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German software giant SAP plans restructuring to boost AI development

German software giant SAP is launching a major reorganization of its artificial intelligence (AI) business, with around 8,000 employees affected by the plan, the company announced late on Tuesday. The company, based in the town of Walldorf in south-western Germany, cut 3,000 jobs around a year ago in order to streamline its organization and focus more on its core business of software for corporate management. "With the planned transformation programme, we are increasingly shifting investments to

iTWire - SAP Announces New Generative AI Assistant Joule

SAP Software has announced Joule, a natural-language, generative AI copilot that it says will transform the way business runs. Built directly into the.

SAP Puts Its Money Where Its Mouth Is, Invests In Generative AI Startups

Funding has been hard to come by in 2023, but startups in the generative artificial intelligence (AI) space seem to be exempt from this rule. Most recently, SAP — one of the world's largest consulting and software companies in the world — invested big money in three top generative AI companies: Aleph Alpha GmbH, Anthropic PBC and Cohere. Don't Miss: Until 2016 it was illegal for retail investors to invest in high-growth startups. Thanks to changes in federal law, this Kevin O'Leary-Backed Startu

Rimini Street Expands Scope of Rimini Support™ for Daekyo to Include Both Oracle and SAP Products Based on Proven Business Impact and Outcomes

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced Daekyo, South Korea’s leading education service, has expanded their Rimini Support™ services from an initial scope of Oracle products to now include their SAP products as well.

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