- Published on March 23, 2024
- In Deep Tech
Accenture’s Generative AI Revenue Surpasses All VC-Backed Startups Combined
Accenture recorded $1.1 billion from generative AI projects in the first-half of the fiscal
- By Siddharth Jindal
The global IT giant, Accenture has successfully bagged multiple generative AI (GenAI) projects worth $600 million in the last quarter, building upon the $450 million projects secured in the preceding quarter.
“We had over $600 million in new GenAI bookings taking us to $1.1 billion in GenAI sales in the first-half of the fiscal year, expanding our early lead in GenAI, which is core to our clients' reinvention,” said Julie Sweet, chair and CEO, Accenture, during the earnings call.
(Source: X)
Meanwhile, Cohere, one of the best-known startup competitors to OpenAI, which raised $445 million from investors, was generating about $13 million in annualised revenue at the end of last year.
In contrast, Anthropic has forecasted to exceed $850 million in annualised re
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Siddharth Jindal
Siddharth is a media graduate who loves to explore tech through journalism and putting forward ideas worth pondering about in the era of artificial intelligence.
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