<p>没有其他公司比 <strong>英伟达</strong> 更能从人工智能（AI）革命中受益。该公司的计算和网络产品以某种形式与几乎所有生成性 AI 应用程序相连接。</p>
<p>鉴于 AI 所带来的世代机会的影响，投资者在过去几年中热切购买英伟达股票并不令人惊讶。尽管如此，聪明的投资者知道，英伟达并不是唯一的参与者。</p>
<p>在分析肯·格里芬的对冲基金 Citadel Advisors 最近的 13F 文件时，我发现他在上个季度做了一个相当有趣的举动。也就是说，Citadel 购买了 787,000 股咨询公司 <strong>埃森哲</strong>（ACN 0.19%）的股票，增加了 291% 的持仓。</p>
<p>接下来，我将详细说明我认为这是格里芬的一个明智举动，并概述埃森哲如何从英伟达在 AI 领域的主导地位中受益。</p>
<h2>埃森哲如何与英伟达合作？</h2>
<p>去年十月，埃森哲宣布成立英伟达业务集团——一个由 30,000 名专业人员组成的团队，专门培训英伟达的 AI 技术栈。其目标是帮助企业让团队熟悉英伟达的各种 AI 平台，包括 Foundry、Enterprise 和 Omniverse。</p>
<p>在大型企业中培训员工使用英伟达的 AI 技术栈有几个显而易见的好处。首先，英伟达和埃森哲都能从这种合作中受益，因为双方都为对方提供了潜在客户。但更重要的是，在大型企业中整合 AI 驱动的服务可以在成本和生产力方面带来颠覆性的效率提升。</p>
<p>接下来，我将解释埃森哲在 AI 领域的探索可能有多么丰厚的回报。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTg2NDAvZ2V0dHlpbWFnZXMtMTA4OTIyMjg0Ni5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTg2NDAvZ2V0dHlpbWFnZXMtMTA4OTIyMjg0Ni5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>咨询真的有利可图吗？</h2>
<p>多年前，我在一家开发查询工具的企业软件初创公司工作，该工具被称为知识图谱。客户们一致表达的一个挑战是，实施提供给他们的软件工具非常耗时。</p>
<p>因此，我的公司开发了一个专业服务团队，与客户合作，帮助他们根据需要整合和扩展我们的软件。从这项工作的一个有趣的学习点是，客户通常在几个月后回来，渴望购买更多的许可证并增加他们的专业服务时间，因为他们发现了更多的使用案例。</p>
<p>这种动态在埃森哲似乎正在展开。在财政第四季度的财报电话会议上，埃森哲首席执行官朱莉·斯威特解释说，公司 “开始看到更多客户从概念验证转向更大规模的实施，这一点很重要。因此，这些订单的规模正在上升。”</p>
<p>斯威特在这里解释的是，在过去一年中，许多埃森哲的客户仍处于 AI 旅程的发现或探索阶段。现在这些企业开始认真投资于 AI 产品和服务，使用案例和应用自然会演变为更耗时、更复杂的项目。</p>
<p>基于这些原因，客户可能会在埃森哲的生态系统中保持粘性，越来越依赖公司的专业服务团队来帮助进一步整合各种 AI 策略。</p>
<h2>你应该跟随格里芬的脚步购买埃森哲股票吗？</h2>
<p>虽然我认为埃森哲不会展现出与高增长的软件即服务（SaaS）股票相同的增长，但我仍然认为该公司是一个引人注目的买入机会，目前在 AI 领域仍然是一个被低估的机会。</p>
<p>在埃森哲 2024 财年的完整年度（截至 8 月 31 日），公司在生成性 AI 项目上产生了 30 亿美元的订单。为了更好地理解这一点，埃森哲报告称该财年的总订单为 812 亿美元，强调 AI 仍然只是整体运营中的一个名义组成部分。</p>
<p>但考虑到斯威特上面的解释，我认为 AI 将在未来几年内成为埃森哲的主要推动力。对埃森哲的投资可以被视为对更广泛的 AI 叙事的长期看涨期权，而无需为最受欢迎的机会（如英伟达）支付溢价。</p>

埃森哲

<p>亿万富翁肯·格里芬的 Citadel Advisors 将其在咨询公司埃森哲的股份增加了 291%，收购了 787,000 股。这一举措与埃森哲与英伟达的合作相一致，双方成立了英伟达商业集团，以培训 30,000 名专业人士使用英伟达的人工智能平台。埃森哲正在经历从探索性人工智能项目向更大规模实施的转变，表明其服务的需求正在增长。尽管与软件即服务（SaaS）股票相比，埃森哲的增长速度并不那么高，但在人工智能领域，埃森哲仍然是一个引人注目的投资机会，尤其是在与生成式人工智能项目相关的重大订单方面</p>

