Telstra and Accenture have announced a proposed global AI joint venture aimed at accelerating Telstra's data and AI initiatives. This seven-year partnership, subject to employee and union consultation, will focus on modernizing Telstra's data and AI platforms, developing intelligent AI ecosystems, and embedding responsible AI by design.

The joint venture will bring together specialists from Telstra and Accenture, leveraging Accenture's $3 billion AI investment. It will support Telstra's efforts to streamline operations, improve customer experiences, and enhance workforce efficiency. Key initiatives include the use of agentic AI to optimize business processes, specialized AI tools to enhance workforce productivity, and fostering AI fluency across Telstra's teams.

The joint venture will consolidate Telstra's vendor support, reducing its data and AI providers from 18 to two key partnerships: Quantium Telstra and the proposed Accenture joint venture. This streamlined approach aims to enhance strategic alignment, accountability, and operational efficiency.

Accenture will own 60% of the joint venture, with Telstra retaining 40% ownership and control over its data and AI strategy. The partnership reflects Telstra's commitment to leveraging AI for seamless connectivity and improved customer experiences, while Accenture's global expertise aims to propel Telstra's AI-driven transformation.