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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Sap SE | TG:SAP | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.30 | 1.81% | 185.74 | 185.60 | 185.86 | 187.56 | 182.32 | 182.52 | 71,011 | 22:50:02 |
From Jun 2023 to Jun 2024
By Mauro Orru
SAP appointed Microsoft's Walter Sun as global head of artificial intelligence, a move that underscores the business-software company's efforts to secure a larger share in this fast-growing market.
The Walldorf, Germany-based software group said that Sun had joined SAP on Friday from his role as vice president of Copilot Applied Artificial Intelligence for business applications at Microsoft.
"AI has never been more important. I believe at SAP, we have a unique opportunity to fundamentally change the way in which companies operate, using AI on a much larger scale in business practices than ever before," Sun said.
Recent advancements in generative AI--shown by the popularity of OpenAI's ChatGPT, Microsoft's Bing and Google's Bard chatbots--sparked a wave of investments from tech companies as they jockey for position in a rapidly evolving market that looks set to revolutionize the future of human labor.
SAP in July announced direct investments in three generative AI companies, namely Aleph Alpha, Anthropic and Cohere.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
September 01, 2023 08:37 ET (12:37 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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