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Top related persons:
Christian Klein - 2 Klein - 2 Ralph Orlowski - 1 Andrey Sychev - 1 Miranda Murray - 1
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Walldorf Germany Europe China Asia U.S London
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SAP - 3 CNBC - 1 REUTERS - 1 Microsoft - 1 Thomson - 1

Search resuls for: "Walldorf"


5 mentions found


☆ SAP boss warns against regulating AI, says Europe risks falling behind U.S., China
  + stars: | 2024-10-22 | by ( Ryan Browne | ) www.cnbc.com   time to read: +1 min
- 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
☆ SAP shares surge to all-time high after results, plans to restructure 8,000 jobs in push to AI
  + stars: | 2024-01-24 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +1 min
An employee works in an office at the SAP SE campus in Walldorf, Germany. Shares of German software company SAP jumped to an all-time high in early deals Wednesday after the company released its latest financial results and announced plans to restructure 8,000 jobs in a push toward artificial intelligence growth. SAP shares were trading up 7% by 8:30 a.m. London time. "SAP will further increase its focus on key strategic growth areas, in particular Business AI. It also intends to transform its operational setup to capture organizational synergies, AI-driven efficiencies and to prepare the company for highly scalable future revenue growth," the company said.
Organizations: SAP Locations: Walldorf, Germany, London
☆ SAP CEO: huge growth potential in generative AI
  + stars: | 2023-06-28 | by ( ) www.reuters.com   time to read: +1 min
[1/2] The logo of German software group SAP is pictured at its headquarters in Walldorf, Germany, May 12, 2016. REUTERS/Ralph Orlowski/File PhotoJune 28 (Reuters) - German business software maker SAP (SAPG.DE) sees huge growth potential in generative AI technology, Chief Executive Officer Christian Klein told the business daily Handelsblatt in an interview published on Wednesday. The whole development is a huge growth driver for SAP," he said. The SAP CEO also said that generative AI will be able to take over some administrative tasks, such as business appointment management. SAP said in mid-May that it will deepen collaboration with Microsoft (MSFT.O) on joint generative AI projects in the field of personnel recruiting.
Persons: Ralph Orlowski, Christian Klein, Klein, Andrey Sychev, Miranda Murray Organizations: SAP, REUTERS, Microsoft, Thomson Locations: Walldorf, Germany
☆ Exclusive: SAP delays Russia exit as deal talks fail and workers at risk
  + stars: | 2022-10-24 | by ( Alexander Marrow Supantha Mukherjee | Alexander Marrow | Supantha Mukherjee | ) www.reuters.com   time to read: +6 min
"SAP is fully committed to winding down our business in Russia as quickly as possible," a SAP spokesperson said. Russia's parliament has been discussing draft legislation that would allow Moscow to seize Western companies' assets and possibly prosecute executives involved in implementing sanctions against Russia. While Gazprom and Sberbank were hit by Western sanctions, Nornickel was not. The SAP case sheds light on the complications Western companies face leaving Russia. While some departing companies have fired local staff, SAP gave them the option to relocate from Russia.
☆ German tech giant SAP actually benefits from strong dollar and supply chain troubles, CEO says
  + stars: | 2022-09-28 | by ( Frank Holland | In | ) www.cnbc.com   time to read: +4 min
- German software giant SAP reported a bottom line undermined by heavy restructuring costs, but lifted forecasts for the year ahead. A strengthening dollar, global inflation, and supply chain issues related to Covid lockdowns in China have been major headwinds for many tech companies. But SAP CEO Christian Klein says the European software giant is an exception. Other large tech companies, including Salesforce, Microsoft and IBM have said the strong dollar will hurt profits in the near term. But, SAP is on a path to success in ERP cloud and they control their own destiny."
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