"SAP is investing over one billion euros over the next four years to develop Prior Labs into a world-leading AI research lab for structured business data, focusing on Tabular Foundation Models that excel in predicting outcomes from structured data."
"Tabular Foundation Models are fundamentally different from large language models, as they are specifically designed to handle structured business data, enabling accurate predictions for payment delinquencies, supplier risks, and customer churn."
"Prior Labs' flagship model, TabPFN-2.6, ranks first in the TabArena benchmark for TFMs, showcasing significant growth in its capabilities, expanding from 10,000 to 10 million rows of data in less than a year."
SAP is acquiring Prior Labs and Dremio to strengthen its position in AI for structured business data, investing over one billion euros. Prior Labs specializes in Tabular Foundation Models (TFMs), which are designed for accurate predictions from structured data. The acquisition will allow Prior Labs to operate independently while contributing to SAP's AI initiatives. SAP's previous launch of the Business Data Cloud complements these acquisitions, enhancing the integration of SAP and non-SAP data for AI applications.
Read at Techzine Global
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