The SaaSpocalypse might as well have been called the SAPocalypse.

SAP SE said it will cut back hiring and travel to save costs as Europe’s largest software company devotes more resources to developing artificial intelligence technologies and fending off new competitors.

SAP SE is divvying up responsibilities for its product and engineering functions in its second top-level reorganization this year, people familiar with the matter said, as Europe’s largest software company grapples with staying ahead of rising artificial intelligence competition.

Bloomberg’s Caroline Hyde and Ed Ludlow discuss comments by a South Korean policymaker that the country should pay citizens a “dividend” using taxes on AI profits. Plus, the largest US derivatives exchange, CME, is planning to create a futures market for computing power, one of the key drivers of the AI boom. And, the CEO of SAP talks about the company’s push into AI agents across business operations. (Source: Bloomberg)

SAP has unveiled its new "Autonomous Enterprise" platform at this year's SAP Sapphire conference, expanding its push into AI agents across business operations. SAP CEO Christian Klein joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)

SAP SE is investing in workflow automation platform n8n, doubling the startup’s valuation to $5.2 billion, as the German software giant builds out its artificial intelligence offering.

SAP SE is planning to expand access to its artificial intelligence solutions to some customers who haven’t moved their systems to its cloud services, people familiar with the matter said, a strategic shift prioritizing the newer technology as the race to keep customers away from rivals heats up.

Europe’s software companies are doing better than expected this earnings season, brushing off fears around artificial intelligence and the impact of the Iran war on business confidence.

Europe’s software companies are doing better than expected this earnings season, brushing off fears around artificial intelligence and the impact of the Iran war on business confidence.

Amazon Web Services announced a partnership with OpenAI a day after that company ended its exclusivity deal with Microsoft. Amazon also plans to sell AI-powered productivity software for the office. AWS CEO Matt Garman speaks with Bloomberg Tech’s Ed Ludlow. (Source: Bloomberg)

SAP reported stronger-than-expected first-quarter revenue growth in its cloud division, beating analyst estimates. The results come as Europe's largest software company ramps up the integration of artificial intelligence agents across its platform. SAP CFO Dominik Asam joined Bloomberg's Opening Trade. (Source: Bloomberg)

Brent advanced for a fifth straight day, climbing above $105 a barrel as the impasse between Washington and Tehran over how to proceed with talks to end their eight-week conflict carried on. The dollar was on course for its first weekly gain this month. Treasuries eased, with the 10-year yield one basis point lower at 4.32%. While markets have whipsawed on geopolitical risks, corporate profits have remained strong. Nearly 80% of the US equity benchmark’s firms have beaten first-quarter earnings estimates so far, according to data compiled by Bloomberg. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)

SAP SE reported revenue growth from its cloud services that beat analysts’ estimates after Europe’s biggest software company began integrating artificial intelligence agents into the service.

SAP SE has extended the contract of its Chief People Officer Gina Vargiu-Breuer months after internal criticism of her department over what many employees described as a flawed bonus system.

In this episode of "Bloomberg Tech: Europe," Bloomberg's Tom Mackenzie explores how Arm - the company behind the chips in most smartphones — is shifting into AI, cloud, and data centers. He sits down with CEO Rene Haas to discuss Arm’s strategy, the race for AI dominance, and what it means for the future of technology. Don’t miss this deep dive into one of tech’s most pivotal moves. "Bloomberg Tech: Europe" spotlights the biggest names and trends shaping the region's technology ecosystem as the global competition heats up. This monthly, 30-minute magazine-style show features in-depth interviews with top technology leaders, as well as major investors and policymakers - giving you a compelling A to Z of the most consequential innovations, opportunities and challenges. (Source: Bloomberg)

SAP SE Chief Executive Officer Christian Klein said the defense industry has become the company’s fastest growing business line as military budgets soar around the world.

SAP SE’s Chief Executive Officer Christian Klein is setting up a new unit with hundreds of people to push the adoption of its artificial intelligence features and plans to overhaul how it charges clients as the technology threatens its legacy subscription model.

SAP SE Chief Executive Officer Christian Klein announced a plan to shake up its executive board to focus on artificial intelligence as Europe’s most valuable software company faces increasing pressure from the technology.

SAP SE Chief Executive Officer Christian Klein announced a plan to shake up its executive board to focus on artificial intelligence as Europe’s most valuable software company faces increasing pressure from the technology.

SAP SE’s new bonus system ended up rewarding underperforming managers while holding lower-ranking workers to a higher standard for their payouts, prompting an outcry from employees and leaders alike at the German software company, people familiar with the matter said.