Accenture Commits $1 Billion Annually to GenAI Training
2024-01-17
At the World Economic Forum in Davos, Julie Sweet, CEO of Accenture, announced that the company allocates $1 billion annually for employee training in artificial intelligence skills. According to Sweet, while this technology is still in its infancy, it is progressing rapidly. GenAI is not a fad; on the contrary, its development speed is ten times that of early significant advancements.
Sweet stated that collaboration with the government is necessary to improve foundational education. She also emphasized the importance of leadership in determining whether businesses or governments successfully utilize GenAI, stating, "It may not be helpful now, but we need to consider the situation 10 to 20 years from now."
Similarly, sitting alongside Sweet, Arvind Krishna, Chairman and CEO of IBM, claimed that second-generation artificial intelligence is a rapidly evolving technology, progressing faster than early major technologies.
To apply artificial intelligence, Krishna emphasized the importance of retraining talent as it creates new job opportunities and addresses many problems. To ensure the success of artificial intelligence, he also highlighted the necessity of collaboration between businesses and governments in terms of skills.
Furthermore, he suggested controlling use cases rather than the technology itself. Additionally, he predicted that the current form of artificial intelligence will generate $40 trillion in productivity annually before the end of this century.
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