SAP SE has taken a significant stride towards delivering relevant, reliable, and responsible Business AI by making strategic investments in three prominent generative AI companies. The investments in Aleph Alpha GmbH, Anthropic PBC, and Cohere align with SAP's open ecosystem approach to AI, aiming to integrate the best technologies into the SAP portfolio. These investments complement SAP's recent commitment of over $1 billion to invest in AI-powered enterprise technology startups through Sapphire Ventures LLC.
Sebastian Steinhaeuser, Chief Strategy Officer at SAP, emphasized the transformative potential of generative AI, stating that it is poised to revolutionize business operations. SAP aims to create an enterprise AI ecosystem that complements its suite of business applications and helps customers unleash their full potential.
SAP's approach to AI is built for business, with the SAP Business AI portfolio embedded within its product portfolio. More than 26,000 customers of SAP's cloud solutions already benefit from SAP Business AI across multiple scenarios. SAP ensures the relevance of its AI by making it available on day one and integrated into customers' critical business processes. The reliability of SAP's AI solutions stems from its extensive business data and content, accumulated over decades. Moreover, SAP prioritizes responsibility, ensuring the highest levels of security, privacy, compliance, and ethics.
In line with its AI strategy, SAP continues to invest in research and development for additional AI use cases and forms partnerships with major players such as Microsoft, Google Cloud, and IBM. The investments announced now reinforce SAP's commitment to generative AI, promoting responsible and impactful innovation. SAP also integrates startups into its partner ecosystem through the SAP.iO Foundries program, accelerating AI innovation. Sapphire Ventures, backed by SAP, has committed over $1 billion to fund AI-powered enterprise technology startups.
The three generative AI companies receiving investments have unique potential to transform industries. Aleph Alpha GmbH, based in Germany, offers a sovereign, full-stack generative AI solution focused on complex enterprise use cases. Anthropic PBC, based in San Francisco, specializes in AI safety and research, developing helpful and safe AI systems. Cohere, headquartered in San Francisco and Toronto, provides enterprise AI solutions tailored for business needs, with a focus on ease of use, accessibility, security, and data privacy.
Through these investments, SAP aims to accelerate the realization of its Business AI vision and foster collaboration within the AI ecosystem. By leveraging the expertise and technologies of these generative AI leaders, SAP continues to drive innovation and empower businesses to thrive in the era of AI.
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