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SAP dives deeper into Iceberg with Dremio acquisition
- On Monday, SAP announced acquisitions of data lakehouse platform Dremio and AI model maker Prior Labs to strengthen its enterprise data foundation for agentic AI deployments.
- SAP committed more than €1bn over four years to scale Prior Labs, the pioneer of Tabular Foundation Models and its flagship TabPFN model for structured business data.
- Addressing infrastructure gaps, SAP CTO Philipp Herzig stated, "Enterprise AI doesn't stall because the models aren't good enough; it stalls because the data isn't ready for AI agents." Dremio's platform integrates non-SAP data for real-time workloads.
- At SAP Sapphire 2026 next week, CEO Christian Klein will detail fundamental portfolio changes, including agentic AI governance and domain knowledge infusion into SAP AI agents.
- Unlike Large Language Models , Tabular Foundation Models are purpose-built to predict business outcomes using structured data, addressing challenges in retrofitting models across complex finance stacks.
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34 Articles
The software company SAP is actually doing well, but the share has halved its value. Investors fear artificial intelligence will attack the business model. The Group holds against it and sees itself in a good position.
·Munich, Germany
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SAP acquires Prior Labs to build a European frontier AI research lab
Eighteen months after a €9m pre-seed, the Freiburg-based pioneer of TabPFN is being acquired by SAP and will receive more than €1bn over four years. The terms are not disclosed; the strategic intent is unmistakable. When Frank Hutter, Noah Hollmann, and Sauraj Gambhir founded Prior Labs in early 2024, the AI world was paying attention […] This story continues at The Next Web
·Amsterdam, Netherlands (Kingdom of the)
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Total News Sources34
Leaning Left3Leaning Right4Center5Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 25%
C 42%
R 33%
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