Summary:
SAP, a German consulting giant, has made direct investments in three major generative AI players: Anthropic, Cohere, and Aleph Alpha. The terms of the investments were not disclosed, but they are part of SAP’s commitment to back AI-powered enterprise tech startups. This investment follows SAP’s $1 billion-plus commitment to AI startups from Sapphire.
Key Points:
Here are the key points from the article:
– SAP, a Germany-based consulting giant, has invested in three major generative AI players: Anthropic, Cohere, and Aleph Alpha.
– The terms of the direct investments were not disclosed.
– This investment is part of SAP’s commitment to back AI-powered enterprise tech startups.
– SAP has previously committed over $1 billion to AI startups from Sapphire.
Hot Take:
SAP’s investment in generative AI startups shows their recognition of the massive appetite for AI technology. By investing in these innovative companies, SAP is positioning itself at the forefront of the AI revolution. This move not only strengthens SAP’s position in the market but also demonstrates their commitment to driving innovation in the enterprise tech space.
Conclusion:
SAP’s investment in Anthropic, Cohere, and Aleph Alpha highlights the growing interest and investment in generative AI. As the demand for AI-powered solutions continues to rise, SAP is positioning itself as a key player in the industry. This move further solidifies SAP’s commitment to supporting and driving innovation in the enterprise tech startup ecosystem.
Original article: https://techcrunch.com/2023/07/19/sap-invests-in-generative-ai-startups-anthropic-cohere-and-aleph-alpha/
