Europe's biggest software company SAP pauses travel and hiring over AI costs

SAP, Europe's largest tech firm, has halted most travel and hiring. This move supports significant investments in artificial intelligence products and adoption. Only AI-related hiring and essential customer-facing travel are exempt from these new controls. Other companies are also reassessing their AI spending due to rising costs. SAP aims to prioritize spending on future-proofing its enterprise software offerings.

By TOI TECH DESK