Telstra invests $700M in AI, partnering with Accenture, potentially affecting up to 2,800 jobs.

Telstra, Australia's largest telecom, is investing $700 million over seven years in a joint venture with Accenture to develop AI capabilities. The partnership aims to streamline Telstra's operations by consolidating 18 data and AI providers into two, developing specialized AI tools, and enhancing employee AI skills. Despite the significant investment, Telstra's share price has dipped, and the move could lead to further job cuts, with up to 2,800 workers potentially affected.

2 months ago
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