SAP Advances Vision Of Business AI With Investments In Aleph Alpha, Anthropic And Cohere To Complement $1+ Billion AI Commitment From Sapphire Ventures
SAP News, Tuesday, July 18,2023
SAP announced the next step in its commitment to deliver Business AI that's relevant, reliable and responsible, making strategic direct 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.'