"One recent prompting session yielded this: As much as 28% of the benchmark MSCI World Index is now IT companies. "That's huge. Number two is banking and financial services, 10 percentage points lower," the CFO said. He also likes to ask Perplexity which companies have the largest 10 market caps in the world. "Nine of them are tech companies and Broadcom recently threw out Berkshire Hathaway," Asam said. "In 1980, it was just IBM. So software does eat the world.""
""In our big back office operations, we have literally thousands of people. And there, it's about really making them more productive by automating their tasks," he told me. SAP's army of in-house software engineers is also embracing AI coding tools, which could help the company counter concerns that AI will disrupt the software sector."
Dominik Asam, CFO of Europe's most valuable software company, uses AI tools like Perplexity to source data and prepare presentations. Perplexity outputs highlighted that IT companies comprise as much as 28% of the MSCI World Index and that nine of the top ten market-cap companies are tech firms. SAP deploys AI to automate back-office tasks across thousands of employees and uses AI coding tools among its engineers. The company frames AI as a productivity amplifier and a strategic asset in determining whether in-house or external software capabilities will prevail.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]