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SAP to Invest 200 Billion Euros in AI, Fortify European Data Moat

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SAP SE, the highest market value company in Europe and a leading German software giant, has announced a significant investment of 200 billion euros over the next decade. This strategic move is aimed at strengthening its position in the artificial intelligence (AI) era and fortifying its regional data moat against the competitive pressures from the three major American tech giants. The investment will be directed towards Europe’s “sovereign cloud,” a move that underscores SAP’s commitment to enhancing its AI capabilities and data security within the region.

This investment will significantly expand SAP’s sovereign cloud product portfolio, including the launch of a new Infrastructure as a Service (IaaS) platform. This platform will be developed and operated using open-source technology within SAP’s data center network. The core selling point of this business is ensuring that data for clients such as European governments is stored within the European Union, complying with the EU’s General Data Protection Regulation (GDPR) restrictions on data cross-border transfers.

SAP also offers sovereign cloud deployment services, providing cloud infrastructure operated by SAP in data centers owned or designated by the client. This ensures that the data remains within the EU, adhering to stringent data protection laws.

While 200 billion euros may not seem astonishing to investors accustomed to American tech giants investing hundreds of billions in AI, it represents a substantial leap for a European tech giant. Historically, SAP’s investment in “European sovereign cloud” was 20 billion euros last September, primarily used to expand its collaboration with Microsoft’s Delos cloud service. This service, which combines Microsoft’s cloud software with SAP’s data centers, aims to legally protect cloud service data from access by U.S. authorities.

In contrast, American tech giants are also aggressively expanding their self-operated European cloud computing services. For instance, Microsoft’s president announced plans to increase the capacity of its European data centers by 40% over the next two years, resulting in over 200 data centers across 16 European countries.

SAP’s board member responsible for customer service and delivery emphasized that innovation and sovereignty must go hand in hand. The ability for European enterprises to access the latest technological advancements, such as AI, in a fully autonomous and controllable environment is crucial.

Over the past few years, geopolitical tensions have prompted countries to reassess their reliance on foreign technology, making technological sovereignty a growing concern. This has led global cloud computing giants like Amazon, Microsoft, and Google to increase their investments in Europe’s “sovereign cloud,” adding more computational infrastructure within the region.

From a broader technological perspective, the EU still lags behind the current global standards in AI technology. To address this, the European Commission launched the “AI on the Continent” initiative at the beginning of this year, allocating 200 billion euros to build “AI super factories” equipped with the most advanced computational capabilities.

SAP has reiterated its commitment to participating closely in the construction of these new data centers but has clarified that it will not be the lead partner in this initiative. Earlier this year, SAP stated that it does not intend to operate or invest in large AI factories within the EU but is exploring how to become a technology and software supplier for these large data centers.



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Evertrace acquires Whisper AI to build the leading VC sourcing tool

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Evertrace – the founder detection engine for data-driven VCs – today announced the acquisition of Whisper AI. Whisper AI brings deep expertise in company data, trade registry integrations, and a strong foothold in the DACH market – a key step in Evertrace’s wider European and global expansion.

The acquisition accelerates Evertrace’s mission to give investors the earliest and most precise signals on emerging founders and companies. By combining Whisper AI’s registry and company data with Evertrace’s detection engine, the company moves closer to executing on this mission and be the key player in the market.

“Whisper AI’s expertise in company registries and their position in the DACH region give us access to a unique set of data sources and a crucial market. Together, we can strengthen our ability to surface the founders and companies investors need to know about – earlier than anyone else,” said Jacob Graubæk Houlberg, Co-founder at Evertrace.

We founded Whisper AI to make company and registry data more accessible and actionable to VC investors. Becoming part of Evertrace allows us to scale that mission significantly – and directly contribute to building the leading sourcing engine for early stage investors,” said Nikolai Niklaus, founder of Whisper AI.

Whisper AI’s technology will be fully integrated into the Evertrace platform, giving customers richer signals, faster updates, and broader geographic coverage.

About Evertrace

Evertrace is the founder detection engine for data-driven venture capital investors. Using machine learning and unique data signals, Evertrace helps funds identify founders earlier than anybody else

About Whisper AI

Whisper AI specializes in advanced company data and registry integrations, with a particular focus on the DACH market. Its technology enables the early detection of new companies and founders for European early stage investors by turning complex data pipelines into actionable insights



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South Korean companies bridge AI adoption gap with operational overhaul – 조선일보



South Korean companies bridge AI adoption gap with operational overhaul  조선일보



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AI will be the most transformative force in human history

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‘My advice to young people is to study STEM and experiment with AI because you will always be better off understanding how new technologies work and how they can be used,’ Demis Hassabis, CEO of DeepMind Technologies, tells Kathimerini’s Executive Editor Alexis Papachelas. [Nikos Kokkalias]

From the age of 4, he had already demonstrated remarkable talent in chess. By 17, he had created his first video game. In 2024, at 48, Demis Hassabis was awarded the Nobel Prize in Chemistry, alongside his colleague John M. Jumper, for their groundbreaking AI research in protein structure prediction.

Born in London to a Greek-Cypriot father and a mother of Singaporean heritage, Hassabis is now regarded as one of the leading pioneers in artificial intelligence. He is the chief executive officer and co-founder of DeepMind, acquired by Google in 2014.

