Dear reader.
There are rumblings in Walldorf: SAP CEO Christian Klein wants to eliminate grievances with a massive restructuring. It’s all about: Will he succeed in leading Germany’s most valuable company to the top of the world with AI and the like? Our second research is also about all or nothing: The current crisis of many start-ups reveals the dark side of venture capital.
These are our top topics this week:
Reset at SAP – Christian Klein’s liberation
How the crisis of German start-ups worth billions shows the dark side of venture capital
Why selling TikTok is the right thing to do
Inside report: Christian Klein’s trial by fire at SAP
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Reset at SAP: CEO Christian Klein
Photo:
Marc Krause
With a massive restructuring, SAP CEO Christian Klein (43) wants to lead the most valuable German company to the top of the world. So far, Klein has been forced into the role of clean-up; his great visions made him less noticeable. Now he wants to prove that he is also the man for the future. What to-dos he has on his list for this, my colleague Christina Kyriasoglou knows,
who Klein met in Walldorf.
Exclusive research: The dark side of venture capital
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“Deal with the Devil”: Investor Madeline Lawrence speaks unusually honestly about her job
Photo:
Marzena Skubatz / Brand one
Flink, Tier, Razor or SellerX: Many German start-up icons with (former) billion dollar valuations are fighting against decline. Why is it that some of Germany’s largest start-up bets are in danger of failing? My colleague Jonas Rest spoke to founders and their backers. His research shows: The crisis of digital companies also reveals the dark side of venture capital
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Heads: Jensen Huang ++ Sabina Jeschke ++ Gülsah Wilke ++ Mustafa Suleyman ++ Satya Nadella ++ Robert Habeck
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Likes his chips: Nvidia boss Jensen Huang
Photo: Josh Edelson / AFP
Jensen Huang (61), Nvidia boss, is not afraid of big comparisons. This week he unveiled what he claims is the “most powerful chip in the world”. According to Huang, Nvidia’s new “Blackwell” technology is no less as the engine for “a new industrial revolution”..
Sabina Jeschke (55), former railway board member and AI entrepreneur, calls for more innovation from the German economy in view of the changes brought about by the advance of AI. She has clear words to my colleague Sonja Banze: “This whining is killing me.”
Gülsah Wilke (37), entrepreneur and co-founder of 2hearts network, switches to the investor page. she will Partner and head of the Germany office
at the US fund DN Capital.
Mustafa Suleyman (39), co-founder of the AI developer DeepMind and a top expert at Google for a long time, also has a new job: He is supposed to take over the management of a new AI unit at Microsoft. Spicy: Microsoft boss Satya Nadella (56) is one of them Major investors in Suleyman’s AI start-up Inflection AI, which is now losing several team members to Microsoft.
Robert Habeck (54; Greens), Federal Minister of Economics, dissolves the “Young Digital Economy” advisory board. The aim is to make the committee “more flexible” in the future, said a spokeswoman. Unfortunately, what is remembered most is that Call for “discipline of the press”.
Column: Why selling TikTok is the right thing to do
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Photo: [M] La Famiglia
TikTok owner ByteDance should be forced by law to sell the social app – otherwise there is a risk of a ban in the USA. Our columnist, investor Judith Dada, supports the US government’s move. She explains why new technologies such as generative AI increase the risk even further, which comes from the app.
Round-up: Flink ++ Getir ++ Spotify ++ Apple ++ Google ++ ProSiebenSat.1 ++ Flaconi ++ New Work
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In pink: A Flink driver is preparing for his delivery
Photo: Mehdi Fedouach / AFP
Exclusive: Germany’s market leader Flink will soon be taken over by its Turkish rival Getir. Flink CEO Oliver Merkel (47) could then become head of Europe. The Gorillas and Getir brands are said to be on the verge of extinction in Germany. Click here for exclusive research by my colleague Jonas Rest the endgame of delivery services
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Jobs gone, new brand gone and now legal trouble over the Kununu review portal: her job is becoming a permanent construction site for New Work boss Petra von Strombeck (54). How LinkedIn competitor Xing now wants to turn things around Mirjam Hecking researched.
No longer smells good: ProSiebenSat.1 wants to quickly get rid of the online perfumery Flaconi. But the conditions for a sale are poor.
Siri AI powered by Google: The US company Apple apparently wants to bring Google’s artificial intelligence to its iPhones. It would be a very lucrative deal for both sides. Meanwhile, the US Department of Justice has Lawsuit against Apple filed: Apple denied competitors access to hardware and software functions of its iPhone.
Reddit shines on its stock market debut: the shares of the online platform rose by 38 percent compared to the issue price at the start of trading. The company collects 748 million dollars a – and on Reddit cheer users
, who subscribed to the share despite the warnings on the platform.
Number of the week: $640 million
MacKenzie Scott (53), philanthropist, author and ex-wife of Amazon founder Jeff Bezos (60), wants to donate this sum. The money will go to a total of 361 different NGOs. We find: Amazon millions very well invested.
Skilling me softly: life plans
Corporate strategy, strategy projects, kick-offs and meetings: In our professional lives we are constantly surrounded by all kinds of strategies. Our colleagues at Harvard Business Manager asked themselves why not apply these principles to our own lives. A guide in 7 steps.
Error 404 – that was missing: business from prison
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Reading from the cell: Binance boss Changpeng Zhao
Photo: PEDRO NUNES / REUTERS
Changpeng Zhao (47; also known as CZ), founder and ex-CEO of the crypto platform Binance, has announced a new project: For once, it won’t be about tokens, but about education: With the “Giggle Academy” he wants to teach children to read
. Small detail: He may have to do this from prison. CZ has pleaded guilty in a case involving lax money laundering rules at Binance. He now faces 12 to 18 months.
We wish you a nice Friday and a weekend with not too much screen time, because that’s it for this week’s “Tech Update”.
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As always, questions, comments or criticism are welcome to: tech-update@manager-magazin.de
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Many greetings Sarah Heuberger