SAP’s Senior Reshuffle Follows AI-Induced Stock Rout

SAP’s Senior Reshuffle Follows AI-Induced Stock Rout The SaaSpocalypse might as well have been called the SAPocalypse. This article is for subscribers only. Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. What a difference a year makes. Last July, SAP’s CEO Christian Klein was riding high, sitting atop Europe’s most valuable company. The board had recently extended his contract to 2030 in acknowledgement of his steady stewardship of the software firm.