Accenture (ACN) Adds Sanctuary AI to Its Investment Portfolio

Zacks03-28

Accenture plc ACN shares have had an impressive run over the past year, gaining 22%. The company announced yesterday that it has made a strategic investment in Sanctuary AI through Accenture Ventures....

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Sanctuary AI specializes in developing AI-driven humanoid robots designed for general-purpose tasks.\n\nAccenture PLC Price  \nAccenture PLC price | Accenture PLC Quote\n\nHumanoids Working Alongside Humans\nThese advanced robots are adept at executing a diverse range of tasks swiftly, safely and efficiently. They can serve as valuable support to human workers, addressing labor shortage challenges to a significant degree.\nAccording to Joe Lui, Accenture’s global advanced automation and robotics lead, there’s immense potential for these humanoid robots across sectors such as manufacturing, postal services, retail, logistics and warehousing.\nGeordie Rose, CEO and co-founder of Sanctuary AI, noted that the initiative will assist companies in transitioning towards a workforce enhanced by robots possessing human-like intelligence.\nSanctuary AI is now part of Accenture Ventures’ Project Spotlight, an initiative that combines engagement and investment to offer emerging tech software startups access to Accenture's technological and domain expertise across its G2000 client base.\nOur Take\nWe view these investments as integral to Accenture's broader growth strategy that focuses on delivering 360° value to its stakeholders, mainly through the use of technology. The company is committed to fostering long-term growth by establishing a digital core with the help of AI, cloud and data, and investment in talent. We believe this strategy positions Accenture as a trusted partner and maintains the stock's appeal to investors.\nZacks Rank and Stocks to Consider\nAccenture currently carries a Zacks Rank #4 (Sell).\nA couple of better-ranked stocks from the broader Zacks Business Services sector are AppLovin APP and Futu Holdings FUTU.\nAppLovin sports a Zacks Rank #1 (Strong Buy) at present. APP has a long-term earnings growth expectation of 20%. You can see the complete list of today’s Zacks #1 Rank stocks here.\nAPP delivered a trailing four-quarter earnings surprise of 26.5%, on average.\nFutu Holdings currently carries a Zacks Rank of 2 (Buy). It has a long-term earnings growth expectation of 19.8%.\nFUTU delivered a trailing four-quarter earnings surprise of 18.7%, on average.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAccenture PLC (ACN) : Free Stock Analysis Report\nAppLovin Corporation (APP) : Free Stock Analysis Report\nFutu Holdings Limited Sponsored ADR (FUTU) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2423466791"}