FRANKFURT – On Tuesday, SAP (NYSE: SAP) said that the prospect of cheaper and more energy-efficient artificial intelligence models, presaged by China’s DeepSeek model, bodes well for growing demand for SAP’s AI services.
“Yesterday … (DeepSeek) showed that AI infrastructure will scale, it will become a commodity. Without this infrastructure you cannot run the gen (general) AI models,” CEO Christian Klein told journalists in a call.
“More and more players are entering the market and there will be not only one large language model. Yesterday was a good day for SAP,” he added.
Many technology stocks have fallen after the popularity of the Chinese discount AI model DeepSeek wobbled investors’ faith in the profitability of AI and related investments.
Jennifer Tacker is a staff writer at ABBO News. She holds a B.A. from the University of Waterloo and a B.Ed from Western University. Jennifer has been active in the stock market and crypto sector for a decade. She specializes in technical analysis and trading strategies. Read Full Bio
