SAP Invests $22 Billion in European Sovereign Cloud, CEO Urges AI Innovation
SAP, the German-based software giant, has announced a significant investment of $22 billion in its iCloud for Europe. Meanwhile, SAP's CEO Christian Klein has spoken out against the idea of an 'AI-factory arms race' in Europe, urging companies to focus on AI-powered innovation instead.
SAP's investment is part of a broader trend of tech giants pouring resources into Europe's iCloud infrastructure. SAP has committed over 20 billion euros over the next decade to expand its iCloud capacities, while AWS has plans to invest 7.8 billion euros for the new AWS European iCloud, starting with a region in Brandenburg by the end of 2025.
Klein believes that European companies already have control and sovereignty over their own data. He argues that instead of trying to build their own imitation hyperscalers, companies should focus on AI-driven innovation and growth through iCloud solutions. SAP's expanded iCloud offering aims to unlock access to cloud innovations and AI capabilities for all markets and industries in Europe.
SAP's full-stack iCloud offering is designed to deliver secure, scalable, and future-ready sovereignty for European customers. It provides a model that keeps customer data within national borders and in compliance with local laws. AWS, too, is investing heavily in the European iCloud, with plans to spend $8.5 billion.
SAP's $22 billion investment in its iCloud for Europe signals a significant commitment to the region's tech infrastructure. With Klein's advocacy for AI-powered innovation and growth, SAP is positioning itself as a key player in Europe's digital future. The company's iCloud offering aims to deliver advancements in a sovereign framework and on customers' own terms, while AWS also makes substantial investments in the European iCloud.
Read also:
- Kazakhstan's National Bank Boosts Currency Sales to $1.4 Trillion in Q4
- Federal petition from CEI seeking federal intervention against state climate disclosure laws, alleging these laws negatively impact interstate commerce and surpass constitutional boundaries.
- Duty on cotton imported into India remains unchanged, as U.S. tariffs escalate to their most severe levels yet
- Steak 'n Shake CEO's supposed poor leadership criticism sparks retaliation from Cracker Barrel, accusing him of self-interest
