Business
SAP Advances Vision of Business AI with Investments in Aleph Alpha, Anthropic and Cohere to Complement $1+ Billion AI Commitment from Sapphire Ventures
SAP SE (NYSE: SAP) today announced the next step in its commitment to deliver Business AI that's relevant, reliable and responsible, making strategic ...
About this update from Sap Se
[{"type":"text","content":"\n \n\t\t \n \n \n \n Generative AI Investments Underscore SAP's Aim to Create an Open Enterprise AI Ecosystem for the Future\nWALLDORF, Germany, July 18, 2023 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced the next step in its commitment to deliver Business AI that's relevant, reliable and responsible, making strategic investments in three leading generative AI companies. The investments in Aleph Alpha GmbH, Anthropic PBC and Cohere reinforce SAP's open ecosystem approach to AI, leveraging the best technology to embed AI across the SAP® portfolio. They build on a series of AI partnerships and enterprise use cases announced in May. They complement a US$1+ billion commitment to invest in AI-powered enterprise technology startups from Sapphire Ventures LLC announced last week.\n\"We are at a watershed moment, with generative AI poised to fundamentally change how businesses run,\" said Sebastian Steinhaeuser, Chief Strategy Officer, SAP SE. \"SAP is committed to creating an enterprise AI ecosystem for the future that complements our world-class business applications suite and helps our customers unlock their full potential.\"\nSAP's Approach to AI — Built for BusinessSAP delivers Business AI that's relevant, reliable and responsible. The SAP Business AI portfolio is relevant because it's already embedded into the SAP product portfolio. More than 26,000 customers of cloud solutions from SAP now use SAP Business AI across multiple scenarios and partner solutions. SAP Business AI is relevant because it's available on day one and built into the mission-critical business processes customers run on SAP software. It's reliable because it's built on decades of extensive business data and relevant business content. It's responsible because it's delivered with the highest levels of concern for security, privacy, compliance and ethics. This is the AI foundation powered by SAP Business Technology Platform that enables us to innovate and deliver Business AI leveraging SAP's AI investment and an open ecosystem of AI partners.\nSAP's AI strategy includes direct investments, a significant increase in research and development for additional AI use cases and third-party partnerships, such as those with Microsoft, Google Cloud and IBM announced in May. With the investments announced today, SAP deepens its commitment to generative AI built re...