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Accenture shares fall to lowest since 2017 as AI threat mounts

It is either going to Palantir or the Saaspocalypse - a bs. industry is finally facing its reckoning.

8 hours agomgh2

I don't know what you're talking about.

Everybody I know, who is working for Accenture, has a lot of expertise and had outstanding degrees (not only on paper) for a reason.

If we had enough resources I would prefer working with them everyday over the surrogate counseling by an AI.

My bet: as soon as AI companies aren't able to subsidize anymore, we will see a renaissance of IT consulting.

8 hours agoGuestFAUniverse

> as soon as AI companies aren't able to subsidize anymore, we will see a renaissance of IT consulting

I think the price that LLMs have to get to for companies to return to paying consulting rates is much higher than you think. Claude Code at $2000/month is roughly one day of a top consultant's rate. (And this omits the possibility of companies make it a capex by hosting open source models)

8 hours agobdcravens

Appearance is part of the game.

Read "Bonuses" at the end of the article: https://medium.com/p/7a577eba4f3e

8 hours agomgh2

It's not "appearances". I know all the guys I meant since university.

All of them were top notch PhDs. Physics. CS. Some were excellent teachers even before graduation. Others were at the leading edge of ML even two decades ago.

In short: it's not a superficial impression as a customer. I know their pros and cons from studying to social life during and after graduation, early career, ...

So, my POV is personal experience. Your POV is gossip?

7 hours agoGuestFAUniverse

I had never heard anybody associating expertise with Accenture...

8 hours agoroot-parent

my prediction, companies like accenture will go out of business in 24-48 months

3 hours agobdangubic

That was in the past. Now they would just prompt LLMs on your behalf for a fat fee. You might as well do it yourself and spend that fee on extra tokens.