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SAP Acquires Prior Labs, Invests Over €1 Billion in AI (heise.de)

· 82d ago · Report · Spotlight this ·

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SAP acquires Prior Labs, developer of tabular foundation models.
Plans to invest over €1 billion in business AI.
Objective: boost AI position in cloud business.

"SAP is acquiring Prior Labs, a startup specializing in tabular foundation models, as part of a broader €1 billion+ investment in business AI. The move aims to enhance SAP's AI capabilities within its cloud platform and strengthen its position in enterprise software."

#AI acquisition #Business software #Tabular models

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