Accenture and Telstra Sign AI Joint Venture Deal
Australian Financial Review
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Details
- Date Published
- 25 Feb 2025
- Priority Score
- 2
- Australian
- Yes
- Created
- 10 Mar 2025, 10:27 pm
Description
Accenture and Telstra have formally signed a $700 million joint venture deal to create a new company to roll out artificial intelligence across the telco.
Summary
Accenture and Telstra have embarked on a joint venture, valued at $700 million, to integrate artificial intelligence capabilities across Telstra's operations. This significant business collaboration aims to enhance Telstra's technological infrastructure and service offerings using AI, potentially setting a precedent in the telecom industry for advanced AI adoption. While the venture indicates a strategic commitment to AI, it does not specifically address catastrophic or existential AI risks, focusing instead on operational and service improvements. The deal reflects global trends in AI integration within major industries and holds relevance for Australia's tech landscape.
Body
CompaniesProfessional ServicesThe PipelinePrint articleEdmund TadrosProfessional services editorFeb 25, 2025 – 5.27pmSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginAccenture and Telstra have formally signed a $700 million joint venture deal to create a new company to roll out artificial intelligence across the telco.The new joint venture, which begins operating from April, will be staffed by a mix of Telstra and Accenture AI experts, according to a statement put out by the firms on Monday.Loading...Edmund Tadrosleads our coverage of the professional services sector. He is based in our Sydney newsroom.Connect withEdmundonTwitter.EmailEdmundatedmundtadros@afr.com.auSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreThe PipelineAITelstra CorporationConsultingFetching latest articlesOlympic weightlifting is hard. This boss uses the 1pc rule to get it doneLucy DeanOut-of-control watch price rises give housing a run for its moneyKnow your craft: How the biggest airlines rate at the pointy endJun Bei Liu: How I learnt to speak upSally Patten and Lap PhanThe four actor ‘tricks’ giving executives more confidence‘We’ll fight’: Alex Waislitz on family battles and bad betsThe best shows from fashion monthLauren Sams and Jessica BeresfordAston Martin’s handsome new SUV is the best of both worldsHow doing it like the 1pc rekindled my love of skiingBillionaire Nicola Forrest appoints UBank boss to run family officePrimrose RiordanVictor Smorgon’s star fundie eyes 50pc returns for new fundForrest family powerbroker had alleged role in big Fortescue decisions