SAP closed its acquisition of Prior Labs, maker of TabPFN, a foundation model for structured data. A EUR 1bn-plus bet on tabular AI and a rare European win.

SAP has completed the acquisition of Prior Labs, the pioneer of Tabular Foundation Models (TFMs). Read the news.

The acquisition gives the 18-month-old German company the resources to scale its pioneering tabular foundation models while remaining an independent AI research lab.