Accenture to amass Udacity to construct a studying platform targeted on AI
Accenture introduced right now that it might purchase the learning platform Udacity as a part of an effort to construct a studying platform targeted on the rising curiosity in AI. Whereas the corporate didn’t specify how a lot it paid for Udacity, it additionally introduced a $1 billion funding in constructing a expertise studying platform it’s calling LearnVantage.
Whereas it might additionally supply extra basic expertise coaching, the corporate made clear that it’s significantly focused on providing coaching to get staff in control on AI. “The rise of generative AI represents one of the transformative modifications in how work will get executed and is driving a rising want for enterprises to coach and upskill folks in cloud, information and AI as they construct their digital core and reinvent their enterprises,” Kishore Durg, world lead of Accenture LearnVantage stated in a press release.
As for Udacity, which was based in 2011, it gave the same old sorts of statements an organization makes when it will get acquired by a a lot bigger group like Accenture. That’s, it believes that it could actually attain extra folks and assist them purchase expertise as a part of the bigger entity. That goes with out saying, however there had been rumors earlier this year that the corporate was in talks with Indian edtech firm Upgrad with an asking worth of $80 million. Apparently that deal fell by and Accenture ended up shopping for them as a substitute.
Regardless, if the rumored $80 million price ticket was appropriate, that was a precipitous drop in worth for an organization that raised virtually $300 million, per PitchBook, and sported a $1 billion valuation in 2015.
Per regular, the deal is topic to regulatory overview and antitrust oversight.