Accenture’s (ACN) stock gained more than 1% in after-market trading on Wednesday following the announcement of a global artificial intelligence (AI) joint venture with Australian telecommunications giant Telstra.

Telstra and Accenture have proposed a joint venture (JV) to accelerate the former’s data and AI roadmap to further extend its network leadership, improve customer experience, and help its teams operate more efficiently and effectively.

Telstra and Accenture (NYSE: ACN) today announced a proposed joint venture (JV) to rapidly accelerate Telstra’s data and AI roadmap to further extend its network leadership, improve customer experience,

Australian telco is forming an AI venture with global consultancyBoth companies will contribute staff and funding to the venture, which will be majority-owned

Telstra and Accenture have proposed a joint venture (JV) that will see the telecommunications provider ramp up its data and artificial intelligence (AI) roadmap. The JV will comprise a global leadership team that includes specialists from Telstra and Accenture’s data and AI teams,