SAP announced a €1 billion ($1.16 billion) four‑year investment in Prior Labs, an 18‑month‑old German AI firm specializing in tabular foundation models. The deal, pending regulatory clearance, includes a cash‑heavy upfront payment to the founders and will keep Prior Labs’ open‑source tools publicly available. SAP plans to fold the startup into an independent AI lab focused on structured‑data applications across its ERP portfolio, while tightening its API policy to allow only SAP‑endorsed agents such as its own Joule platform and Nvidia’s NemoClaw. Read more →