Accenture (ACN) reported solid fiscal fourth-quarter earnings, showcasing robust growth in generative AI (GenAI) bookings and revenues. However, the stock faced pressure in early trading, with analysts offering mixed perspectives on the company’s future prospects.
International Data Corporation (IDC) forecasts a resurgence in global smartphone shipments, with Apple poised to benefit from the rising popularity of GenAI devices and its strategic moves in China. Analysts predict further upside for Apple stock, with an average price target of $240.54.
Despite the excitement surrounding generative artificial intelligence (GenAI), its adoption by IT outsourcing firms is lagging. High error rates, significant deployment costs, and the technology’s relative newness are key factors hindering widespread implementation. While GenAI holds potential to revolutionize customer experience, companies are taking a cautious approach, prioritizing accuracy and integration with existing workflows.
Yatra Online Limited, India’s leading corporate travel services provider, has launched its Expense Management Solution to empower businesses in managing expenses seamlessly. This scalable solution revolutionizes expense handling by integrating travel bookings and expense tracking, offering accuracy and efficiency like never before. It harnesses cutting-edge technologies like GenAI Large Language Models for precise receipt analysis and advanced analytics for informed decision-making.
Consulting firms are increasingly investing in artificial intelligence (AI) to enhance efficiency and productivity, leading to a shift in the traditional model of workforce expansion. Some employees, particularly in junior roles, may be impacted as AI assumes routine tasks. However, firms also emphasize upskilling and reskilling initiatives to equip their teams to work alongside emerging technologies. AI is seen as a game-changer for tax functions, where generative AI (GenAI) can expedite analysis and help prepare responses to tax notices. Consulting firms are also exploring AI-based systems for cognitive processes, problem-solving, and decision-making.
Flipkart Leap Ahead (FLA) is a program that provides equity investments of USD 200,000 to USD 500,000 to early-stage startups leveraging GenAI in their core solutions. Applications for the third cohort are open from April 22 to May 26, and selected startups will receive two-month mentorship from industry veterans.
