Generative AI Investments Underscore SAP's Aim to Create an
Open Enterprise AI Ecosystem for the Future
WALLDORF, 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.
"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."
SAP's Approach to AI — Built for Business
SAP 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.
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 the investments announced
today, SAP deepens its commitment to generative AI built
responsibly and designed to help businesses run better. SAP also
accelerates AI innovation by integrating startups into SAP's
partner ecosystem through the SAP.iO Foundries program, its
in-house accelerator. Sapphire Ventures, a global software venture
capital firm, is backed by SAP and is dedicating over US$1 billion to fund AI-powered enterprise
technology startups.
Investment in generative AI innovators
Aleph Alpha, Anthropic and Cohere are generative AI market leaders
with unique potential to transform entire industries.
Aleph Alpha GmbH is a Germany-based company that has built a
sovereign, full-stack, generative AI solution focused on complex
and critical enterprise use cases. Aleph Alpha was the first
company to offer multimodal, next-generation large language models
and achieve state-of-the-art results with a model trained equally
on several European languages. The company focuses on
interoperability, data privacy and security, offering both AI as a
service as well as multi-cloud and on-premise installation. SAP
previously announced Aleph Alpha as an SAP partner participating in
the SAP PartnerEdge® program on the "Build" track.
Anthropic PBC is a San
Francisco-based AI safety and research company developing AI
systems that are helpful, honest and harmless. Anthropic's AI
assistant, Claude, uses a "constitutional" approach – it interacts
with users based on a set of Anthropic-designed principles centered
on reliability and safety. Claude helps users with a range of
tasks, including generating answers, coding, automating workflows
and processing text – from editing and rewriting to summarizing,
classifying and more – within the context of natural conversations.
Anthropic is focused on ensuring technology such as Claude benefits
society.
Cohere is a leading enterprise AI company
headquartered in San Francisco and
Toronto, with a key research
center in London. Its world-class
technology is tailored for business needs, with a focus on ease of
use, accessibility, security and data privacy. The technology
unlocks a more intuitive way to generate, search and summarize
information. Cohere's platform is cloud-agnostic to give companies
choice in cloud providers, is accessible through API as a managed
service and can be deployed on virtual private clouds or on site to
meet companies where their data resides.
Sapphire Ventures
SAP-backed Sapphire Ventures LLC is
a global software venture capital firm that partners with visionary
teams and venture funds to build companies of consequence. As a
limited partner in Sapphire Ventures, SAP customers benefit from
early access to innovations from the startup ecosystem. Last week,
Sapphire Ventures announced a commitment of over US$1 billion to invest in the next generation of
AI-powered enterprise technology startups in addition to existing
investments in AI-powered enterprise startups like Clari Inc.,
DataRobot Inc., MoveWORK International and ThoughtSpot Inc.
Visit the SAP News Center. Follow SAP on Twitter at
@SAPNews.
About SAP
SAP's strategy is to help every business run as an intelligent,
sustainable enterprise. As a market leader in enterprise
application software, we help companies of all sizes and in all
industries run at their best: SAP customers generate 87% of total
global commerce. Our machine learning, Internet of Things (IoT),
and advanced analytics technologies help turn customers' businesses
into intelligent enterprises. SAP helps give people and
organizations deep business insight and fosters collaboration that
helps them stay ahead of their competition. We simplify technology
for companies so they can consume our software the way they want –
without disruption. Our end-to-end suite of applications and
services enables business and public customers across 25 industries
globally to operate profitably, adapt continuously, and make a
difference. With a global network of customers, partners,
employees, and thought leaders, SAP helps the world run better and
improve people's lives. For more information, visit
www.sap.com.
This document contains forward-looking statements, which are
predictions, projections, or other statements about future events.
These statements are based on current expectations, forecasts, and
assumptions that are subject to risks and uncertainties that could
cause actual results and outcomes to materially differ. Additional
information regarding these risks and uncertainties may be found in
our filings with the Securities and Exchange Commission, including
but not limited to the risk factors section of SAP's 2022 Annual
Report on Form 20-F.
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