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Message: <blockquote data-quote="hirashgeff" data-source="post: 29980296" data-attributes="member: 15895"><p><h3>One of Europe’s most valuable companies is restructuring 8,000 jobs as it joins a growing list of firms shifting their focus to artificial intelligence.</h3><h3></h3><h3>SAP (SAP), the enterprise software giant, announced Tuesday that it would spend €2 billion ($2.2 billion) this year on the transformation, including buyouts and retraining programs.</h3><h3></h3><h3>The decision was necessary “to prepare the company for highly scalable future revenue growth,” the German firm said in a statement.</h3><h3></h3><h3>As a result, a significant part of its workforce, more than 7% of its 108,000 workers, will be impacted.</h3><h3></h3><h3>“The majority of the approximately 8,000 affected positions is expected to be covered by voluntary leave programs and internal re-skilling measures,” SAP said.</h3><h3></h3><h3>Once reinvestments are made, “SAP expects to exit 2024 at a headcount similar to current levels,” it added.</h3><h3></h3><h3>“SAP is opening the next chapter: with the planned transformation program, we are intensifying the shift of investments to strategic growth areas, <span style="color: rgb(209, 72, 65)">above all Business AI,</span>” CEO Christian Klein said in a separate statement. “We are confident about the company’s prospects in 2024.” </h3><h3></h3><h3></h3><h3></h3><h3></h3><h3></h3><hr /><h3>AP is the latest company to prioritize AI as generative AI, the technology that underpins popular platforms such as ChatGPT, has taken the world by storm.</h3><h3></h3><h3>   </h3><h3>           Last summer, <a href="https://news.sap.com/2023/07/generative-ai-investments-aleph-alpha-anthropic-cohere/" target="_blank">it announced</a> investments in three generative AI companies, adding to a pledge to invest more than $1 billion to fund AI-powered enterprise tech startups.</h3><h3></h3><h3>   </h3><h3>           Last July, Wipro, one of India’s top providers of software services, said it would <a href="https://www.cnn.com/2023/07/14/tech/wipro-ai-training-investment-intl-hnk/index.html" target="_blank">spend $1 billion</a> on improving its AI capabilities over the next three years, including training its entire staff of 250,000 in how to use the technology.</h3><p>------ <span style="font-size: 10px">Post added on [DATETIME="UT"]1721906367[/DATETIME]</span></p></blockquote><p></p>

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