Accenture snaps up UK’s AI startup Faculty for $1B
Accenture announced that it has agreed to acquire Faculty, a London-based AI company known for building real-world AI systems, reportedly for $1B.
The deal still needs regulatory approval, and financial details were not shared.
The acquisition is part of Accenture’s push to help large organisations utilise artificial intelligence more safely and practically across their core operations.
Once the deal closes, the Faculty’s team of more than 400 AI specialists will join Accenture. This includes experienced data scientists and AI engineers.
Faculty’s CEO, Marc Warner, will also take on a new role as Accenture’s Chief Technology Officer and join its Global Management Committee.
Before founding Faculty, Warner worked as a quantum physics researcher at Harvard and has advised the UK government on AI policy.
“With Faculty, we will further accelerate our strategy to bring trusted, advanced AI to the heart of our clients’ businesses,” said Julie Sweet, chair and CEO, Accenture. “I’m pleased to welcome the Faculty team to Accenture and look forward to Marc’s contribution shaping our technology vision and strategy as Chief Technology Officer.”