SAP, the German enterprise software giant, has made undisclosed investments in three major generative AI companies: Anthropic, Cohere, and Aleph Alpha. SAP is the third-largest global software company by revenue, after Microsoft and Oracle, and the largest outside the U.S. All three AI companies provide text-generating technology, which can benefit SAP's sales, service, and commerce products. - The startups were chosen based on their industry leadership, innovation, and vision for advancing AI:
- Google-backed Anthropic developed Claude and Claude 2, its "constitutional" text-generating AI model that can summarize, write, code, and more.
- Cohere, backed by Salesforce and Nvidia, has developed multilingual language models and has an AI platform for enterprise customers to deploy chatbots and more.
- Aleph Alpha, already an SAP Partner, has released the Luminous series of large language models, some of which are multimodal.
- SAP says over 26,000 global customers already use its SAP Business AI offerings, which include AI models pre-trained on business data.
Sapphire Ventures, the enterprise venture capital firm backed by SAP, also committed over $1B to invest in AI-powered enterprise technology startups. - SAP customers can gain early access to startup innovations through their partnership with Sapphire.
|
