SAS to invest another $1 billion in artificial intelligence analytics over 3 years

ORLANDO: North Carolina-based software player SAS is topping up its initial $1-billion investment in beefing up artificial intelligence (AI) capabilities with yet another infusion of a similar amount over the next three years. This would be used to further develop cloud-first, AI-powered advanced analytics solutions across sectors.

The Jim Goodnight-led company plans to focus on providing tailored solutions to sectors such as banking, insurance, government, healthcare, retail, manufacturing and energy. The billion-dollar investment will go into research & development, industry-focused line-of-business teams and industry marketing efforts.