Accenture introduced at this time that it will 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 provide extra basic expertise coaching, the corporate made clear that it’s notably enthusiastic about providing coaching to get staff on top of things on AI. “The rise of generative AI represents one of the most transformative changes in how work gets done and is driving a growing need for enterprises to train and upskill people in cloud, data and AI as they build their digital core and reinvent their enterprises,” Kishore Durg, international lead of Accenture LearnVantage stated in an announcement.
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 might probably 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 value of $80 million. Apparently that deal fell by way of and Accenture ended up shopping for them as an alternative.
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 traditional, the deal is topic to regulatory assessment and antitrust oversight.
