Qualtrics

SAP reported first-quarter revenue above analysts' expectations, backed by growth in its cloud business. It said it was working with Microsoft-backed OpenAI's chatbot ChatGPT that can provide human-like responses to questions. SAP also has an internal committee to check for biases in AI use cases and guard against potential misuse of the technology...

SAP plans to spin out Qualtrics, its $8billion (roughly Rs. 59.8 lakh crores) acquisition from 2018, for an IPO. The German software giant says Qualtrics has already been operating with greater autonomy than most of its acquisitions but going public will help it expand its customer base.

Last valued at $2.5 billion, Qualtrics makes customer-survey software used by the likes of Microsoft Corp. to General Electric Co., helping boost its revenue more than eight-fold over the past seven years.

SAP reported first-quarter revenue above analysts' expectations, backed by growth in its cloud business. It said it was working with Microsoft-backed OpenAI's chatbot ChatGPT that can provide human-like responses to questions. SAP also has an internal committee to check for biases in AI use cases and guard against potential misuse of the technology...

SAP plans to spin out Qualtrics, its $8billion (roughly Rs. 59.8 lakh crores) acquisition from 2018, for an IPO. The German software giant says Qualtrics has already been operating with greater autonomy than most of its acquisitions but going public will help it expand its customer base.

Last valued at $2.5 billion, Qualtrics makes customer-survey software used by the likes of Microsoft Corp. to General Electric Co., helping boost its revenue more than eight-fold over the past seven years.