Accenture Pioneers Custom Llama LLM Models with NVIDIA AI Foundry

Rhea-AI Summary

Accenture (NYSE:ACN) has launched the Accenture AI Refinery™ framework, built on NVIDIA AI Foundry, to enable clients to create custom LLM models using the newly introduced Llama 3.1 collection. This framework aims to help enterprises build AI systems tailored to their specific business needs, potentially driving industry reinvention. The AI Refinery framework includes four key elements:

1. Domain model customization and training
2. Switchboard platform
3. Enterprise cognitive brain
4. Agentic architecture

Accenture is also using this framework to reinvent its own enterprise functions, starting with marketing and communications. The service will be available to all customers using Llama in Accenture AI Refinery, with models deployable across various cloud platforms.

Positive

• Launch of Accenture AI Refinery™ framework to create custom LLM models
• Partnership with NVIDIA for AI Foundry technology
• Potential for driving business reinvention and industry transformation
• Accenture using the framework to improve its own enterprise functions

Negative

• None.

Tech Expert

The launch of Accenture's AI Refinery framework, powered by NVIDIA AI Foundry, is a noteworthy development in the enterprise AI space. This collaboration leverages the Llama 3.1 models, enabling customized AI solutions tailored to specific business needs. This initiative reflects a broader trend where companies are keen to harness generative AI for various applications, from enhancing customer interactions to optimizing supply chains. The ability to train models on proprietary data ensures that the AI solutions are highly relevant and effective for individual organizations. For investors, this indicates Accenture's proactive approach to staying at the forefront of AI innovation, potentially leading to new revenue streams and increased market share.

Market Research Analyst

Accenture's collaboration with NVIDIA to introduce the AI Refinery framework is indicative of the growing importance of generative AI in the enterprise sector. This framework offers a competitive advantage by allowing businesses to develop custom models that align closely with their operational needs. From a market perspective, this move can boost Accenture's position as a leader in AI solutions, attracting a broad range of clients across different industries. The integration of NVIDIA's advanced technology also highlights a strategic partnership that could yield significant long-term benefits, such as improved client retention and new business opportunities. This development could positively influence Accenture's stock by showcasing its commitment to innovation and client-centric solutions.

Financial Analyst

The introduction of the AI Refinery framework by Accenture, built on NVIDIA's AI Foundry, is a financially significant move. This venture is likely to enhance revenue streams by offering sophisticated AI customization services to enterprises. The framework's capability to create domain-specific LLM models can drive client engagement and satisfaction, potentially leading to higher client retention rates and new client acquisitions. Moreover, by leveraging NVIDIA's robust technology, Accenture can streamline operations and reduce costs associated with AI development and deployment. Investors should view this as a positive signal of Accenture's strategic direction and its ability to capitalize on the burgeoning AI market.

Accenture AI Refinery to enable organizations to create custom models, powered by NVIDIA, enabling Llama models to be trained on their enterprise data and personalized to business needs

NEW YORK--(BUSINESS WIRE)-- Accenture (NYSE:ACN) today announced the launch of the Accenture AI Refinery™ framework, built on NVIDIA AI Foundry, to enable clients to build custom LLM models with the Llama 3.1 collection of openly available models, also introduced today.

Accenture today announced the launch of the Accenture AI Refinery™ framework, built on NVIDIA AI Foundry, to enable clients to build custom LLM models with the Llama 3.1 collection of openly available models, also introduced today. (Graphic: Business Wire)

While enterprises are exploring the power of gen AI, they have to distill and refine the underlying LLM models with their own data and unique processes. The Accenture AI Refinery framework, which sits within its foundation model services, marks a significant step forward in the use of generative AI for enterprises. It will enable clients to build custom LLMs with domain-specific knowledge and deploy powerful AI systems that reflect their unique business needs and help drive reinvention of their business, and their industry.

Julie Sweet, chair and CEO of Accenture, said, “The world’s leading enterprises are looking to reinvent with tech, data and AI. They see how generative AI is transforming every industry and are eager to deploy applications powered by custom models. Accenture has been working with NVIDIA technology to reinvent enterprise functions and now can help clients quickly create and deploy their own custom Llama models to power transformative AI applications for their own business priorities.”

Jensen Huang, founder and CEO of NVIDIA, said, “The introduction of Meta’s openly available Llama models marks a pivotal moment for enterprise generative AI adoption, and many are seeking expert guidance and resources to create their own custom Llama LLMs. Powered by NVIDIA AI Foundry, Accenture’s AI Refinery will help fuel business growth with end-to-end generative AI services for developing and deploying custom models.”

Accenture is also using this AI Refinery framework to reinvent its enterprise functions, initially with marketing and communications and then extending to other functions. The solution is enabling Accenture to quickly create gen AI applications that are trained for its unique business needs.

Accenture’s new AI Refinery framework has four key elements to help enterprises adapt and customize prebuilt foundation models and deploy them to reflect their unique business needs:

• Domain model customization and training: distill and refine prebuilt foundation models with customers’ own data and unique processes to drive reinvention and value powered by NVIDIA AI Foundry.
• Switchboard platform: allows a user to select a combination of models to address the business context or based on factors, such as cost or accuracy.
• Enterprise cognitive brain: scans and vectorizes all corporate data and knowledge into an enterprise-wide index to empower gen-AI machines.
• Agentic architecture: enables AI systems to act autonomously—to reason, plan and propose tasks that can be executed responsibly with minimal human oversight.

These services will be available to all customers using Llama in Accenture AI Refinery, which is built on the NVIDIA AI Foundry service comprised of foundation models, NVIDIA NeMo and other enterprise software, accelerated computing, expert support and a broad partner ecosystem. Models created with AI Refinery can be deployed across all hyper scaler clouds with a variety of commercial options.

About Accenture
Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 750,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.

Copyright © 2024 Accenture. All rights reserved. Accenture and its logo are registered trademarks of Accenture.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240723951778/en/

Hannah Unkefer

Accenture

+1 206 839 2172

hannah.m.unkefer@accenture.com

Jenn Francis

Accenture

+1 312 693 411

jennifer.francis@accenture.com

Source: Accenture

FAQ

What is Accenture's new AI Refinery framework built on?

Accenture's new AI Refinery framework is built on NVIDIA AI Foundry, enabling clients to create custom LLM models using the Llama 3.1 collection of openly available models.

How many key elements does Accenture's AI Refinery framework have?

Accenture's AI Refinery framework has four key elements: domain model customization and training, switchboard platform, enterprise cognitive brain, and agentic architecture.

What is the purpose of Accenture's AI Refinery framework for enterprises?

The purpose of Accenture's AI Refinery framework is to enable enterprises to build custom LLM models with domain-specific knowledge and deploy powerful AI systems that reflect their unique business needs and help drive reinvention of their business and industry.

How is Accenture (ACN) using its own AI Refinery framework?

Accenture (ACN) is using its AI Refinery framework to reinvent its own enterprise functions, initially focusing on marketing and communications before extending to other areas.