Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

NEWS

SAP’s India arm eyes more patents, jobs amid AI push

SAP’s India arm eyes more patents, jobs amid AI push

By Hritam Mukherjee and Navamya Ganesh Acharya

BENGALURU (Reuters) -SAP SE’s Indian arm hopes to double its share of the German software giant’s patents and add 3,000 jobs per year as it bets bigger on artificial intelligence, a top executive told Reuters on Thursday.

SAP Labs India Managing Director Sindhu Gangadharan hopes the Indian unit will scale up its share of global SAP patents to 50% from 25% currently, she said in an interview on the sidelines of an event in Bengaluru.

The company, which looks to double its AI talent base by 2024, expects “3,000 new joinees to enter the organisation every year”, Gangadharan said, in a bid to quell fears that the rise of the emerging technology could hurt job growth.

SAP Labs India, which employs over 15,000 people, aims to embed generative AI across its products to cater better to the changing needs of its clients ranging from Thermax to Dabur India.

“Through AI, India can solidify its IT supremacy,” Gangadharan had said in the event, earlier in the day.

The comments come as SAP looks to “double down” on investments in India, its fastest growing region and home to 40% of its global Research and Development (R&D) activity.

From banks to big tech, companies across the world have advanced on investments in AI following the massive success of ChatGPT, a generative AI chatbot by Microsoft-backed OpenAI.

Gangadharan, while referring to the regulation of AI, said there should be a “great amount of responsibility barriers with flexibility to the end-user”.

Her comments come after ChatGPT creator Sam Altman called for self-regulation in June as governments across the world race to regulate the use of AI tools.

(Reporting by Hritam Mukherjee and Navamya Ganesh Acharya in Bengaluru; Editing by Dhanya Skariachan and Josie Kao)

 

Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts