Business · 2h ago
SAP Cuts Travel and Hiring to Fund AI Push
SAP is tightening spending on travel and hiring to redirect resources toward AI development. The enterprise software giant confirmed it is 'applying discipline' to keep pace in the AI race. The move reflects a broader trend of tech companies prioritizing AI investments over other expenses.
Meridian48 take
SAP's belt-tightening signals that even established players feel pressured to funnel cash into AI, but cost-cutting alone won't guarantee success against nimbler rivals.
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SAP snaps wallet shut for travel and hiring so it can keep shoveling cash into AI →
The Register
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