<p>No other company has benefited more from the artificial intelligence (AI) revolution than <strong>Nvidia</strong>. The company's compute and networking products are connected to just about every single application in generative AI in some form or fashion.</p>
<div class="lb-trans"><p>没有其他公司比 <strong>英伟达</strong> 更能从人工智能（AI）革命中受益。该公司的计算和网络产品以某种形式与几乎所有生成性 AI 应用程序相连接。</p>
</div><p>Given its influence on the generational opportunity AI presents, it's not shocking to learn that investors have been eagerly buying Nvidia stock in droves over the last couple of years. With that said, smart investors know that Nvidia isn't the only player in town.</p>
<div class="lb-trans"><p>鉴于 AI 所带来的世代机会的影响，投资者在过去几年中热切购买英伟达股票并不令人惊讶。尽管如此，聪明的投资者知道，英伟达并不是唯一的参与者。</p>
</div><p>While analyzing the most recent 13F filing from Ken Griffin's hedge fund, Citadel Advisors, I came across a pretty interesting move he made last quarter. Namely, Citadel scooped up 787,000 shares of consulting firm <strong>Accenture</strong>(ACN 0.19%) -- increasing its position by 291%.</p>
<div class="lb-trans"><p>在分析肯·格里芬的对冲基金 Citadel Advisors 最近的 13F 文件时，我发现他在上个季度做了一个相当有趣的举动。也就是说，Citadel 购买了 787,000 股咨询公司 <strong>埃森哲</strong>（ACN 0.19%）的股票，增加了 291% 的持仓。</p>
</div><p>Below, I'm going to detail why I think this is a savvy move by Griffin and outline how Accenture is benefiting from Nvidia's dominance in the AI realm.</p>
<div class="lb-trans"><p>接下来，我将详细说明我认为这是格里芬的一个明智举动，并概述埃森哲如何从英伟达在 AI 领域的主导地位中受益。</p>
</div><h2>How is Accenture working with Nvidia?</h2>
<div class="lb-trans"><h2>埃森哲如何与英伟达合作？</h2>
</div><p>Back in October, Accenture announced the creation of the Nvidia Business Group -- a team of 30,000 professionals trained on Nvidia's AI stack. The goal is to help enterprises familiarize their teams with Nvidia's various AI platforms, including Foundry, Enterprise, and Omniverse.</p>
<div class="lb-trans"><p>去年十月，埃森哲宣布成立英伟达业务集团——一个由 30,000 名专业人员组成的团队，专门培训英伟达的 AI 技术栈。其目标是帮助企业让团队熟悉英伟达的各种 AI 平台，包括 Foundry、Enterprise 和 Omniverse。</p>
</div><p>There are a couple of obvious benefits to training employees at large corporations on Nvidia's AI stack. First, both Nvidia and Accenture benefit from this partnership as each serves as a form of lead generation for the other. But perhaps more importantly, integrating AI-powered services throughout large enterprises can yield game-changing efficiencies when it comes to costs and productivity.</p>
<div class="lb-trans"><p>在大型企业中培训员工使用英伟达的 AI 技术栈有几个显而易见的好处。首先，英伟达和埃森哲都能从这种合作中受益，因为双方都为对方提供了潜在客户。但更重要的是，在大型企业中整合 AI 驱动的服务可以在成本和生产力方面带来颠覆性的效率提升。</p>
</div><p>Below, I'm going to explain just how lucrative Accenture's foray into the AI realm could be.</p>
<div class="lb-trans"><p>接下来，我将解释埃森哲在 AI 领域的探索可能有多么丰厚的回报。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTg2NDAvZ2V0dHlpbWFnZXMtMTA4OTIyMjg0Ni5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F798640%2Fgettyimages-1089222846.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Is consulting really a lucrative opportunity?</h2>
<div class="lb-trans"><h2>咨询真的有利可图吗？</h2>
</div><p>Years ago, I worked at an enterprise software start-up that developed a querying tool called a knowledge graph. One challenge that customers consistently expressed was that implementing the software tool provided to them was time consuming.</p>
<div class="lb-trans"><p>多年前，我在一家开发查询工具的企业软件初创公司工作，该工具被称为知识图谱。客户们一致表达的一个挑战是，实施提供给他们的软件工具非常耗时。</p>
