German software giant SAP SE announced on Wednesday that it will team up with OpenAI to deliver artificial intelligence services like ChatGPT to Germany’s public sector through a new program called “OpenAI for Germany.” According to a joint statement from both companies, the partnership will provide these AI tools through SAP’s Delos Cloud platform, which stores data locally and follows European regulatory requirements. SAP’s stock price jumped more than 2 percent following the announcement on 0 move represents the latest effort by Europe’s biggest technology company to adapt its business for the generative AI 1 spending years adjusting to risks associated with cloud computing, SAP has previously invested in smaller AI startups like Cohere, Aleph Alpha, and Anthropic, which compete with 2 partnership comes as SAP’s 45-year-old CEO Christian Klein faces the challenge of finding his company’s next growth 3 took charge six years ago when SAP’s sales were stalling.
T he company, which creates software for corporate finance, sales, and other business operations, had fallen behind in the shift to cloud 4 an early earnings call, Klein delivered disappointing projections that sent stock prices down over 20%. SAP’s cloud gamble and the high-stakes Push into AI Klein told corporate customers they had to move their data to SAP’s cloud products or lose company support 5 later admitted he needed “a glass of wine or two or three” after that difficult 6 year, SAP expects cloud sales to hit nearly €22 billion ($26 billion), almost three times the 2019 figures. However, Klein now requires a second 7 cloud transition boom will start slowing in 2027, when SAP plans to reduce support for older software 8 customers must switch their systems by then, most spending will happen in the coming 9 is betting on artificial intelligence as its future growth area, but faces tough competition from major tech companies 10 customers are already frustrated with expensive cloud 11 consulting firm Gartner stated this year that SAP may be dropping market share in newer products beyond its main business and upsetting clients with aggressive sales 12 insiders reveal concerns about whether SAP can successfully get customers to adopt its new AI offerings.
Investors, who had been optimistic about cloud growth, recently sold shares over worries that AI could disrupt the 13 stakes extend beyond SAP 14 one of Europe’s few world-class software companies in its field, SAP’s success matters for the continent’s tech 15 company has outgrown its former American competitor, Salesforce Inc., in market value, and helps ensure European businesses don’t rely entirely on other regions for 16 Bybit now and claim a $50 bonus in minutes
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