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.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.