Accenture gains on $1 billion AI-safety partnership with Anthropic
+2.66% to $186.11 from $181.29
What moved ACN
- Anthropic and Accenture agreed to build a team of embedded evaluators, operating with employee-like access, to red-team Anthropic’s models, assess alignment and test safeguards.
- Each company plans to invest at least $1 billion over five years in the initiative, which will be led by Faculty, Accenture’s specialist AI business.
- Deutsche Bank raised its Accenture price target to $175 from $136 while keeping a Hold rating, citing a more constructive view ahead of Accenture’s October 1 fiscal-Q4 earnings report.
Sources: CNBC · TechCrunch · Investing.com