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AI & Enterprise

Companies move to ration AI tokens as costs surge from routine use

Companies are moving to control costs after employees used AI for simple tasks and quickly burned through budgets. Accenture has begun steps to prevent staff from depleting internal token allocations by overusing AI for basic work. The focus is shifting from expanding AI use to managing cost efficiency and proving returns. Executives are increasingly asking whether AI spending is delivering value, while token costs are feeding broader doubts about AI business models.

AI & Enterprise

Accenture cuts annual revenue forecast; shares plunge 18 percent on AI replacement fears

Accenture lowered its revenue forecast for the current fiscal year, the Wall Street Journal reported. Its shares fell as much as 18 percent in intraday trading, the lowest level in 10 years, amid a hit to Middle East business and concerns that AI could replace parts of consulting work. CEO Julie Sweet said the Iran conflict halted regional operations and curbed client spending. The company said some projects shifted into the next fiscal year.

AI & Enterprise

Accenture to acquire Dragos control, buy runZero and NetRise to invest in OT security

Accenture will take control of Dragos and fully acquire runZero and NetRise to strengthen its operational technology (OT) cybersecurity business, SecurityWeek reported on June 18. The total value of the transactions is about $4.1 billion. Dragos offers an OT threat detection and industrial cybersecurity platform. NetRise provides firmware analysis and software supply-chain visibility, while runZero offers asset discovery, exposure assessment and attack-surface intelligence solutions.