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SAP Is Joining The AI Party As A 'Foundational Player' Alongside Leaders Nvidia And Microsoft, Says Wedbush's Dan Ives

Benzinga LogoBenzinga6d ago

SAP Is Joining The AI Party As A 'Foundational Player' Alongside Leaders Nvidia And Microsoft, Says Wedbush's Dan Ives - Benzinga

Quick Summary:

What Happened: “SAP is going to be a foundational player,” Ives told CNBC.“I think it’s going to be a huge step in the right direction on cloud checks, actually very strong for SAP.”

The German software giant’s transformation to cloud-based services continues to accelerate, with Ives noting that cloud operations now represent approximately 45% of the company’s business.

The German software giant’s transformation to cloud-based services continues to accelerate, with Ives noting that cloud operations now represent approximately 45% of the company’s business.

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SAP Is Joining The AI Party As A 'Foundational Player' Alongside Leaders Nvidia And Microsoft, Says Wedbush's Dan Ives - Benzinga (Picture 1)

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Article Details

Author / Journalist: Kaustubh Bagalkote

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 02:50:50 (6 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23187249

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 2 posts per day

Year Established: 2010

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News Last Updated: 8 hours ago

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Publisher ID: #53

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