Accenture has agreed to buy artificial intelligence company Faculty in a deal valuing the UK start-up at more than $1bn, as the consulting group attempts to adapt to disruption from AI.
The New York-listed consultancy said on Tuesday it had agreed to buy London-based Faculty, whose chief executive has worked closely with the UK government and will become Accenture’s chief technology officer.
Accenture said acquiring Faculty, which has more than 400 staff, would improve its ability to help clients “reinvent core and critical business processes” by adopting AI.
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