Accenture to buy Palantir rival, UK-based Faculty
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Accenture to buy Palantir rival, UK-based Faculty
"The move suggests the two companies, while partners today, could start taking each others' business. Faculty was founded in the UK by New Zealand-born physicist Marc Warner in 2014, ostensibly to make AI useful to the world and "safely deliver the AI revolution." The company works with customers on AI strategy, design, infrastructure, development, and operations and creates a computational twin of an organization to simulate and refine business decisions."
"The move further positions Accenture as a direct competitor with Palantir, according to Forrester Vice president and Principal Analyst Boris Evelson. He said both Accenture and rival consultancy McKinsey are hoping to capture more of the spend that is headed to Palantir in 2026. Evelson said that, while McKinsey has built a project internally, at this stage it is the consultants' relationships with their customers that wins deals."
Accenture plans to acquire UK-based AI firm Faculty and appoint Faculty's CEO as Accenture's chief technology officer. Faculty was founded in 2014 by New Zealand-born physicist Marc Warner to make AI useful and "safely deliver the AI revolution." Faculty provides AI strategy, design, infrastructure, development, and operations and builds computational twins to simulate and refine business decisions. Accenture will add all 400 Faculty employees to its payroll. Deal terms were not disclosed and remain subject to regulatory approvals. The acquisition further positions Accenture as a direct competitor to Palantir, with client-consultant relationships affecting procurement choices.
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