SAP to invest over 20 billion euros in 'sovereign cloud' in boost to Europe's AI ambitions
A person holds a smartphone displaying the logo of SAP, a German multinational software corporation known for its enterprise resource planning solutions. German software giant SAP on Tuesday announced it will invest over 20 billion euros ($23.3 billion) into its sovereign cloud capabilities in Europe over the next 10 years. The company said it was expanding its sovereign cloud offerings to include an infrastructure-as-a-service (IaaS) platform enabling companies to access various computing ser