SAP Announced Strategic Investments in Three Generative AI Companies

Author photo: Colin Masson
ByColin Masson
Category:
Company and Product News

SAP SE announced the next step in its commitment to deliver Business AI that’s relevant, reliable and responsible, making strategic direct investments in three leading generative AI companies: Aleph Alpha GmbH, Anthropic PBC and Cohere. They Generative AI Companiescomplement a US$1+ billion commitment to invest in AI-powered enterprise technology startups from Sapphire Ventures LLC announced last week.

SAP’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 this investment announcement, SAP deepens its commitment to generative AI built responsibly and designed to help businesses run better.

SAP's investments in AI will expand how SAP Business AI is built into their mission critical processes running on SAP software.

Engage with ARC Advisory Group

Representative End User Clients
Representative Automation Clients
Representative Software Clients