In this conversation, Leo Jiang interviews Mayank, VP of SAP's AI product engineering, discussing the evolution of AI at SAP, the impact of generative AI on business processes, and the company's strategy for integrating AI into their offerings. Mayank shares insights on the AI co-pilot, foundational models, partnerships with LLM providers, and the importance of data strategy for enterprises. The discussion also touches on the future of AI in business and SAP's collaboration with startups to foster innovation. 00:00 Introduction to AI Business Asia and SAP's Journey 02:46 The Evolution of AI at SAP 05:21 Generative AI: Transforming Business Processes 08:07 SAP's Business AI Strategy and Intelligent Enterprises 10:49 Introducing Joule: The AI Co-Pilot 13:41 Foundational Models and SAP's AI Hub 16:29 Evaluating LLMs: A Flexible Approach 19:14 The Future of LLMs and AI Strategy 22:01 Trends in Open Source vs Closed Source AI 24:22 Navigating the Early Stages of Technology Transformation 25:08 Emerging Use Cases in AI and Automation 27:40 Understanding Agentic Services and Workflows 30:13 Grounding Information: Ensuring Accuracy in AI Outputs 33:20 SAP's Approach to Workflow Automation and User Experience 35:23 Collaborating with Startups: Expanding the Ecosystem 36:46 The SAP App Store: A Hub for Innovation 39:49 Partnerships with AI Leaders: Integrating New Models 41:40 AI Innovation in Asia: Opportunities and Challenges 43:12 Advising C-Level Executives on AI Strategy 48:26 The Future of AI: Excitement and Expectations