NEW YORK - SAP SE (ETR:SAPG) (NYSE: SAP) and NVIDIA (NASDAQ: NASDAQ:NVDA) have announced an expansion of their partnership to accelerate the adoption of generative artificial intelligence (AI) across SAP's cloud solutions and applications. This collaboration aims to integrate scalable, business-specific generative AI capabilities within the SAP ecosystem, leveraging NVIDIA's AI technology.
The new initiative, SAP Business AI, will incorporate generative AI capabilities into SAP's Joule copilot and across its cloud solutions portfolio, supported by the SAP generative AI hub. The hub provides access to a broad range of large language models (LLMs), which are expected to enhance business applications and customer insights.
SAP plans to utilize NVIDIA's generative AI foundry service to fine-tune LLMs for domain-specific scenarios and deploy applications with NVIDIA NIM™ microservices. The companies aim to make these integrated capabilities available by the end of 2024.
Christian Klein, CEO and Member of the Executive Board of SAP SE, emphasized the strategic nature of the partnership, stating that NVIDIA's expertise will help SAP accelerate transformation in the cloud and deliver real business value to customers.
Jensen Huang, founder and CEO of NVIDIA, highlighted the potential of SAP's enterprise data to be transformed into custom generative AI agents, which could automate business operations for SAP's global customer base.
The partnership will explore over 20 generative AI use cases, including intelligent invoice matching in SAP S/4HANA Cloud and enhanced human resources functions using SAP SuccessFactors. Additionally, SAP Datasphere will be leveraged to integrate and provide a unified view of data, which, combined with NVIDIA's AI technology, will enhance machine learning capabilities and decision-making.
SAP also plans to use NVIDIA AI foundry services to fine-tune LLMs for the ABAP programming language, aiding developers in creating domain-specific code.
Once ready for deployment, SAP intends to use NVIDIA AI Enterprise software, including NIM inference microservices and NVIDIA NeMo Retriever™ microservices, to improve the performance and security of generative AI applications.
This announcement is based on a press release statement.
InvestingPro Insights
In light of the expanded partnership between SAP SE and NVIDIA, which is set to accelerate the adoption of generative AI, NVIDIA's financials and market performance offer valuable insights for investors considering the company's growth trajectory. According to InvestingPro data, NVIDIA has experienced a staggering 125.85% revenue growth over the last twelve months as of Q4 2024, highlighting the company's strong performance and potential for further expansion in the AI space.
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