SAP invests in three AI startups: Cohere, Anthropic, and Aleph Alpha

SAP, the German enterprise software giant, has made direct investments in three AI startups: Cohere, Anthropic, and Aleph Alpha. While the exact amount of the investments was not disclosed, SAP emphasizes that this move showcases its commitment to providing valuable generative AI scenarios within its portfolio of business applications. As the third largest software company globally, SAP’s ERP software is widely used by major brands such as ExxonMobil and Novartis. With 26,000 existing customers already using SAP Business AI, the integration of generative AI has the potential to revolutionize businesses worldwide. Bank of America analyst Frederic Boulan even named SAP as one of the top 10 stocks to invest in for generative AI gains, highlighting the abundance of data held within SAP’s ERP system as a key advantage. Pilots and proof of concepts for gen AI services are already in progress, allowing interested customers to get started immediately. SAP selected Cohere, Anthropic, and Aleph Alpha due to their industry leadership, innovation, and unique visions for advancing AI. By investing in these startups, SAP aims to foster an open ecosystem of Business AI and provide customers with more choices. The investments made by SAP are a testament to the company’s commitment to leveraging the best AI technology available in the market.