As It Increases Its Bets On Artificial Intelligence, SAP SE’s (SAPG.DE) Indian branch expects to treble its share of the German software giant’s patents and create 3,000 new jobs annually, a top executive told Reuters on Thursday. In an interview on the sidelines of an event in Bengaluru, SAP Labs India Managing Director Sindhu Gangadharan expressed the expectation that the Indian division will increase its share of worldwide SAP patents from the current 25% to 50%.
To allay concerns that the advent of cutting-edge technology will hinder job growth, the company, which seeks to double its AI skill base by 2024, anticipates “3,000 new joiners to enter the organization every year,” according to Gangadharan. The goal of SAP Labs India, which has over 15,000 employees, is to integrate generative AI into all of its products to better serve the evolving demands of its customers, including Thermax (THMX.NS) and Dabur India (DABU.NS).
“Through AI, India can solidify its IT supremacy,” Gangadharan had remarked at the ceremony earlier in the day. The remarks come as SAP aims to “double down” on spending in India, its fastest-growing market and the location of 40% of its worldwide research and development (R&D) operations.
Following the enormous success of ChatGPT, a generative AI chatbot by Microsoft-backed OpenAI, businesses all over the world—from banks to big tech—have increased their investments in AI. Regarding AI legislation, Gangadharan stated that there should be “a significant amount of responsibility barriers with flexibility to the end-user.” Her remarks follow a plea for self-regulation made by ChatGPT inventor Sam Altman in June, as governments around the world raced to impose regulations on the use of AI tools.
