While everyone builds chatbots, SAP just closed a €1bn-plus bet on AI that understands your spreadsheets
The AI industry is obsessed with models that write and talk. SAP has just completed a large bet on a different kind entirely, one built for structured data, as its acquisition of Prior Labs closed.
The deal is now done, with regulatory approvals secured and the Freiburg-based lab operating inside SAP. The German software giant is putting more than €1bn behind it over four years.
What Prior Labs actually does
Most AI foundation models handle text, images or audio. Prior Labs builds foundation models for tables, the rows and columns of structured data that businesses actually run on.
Its TabPFN model, published in Nature, set the state of the art on tabular prediction across hundreds of independent studies. It forecasts and classifies from spreadsheets and databases rather than from prose.
That mundane-sounding capability has enormous reach. It has already been used for financial risk, loan approvals, predictive maintenance on...
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