SAP CEO Christian Klein Restructures Company to Prioritize AI

Europe’s Software Giant Fights to Stay Relevant in the AI Era

Christian Klein takes a sweeping turn around his office building in southwestern Germany and hits the brakes of his black electric BMW. The chief executive officer of SAP SE jumps out in an ebullient mood, in spite of the circumstances.

Europe's software giant fights to stay relevant in the AI era

In recent years, artificial intelligence has rattled the enterprise software industry, raising doubts about the fundamentals of SAP's business model.

SAP's Own Board Says It Needs an AI Breakthrough Within Months

Bloomberg reports SAP's own supervisory board wants a genuine AI breakthrough within months after the stock fell roughly 47% over the past year. The company has frozen hiring and travel, reshuffled its leadership, and committed over €1 billion to a new AI lab built around its Prior Labs acquisition.

SAP CEO Christian Klein restructures company to prioritize AI

SAP CEO Christian Klein reshuffled the executive team on July 1 to accelerate the company's AI pivot, taking personal control of its Business AI