- German software giant SAP reported a bottom line undermined by heavy restructuring costs, but lifted forecasts for the year ahead.
Europe should avoid regulating artificial intelligence and focus its attention on the results of the technology instead, the CEO of German enterprise tech giant SAP told CNBC Tuesday.
Christian Klein, who has held the top job at SAP since April 2020, said Europe risks falling behind the U.S. and China if it overregulates the AI sector.
While it's important to mitigate the risks associated with AI, Klein argued that regulating the tech while it's still in its infancy would be misguided.
"Especially for the startup scene here in Europe, it's very important to think about the outcome of the technology but not to regulate the AI technology itself."
Persons:
Christian Klein, Klein
Organizations:
SAP, CNBC
Locations:
Walldorf, Germany, Europe, China, Asia, U.S