Last week, Hassabis visited Athens to meet with Prime Minister Kyriakos Mitsotakis and discuss AI, ethics and democracy within the framework of the Athens Innovation 2025 conference. On the occasion of his discussion at the Odeon of Herodes Atticus on Friday, he spoke to Kathimerini about the hopes and concerns surrounding “intelligent” technologies. For the first time, he also revealed how the trauma of displacement from Famagusta in 1974 has shaped both his family and himself.

You have an amazing personal story. Based on your experience, what advice would you give to a young person growing up today?

The only certainty is that there will be incredible change over the next 10 years. My advice to young people is to study STEM [science, technology, engineering and mathematics] and experiment with AI because you will always be better off understanding how new technologies work and how they can be used. But don’t neglect meta-skills, like learning how to learn, creativity, adaptability and resilience. They will all be critical for the next generation.

You often talk about the AI revolution being much bigger than the Industrial Revolution. You are one of the few people that can describe our future 10 years down the road. What will the fundamental changes be?

There will be profound change as AI advances. Universal assistants will perform mundane tasks, freeing us up for more creative pursuits. AI tools will help personalize education and curate information for us, allowing us to protect our attention and mindspace from the bombardment of the digital world. AI will also help us design new medicines and materials faster, giving us better batteries and new sources of clean energy. All of this could lead to an era of radical abundance by eliminating the scarcity of water, food, energy and other resources, allowing for maximum human flourishing. But this amazing future depends on society stewarding AI safely and responsibly. Just as with industrialization, the transition will come with challenges. The Industrial Revolution was a net good for society and propelled the world forward. I’m hopeful AI can deliver a similar leap for humanity.

Will an AI “creature” be able to hold a Socratic dialogue on abstract ideas with a real philosopher during our lifetime?

It’s plausible and perhaps even likely. Today’s AI systems are impressive, but they lack some key capabilities for a true Socratic dialogue. They don’t have a deep, conceptual understanding to explain their reasoning, and they can’t pose their own novel questions to explore ideas. Right now, we question and they answer. In the future, they will have to be able to do both in a way that doesn’t mimic us but pushes us to be creative and takes us down new avenues of thought.

There hasn’t been a commercially available AI app that has been proven really profitable… Do you share the concern that AΙ expectations have created a stock market bubble similar to the dot-com one?

In the short term, there is a lot of hype around AI – probably too much – because even though today’s systems are extremely impressive, they also have lots of flaws. Many near-term promises are being made that aren’t really scientifically grounded. But in the medium to longer term, the monumental impact AI is going to have is still underappreciated. It will be the most transformative moment in human history, so I think the investments we’re making are well-justified.

Is China really ahead of the US in terms of AI development? Do you see a new cold war emerging with competing AI platforms? Can Europe become a serious player on this frontier?

The US and the West are ahead of China on AI development currently but China’s domestic AI ecosystem is strong and catching up fast, as shown by recent model releases. Europe (including the UK) can be a serious player. It has real strengths in AI through its history of scientific discovery, incredible academic institutions and strong startup environment. There’s an important role for Europe in working with close allies like the US to shape the responsible development and governance of AI globally. But this will require it to remain innovative, dynamic and at the technical forefront.

You often paint an almost utopian picture of the future, with AI providing solutions to almost every challenge. Does your prediction run the risk of being too optimistic since AI will also create huge disruptions because of massive unemployment and energy depletion?

I’m a cautious optimist. I think artificial general intelligence (AGI) will be one of the most beneficial technologies ever invented. But there are significant risks that have to be managed and there is a high degree of uncertainty. There are technical ways to anticipate and mitigate these risks, but as a society, we should be trying to better understand and prepare for them. We need economists, social scientists, philosophers and other experts to be thinking about the implications of a post-AGI world. A technology with the potential for such profound societal impact must be handled with exceptional care and foresight.

AI is dramatically changing our business, the media business. Any thoughts on how solid news reporting and analysis can survive in the AI era? And do we run the risk of generations of “lazy minds” who will just look for ready, fully digestible answers to everything on their smartphone? Will AI-provided information be controlled by a few info-bosses?

AI can be a powerful tool for journalists, helping them handle more mundane information-gathering tasks so they can spend more time on valuable reporting. Misinformation and deepfakes are real risks but technical solutions exist, like invisible watermarking, to help people distinguish between real and fake information. Universal digital assistants will help us be more productive at work and in our personal lives, freeing up time for creativity and deep thinking. By helping to synthesize and understand information, they could enable us to learn faster. They could also enrich our lives by making better, more personalized recommendations for books, music and other ways we like to spend our time. Ensuring fair and equal access to AI requires careful management and cooperation between governments, academia, civil society, philosophers and the public.

Your father’s family had to abandon their home in Cyprus in 1974. Was this a traumatic moment and an important part of your growing up?

It was a devastating moment for my grandparents because they lost literally everything. They were working in the UK at the time but were sending all their money back to Cyprus to try to build their family home in Famagusta and then eventually go back to live there. They lost everything and I don’t think they ever really fully recovered from it. Obviously, it loomed large as a big part of my upbringing, a sort of unspoken thing always in the background.





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