™ GPUs, with industry-leading memory and inference performance. AMD EPYC™ CPUs, offering world-class compute density and energy efficiency. AMD Pensando™ DPUs, enabling scalable, secure, and programmable networking. AMD Ryzen™ AI, bringing on-device AI compute to the edge. AMD ROCm open software ecosystem with built-in support for all AI frameworks (PyTorch, SGLang, etc.)
