8 AI News Updates Investors Should Not Miss

7. SAP SE (NYSE:SAP)

Number of Hedge Fund Holders: 36

SAP SE (NYSE:SAP) is a technology company that provides applications, technology, and services worldwide. On February 13th, the company confirmed the launch of SAP Business Data Cloud. The data management platform is designed to help enterprises unlock data across business units and accelerate artificial intelligence adoption. In addition, the company inked a strategic collaboration with Databricks to integrate the power of Databricks directly into SAP Business Data Cloud.

The launch of Business Data Cloud comes amid growing concerns that businesses have trouble executing large-scale AI projects due to data source integration and data quality issues. Business AI can fully utilize enterprise data thanks to SAP Business Data Cloud. It creates a revolutionary solution enabling organizations to do more with their data than ever by fusing Databricks’ world-class data engineering capabilities with SAP’s distinct expertise in mission-critical, end-to-end processes and semantically rich data. Therefore, the solution seeks to make it easy for businesses to reap the benefits of their AI investments.

Muhammad Alam, a Member of the Executive Board of SAP SE (NYSE:SAP), says: “Our customers are telling us that they’re struggling to implement and realize the value of AI in their organizations. Getting reliable, high-quality datasets across the enterprise to power this AI is hard. Many have done hundreds of proof of concepts but have been unable to get them to production effectively.”