Analysis-Europe's established tech firms emerge as unexpected AI winners


The logo of SAP is seen on their offices in Reston, Virginia, U.S., May 12, 2021. REUTERS/Andrew Kelly

August 5 (Reuters) - The AI boom was widely expected ⁠to favour the new companies building the models. Recent earnings suggest it is some of Europe's biggest, well-established technology groups that are emerging as ⁠AI beneficiaries.

SAP, Capgemini, Sopra Steria and OVHcloud have all reported stronger demand, faster growth or upgraded outlooks as companies move from experimenting with ‌artificial intelligence to deploying it across their operations.

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