SAP’s CEO asked if it will still be a software company. Its stock price already answered.
TL;DR
SAP unveiled the Autonomous Enterprise at Sapphire 2026, embedding 200+ AI agents into its core business applications and partnering with Anthropic to make Claude its primary reasoning engine, betting that owning business process logic matters more than owning the AI model as its stock falls 41 per cent.
Christian Klein opened the SAP Sapphire keynote on Monday with a question that no chief executive of Europe’s most valuable technology company should need to ask. “Will SAP be a software company in the future?” The answer, delivered by SAP’s own AI assistant Joule at the end of the presentation, was that SAP is becoming a business AI company. The question was rhetorical. The 41 per cent decline in SAP’s share price over the past six months was not.
SAP unveiled what it calls the Autonomous Enterprise, a unified platform comprising more than 50 domain-specific AI assistants orchestrating over 200 specialised...
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