SAP shares rise on cloud growth despite AI competition fears

In Germany on 24 April 2026, shares in software company SAP rose about six percent after business results showed cloud revenue growth, even as investors feared competition from artificial intelligence. Tagesschau also reported surprisingly strong results from SAP and Intel.

Separately, Canadian AI company Cohere announced it would buy and merge with Germany's Aleph Alpha. TechCrunch described the result as a 'transatlantic AI powerhouse', and The Information reported that Cohere is also set to raise $600 million from a German backer.