Post by SAP

Announced today, SAP has entered a definitive agreement to acquire Prior Labs, the pioneer of Tabular Foundation Models (TFMs), to build on the early success of SAP’s RPT-1 TFM. After the close, SAP will have the opportunity with Prior Labs to establish an industry-leading AI research lab to turn top AI research into enterprise-ready innovation, allowing customers to get even more value out of their tabular business data. Learn more: https://sap.to/6044BBZUUo Terms of the deal were not disclosed. The transaction is subject to customary closing conditions, including regulatory approvals.