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SAP to acquire Prior Labs, Dremio; says TFM beats LLM for predicting structured data

SAP said on May 4 it will acquire AI research lab Prior Labs and data lakehouse platform Dremio, with both deals subject to regulatory approval. It plans to invest more than 1 billion euros over four years to develop Prior Labs into a global AI research institute for structured business data, while keeping it independent. SAP says table foundation models are better than large language models for tabular data. It will deploy TFM via SAP AI Core and SAP Business Data Cloud, with Joule coordinating.