SAP invests $1B in 3 AI companies
The move aims to support the Big Tech firm's software portfolio
On July 18, SAP announced a $1+ billion investment in three AI companies.
Aleph Alpha GmbH: A Germany-based company that offers a sovereign, full-stack generative AI solution focused on complex enterprise use cases. Aleph Alpha was the first to offer multimodal, large language models with state-of-the-art results across several European languages.
Anthropic PBC: A San Francisco-based AI safety and research company developing AI systems that prioritize helpfulness, honesty, and harmlessness. Their AI assistant, Claude, operates based on Anthropic-designed principles centered on reliability and safety, assisting users with various tasks within the context of natural conversations.
Cohere: An enterprise AI company headquartered in San Francisco and Toronto, with a research center in London. Its technology is tailored for business needs, offering an intuitive way to generate, search, and summarize information. Cohere's platform is cloud-agnostic and accessible through APIs as a managed service, providing companies with choices in cloud providers.
The investment aims to support SAP's AI ecosystem, integrating such technologies across the company’s software portfolio.
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