AITech.euabout 2 hours ago
SAP acquires Prior Labs for over €1 billion
3 min read
SAP has acquired German-founded AI company Prior Labs for over €1 billion, just 18 months after its founding. Prior Labs pioneered tabular foundation models (TFMs) with its TabPFN technology, which handles enterprise prediction tasks like churn and demand forecasting. The company will operate independently, publish research, and keep models openly available.
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