Accenture Invests In Snorkel AI
(RTTNews) - Accenture (ACN) said it has made a strategic investment, through Accenture Ventures, in Snorkel AI. Launched out of the Stanford AI Lab, Snorkel AI's platform is used in production by Fortune 500 companies, including BNY and Experian, as well by the U.S. government.
Snorkel's flagship platform uses automation and repeatable workflows to transform disparate data and domain knowledge into data used for training and evaluating AI models. Accenture and Snorkel AI will collaborate to build industry-specific solutions that enable enterprises to use training data to build AI solutions at scale, with an initial focus on the financial services industry.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.