SAP CEO Christian Klein Bullish on AI, Touts Generative AI as Major Growth Driver
Portfolio Pulse from Anusuya Lahiri
SAP SE CEO, Christian Klein, has expressed optimism about the growth potential of generative AI technology, which he believes could boost SAP's $500 billion addressable market. SAP plans to deepen its collaboration with Microsoft in joint generative AI projects, particularly in personnel recruiting. Meanwhile, Oracle Corp has announced the addition of generative AI-powered capabilities within its Fusion Cloud Human Capital Management, supported by the Oracle Cloud Infrastructure generative AI service.
June 28, 2023 | 12:09 pm
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Microsoft is set to deepen its collaboration with SAP in joint generative AI projects, particularly in personnel recruiting.
The planned collaboration with SAP in AI projects could potentially boost Microsoft's presence in the AI market and its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Oracle has announced the addition of generative AI-powered capabilities within its Fusion Cloud Human Capital Management, supported by the Oracle Cloud Infrastructure generative AI service.
The addition of AI-powered capabilities to Oracle's Fusion Cloud HCM could potentially boost the company's product offerings and its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
SAP's CEO sees generative AI as a major growth driver, which could boost the company's market. SAP also plans to deepen its collaboration with Microsoft in AI projects.
The CEO's bullish stance on AI and the planned collaboration with Microsoft could potentially boost SAP's market and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100