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Title: SAP To Invest Over 20 Billion Euros In 'Sovereign Cloud'

Link: https://news.slashdot.org/story/25/09/02/1959...

SAP will invest over 20 billion euros ($23 billion) in European sovereign
cloud infrastructure over the next decade. "Innovation and sovereignty cannot
be two separate things -- it needs to come together," said Thomas Saueressig,
SAP's board member tasked with leading customer services and delivery. CNBC
reports: The company said it was expanding its sovereign cloud offerings to
include an infrastructure-as-a-service (IaaS) platform enabling companies to
access various computing services via its data center network. IaaS is a
market dominated by players like Microsoft and Amazon. It will also roll out
a new on-site option that allows customers to use SAP-operated infrastructure
within their own data centers. The aim of the initiative is to ensure that
customer data is stored within the European Union to maintain compliance with
regional data protection regulations such as the General Data Protection
Regulation, or GDPR. [...] Saueressig said that SAP is "closely" involved in
the creation of the new AI gigafactories but would not be the lead partner
for the initiative. He added that the company's more than 20-billion-euro
investment in Europe's sovereign cloud capabilities will not alter the
company's capital expenditure for the next year and has already been baked
into its financial plans.

Read more of this story at Slashdot.

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