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German software firm SAP SE unveiled a 2 billion euro ($2.17 billion) restructuring plan covering 8,000 roles on Tuesday, as it seeks to better focus on growth in artificial intelligence (AI)-driven business areas. SAP expects generative AI to fundamentally change its business and has pledged to invest more than $1 billion, while opening new tab in AI-powered technology startups via its enterprise capital firm Sapphire Ventures. The company said it plans the restructuring to help better focus on key growth areas such as business AI.

SAP expects generative AI to fundamentally change its business and has pledged to invest more than $1 billion, while opening new tab in AI-powered technology startups via its enterprise capital firm Sapphire Ventures.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Get latest articles and stories on Business at LatestLY. Mumbai (Maharashtra) [India], January 24: Lavelle Networks, a leading provider of software-defined networking solutions, has once again emerged triumphant at the CIO CHOICE 2024, securing the title of the most Trusted Brand in the SD-WAN Platform category. This prestigious recognition marks Lavelle Networks' fifth win in the last six years, establishing the company's unwavering commitment to excellence in the dynamic world of information and communication technology (ICT). Business News | Lavelle Networks Clinches Cove...

As many as 70% of startups are investing in artificial intelligence (AI) to enhance product capabilities and internal efficiencies, according to a new report by technology industry apex body Nasscom in partnership with consulting firm Zinnov.