We recently compiled a list of the 9 Must-See AI News Updates That Are Trending on Wall Street.In this article, we are going to take a look at where Accenture plc (NYSE:ACN) stands against the other AI stocks.
CNBC recently spoke to companies worldwide on how DeepSeek’s new AI models will likely impact their operations and financials. Roadzen, a technology company using artificial intelligence to disrupt the auto insurance sector, was asked how things are now different with DeepSeek releasing its R1 model.
According to its chief executive Rohan Malhotra, his company helps its insurance underwriting clients speed up claim processing, cutting the time to resolve 80% of minor accident claims from six weeks to two minutes. Since the nature of processing such claims is sensitive, the company has been using sophisticated AI models that produce accurate results, such as those from OpenAI, Meta, and Anthropic. However, things may be different now that DeepSeek is in the picture.
“Our clients cannot afford a model which has 60%-70% accuracy, that’s like a major economic issue. We need to deploy models that have 95%-99% accuracy.”
Rough calculations reveal that the company may be able to incur costs 50% lower using DeepSeek than the costs incurred with OpenAI’s models.
“What we really care about is the cost of inference. We care about the accuracy of the outputs. And we care about whether this model is performing to the certain benchmarks that we’ve set, in a good way”.
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Besides cost efficiencies, other companies have lauded the decision to keep the technology open source, stating that it makes it more attractive compared to existing open-source models like Meta Platforms’ Llama. Another company excited with the advent of DeepSeek is a North Carolina-based eldercare platform CareYaya. Neal K. Shah, CEO, told CNBC that their company has started using AI to help customers fight health insurance claims denials.
“DeepSeek just lowered our costs by 90% so we can help more people,” he said in a message. “The average cost to appeal a U.S. health insurance claims denial is $43.84. We had used OpenAI and Anthropic to get the cost down to 12 cents — now we’re doing it with DeepSeek on the back end, the cost per appeal is 2 cents.”
The above findings suggest how DeepSeek may democratize artificial intelligence. However, its models are also raising concerns regarding data privacy, security, and potential for misuse. That said, while the impact DeepSeek’s models have made is undeniable, it is a wait-and-watch moment to see whether it reshapes the AI world for the better or for worse.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
Is Accenture plc (ACN) Among Kevin O’Leary’s Stock Picks for 2025?
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Number of Hedge Fund Holders: 60
Accenture plc (NYSE:ACN) offers strategy and consulting, industry X, song, and technology and operation services. The company’s artificial intelligence consulting services and industry-specific solutions are high in demand. On February 6th, it was announced that Repsol, a global energy company, will be extending its co-innovation collaboration with Accenture (NYSE:ACN) to expand its Digital Program and boost the use of generative AI (gen AI) across the company. Repsol will be driving its digitalization and AI push through the introduction and deployment of AI agent systems, improving upon the efficiency of processes as they are scaled. The agentification will be powered by components of the Accenture AI Refinery™ platform and the NVIDIA AI platform, including NVIDIA accelerated computing and NVIDIA AI Enterprise software. These agents will be helping streamline and reinvent processes so that they boost productivity and allow workers to work efficiently. Repsol will also expand employees’ training plans to facilitate their learning and training in the new technologies.
“We are honored to extend our deep partnership with Repsol, a bold leader and early mover in the energy industry in embracing new technologies and ways of working. We are excited to help Repsol achieve a new level of performance by working together to create tailored AI agents with the Accenture AI Refinery™ and the NVIDIA AI platform. Accelerating the use of agentic AI will enhance efficiency and productivity at speed, better serve customers with personalized experiences, and ultimately help Repsol gain competitive advantage.”
Overall ACN ranks 5th on our list of the AI stocks that are trending on Wall Street. While we acknowledge the potential of ACN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than ACN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