</div><p>For this reason, my company developed a professional services team that worked alongside clients, helping them integrate and scale our software as needed. One interesting learning point from this effort is that customers often came back after a couple of months, eager to purchase more licenses to our software and increase their professional services hours as they discovered more use cases.</p>
<div class="lb-trans"><p>因此，我的公司开发了一个专业服务团队，与客户合作，帮助他们根据需要整合和扩展我们的软件。从这项工作的一个有趣的学习点是，客户通常在几个月后回来，渴望购买更多的许可证并增加他们的专业服务时间，因为他们发现了更多的使用案例。</p>
</div><p>This exact dynamic appears to be unfolding at Accenture. During the fiscal fourth-quarter earnings call, Accenture CEO Julie Sweet explained that the company is &#34;starting to see more of our clients move from proofs of concept to sort of larger implementations which is important. So the size of those bookings is clicking up.&#34;</p>
<div class="lb-trans"><p>这种动态在埃森哲似乎正在展开。在财政第四季度的财报电话会议上，埃森哲首席执行官朱莉·斯威特解释说，公司 “开始看到更多客户从概念验证转向更大规模的实施，这一点很重要。因此，这些订单的规模正在上升。”</p>
</div><p>What Sweet is explaining here is that over the last year, many of Accenture's customers were still in discovery or exploratory phases of their AI journeys. Now that these businesses have started to seriously invest in AI products and services, it's only natural for use cases and applications to evolve into more time-consuming, sophisticated projects.</p>
<div class="lb-trans"><p>斯威特在这里解释的是，在过去一年中，许多埃森哲的客户仍处于 AI 旅程的发现或探索阶段。现在这些企业开始认真投资于 AI 产品和服务，使用案例和应用自然会演变为更耗时、更复杂的项目。</p>
</div><p>For those reasons, customers are likely going to remain sticky within Accenture's ecosystem, relying more on the company's professional services team to help further integrate various AI strategies.</p>
<div class="lb-trans"><p>基于这些原因，客户可能会在埃森哲的生态系统中保持粘性，越来越依赖公司的专业服务团队来帮助进一步整合各种 AI 策略。</p>
</div><h2>Should you follow Griffin's lead and buy Accenture stock?</h2>
<div class="lb-trans"><h2>你应该跟随格里芬的脚步购买埃森哲股票吗？</h2>
</div><p>While I don't think Accenture will exhibit the same kind of growth as that of a high-growth software as a service (SaaS) stock, I still think the company is a compelling buy and is currently an under-the-radar opportunity in the AI realm.</p>
<div class="lb-trans"><p>虽然我认为埃森哲不会展现出与高增长的软件即服务（SaaS）股票相同的增长，但我仍然认为该公司是一个引人注目的买入机会，目前在 AI 领域仍然是一个被低估的机会。</p>
</div><p>For Accenture's full year of fiscal 2024 (ended Aug. 31), the company generated $3 billion in bookings related to generative AI projects. To put this into perspective, Accenture reported $81.2 billion in total bookings for the fiscal year, underscoring that AI is still just a nominal component of the overall operation.</p>
<div class="lb-trans"><p>在埃森哲 2024 财年的完整年度（截至 8 月 31 日），公司在生成性 AI 项目上产生了 30 亿美元的订单。为了更好地理解这一点，埃森哲报告称该财年的总订单为 812 亿美元，强调 AI 仍然只是整体运营中的一个名义组成部分。</p>
</div><p>But given the explanation from Sweet above, I'm thinking that AI is going to be a major tailwind for Accenture for years to come. An investment in Accenture could be seen in a similar vein to a long-term call option on the broader AI narrative without paying a premium for the most in-demand opportunities, such as Nvidia.</p>
<div class="lb-trans"><p>但考虑到斯威特上面的解释，我认为 AI 将在未来几年内成为埃森哲的主要推动力。对埃森哲的投资可以被视为对更广泛的 AI 叙事的长期看涨期权，而无需为最受欢迎的机会（如英伟达）支付溢价。</p>
</div>

Billionaire Ken Griffin Increased Citadel's Position in This Nvidia Partner by 291%

- Nvidia 在人工智能革命中受益最大，影响力显著。  
- Citadel Advisors 增持 Accenture 股票 291%，显示出对其 AI 业务的看好。  
- Accenture 与 Nvidia 合作，推动企业 AI 整合，预计将带来可观收益。

亿万富翁 Ken Griffin 将 Citadel 在这家 Nvidia 合作伙伴的持仓增加了 291%