SAP, Capgemini Report Stronger AI Demand
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- SAP, Capgemini, Sopra Steria, and OVHcloud reported stronger AI demand in recent earnings as enterprises shifted from experimentation to deployment of AI.
- The AI boom was widely expected to favor new companies building the models, but recent earnings from these established European tech groups suggest incumbents are also capturing the demand.
Why it matters: The narrative had been that AI wealth accrues to the model-builders, but these four established European firms reporting stronger AI demand suggests incumbents are winning deployment-phase business as enterprises move past experimentation.
