famous venture\vulture fund manager posts
"Why the World Still Runs on SAP...And How AI Will Save Everyone Using It"

venture funds have many billions in stake in startups competing w/SAP (at app\analysis layers) for a finite pool of money. should we be skeptical? yes+++++ !

these startups need access to much ERP data and process within private walls. ideally free access in perpetuity, and need remain very nice while picking their pockets.

also curious, america as the bastion of leading edge tech, which S&P500 corporates run on SAP, and to what extent. was surprised at how small the $ numbers are relative to the stakes.
of course none of this includes employee training spend (in corporate wages&time).
table below from AI.

## 20 Largest S&P500 Companies (that use SAP) — Estimated Spend

| # | Company | Estimated total cost (licenses,implementation,services) | Estimated annual spend
| 1 | Walmart | $1B–$3B | $50M–$200M |
| 2 | Exxon Mobil | $800M–$2B | $40M–$150M |
| 3 | Chevron | $700M–$1.5B | $30M–$120M |
| 4 | Ford Motor Company | $500M–$1.2B | $25M–$100M |
| 5 | General Motors | $400M–$1B | $20M–$90M |
| 6 | Boeing | $400M–$900M | $20M–$80M |
| 7 | AT&T | $300M–$800M | $15M–$70M |
| 8 | Verizon Communications | $300M–$800M | $15M–$70M |
| 9 | JPMorgan Chase | $250M–$700M | $10M–$60M |
| 10 | Bank of America | $200M–$600M | $10M–$50M |
| 11 | Coca‑Cola Company | $200M–$600M | $10M–$50M |
| 12 | PepsiCo | $150M–$500M | $8M–$45M |
| 13 | Procter & Gamble | $150M–$450M | $8M–$40M |
| 14 | Nestlé | $150M–$450M | $8M–$40M | (foreign)
| 15 | UnitedHealth Group | $120M–$400M | $6M–$35M |
| 16 | Johnson & Johnson | $100M–$350M | $5M–$30M |
| 17 | Merck & Co. | $100M–$300M | $5M–$25M |
| 18 | Pfizer | $80M–$250M | $4M–$20M |
| 19 | Honeywell International | $80M–$250M | $4M–$20M |
| 20 | 3M | $70M–$220M | $3M–$18M |
Notes: estimates are based on public reporting, integrator disclosures, and industry analysis; precise contract values are often confidential.