By Andrea Figueras

SAP said Monday that it invested 250 million euros ($262.8 million) in a new office complex in Berlin.

The German software company said that in the new 13-floor location, up to 1,300 employees will carry out interdisciplinary work involving artificial intelligence, blockchain or business process intelligence.

The new site will help the company to achieve its 2025 goal to become a leading provider of business artificial intelligence, SAP said.

Write to Andrea Figueras at andrea.figueras@wsj.com

(END) Dow Jones Newswires

October 16, 2023 05:13 ET (09:13 GMT)

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