WALLDORF, Germany and FREIBURG, Germany, May 4, 2026 — SAP SE and Prior Labs, the pioneer of Tabular Foundation Models (TFMs), announced that they have entered into a definitive agreement […]
The post SAP to Acquire Prior Labs to Establish a Globally Leading Frontier AI Lab in Europe appeared first on AIwire.
The company’s UK and Europe boss has become a lightning rod for the British public’s fear of a US tech takeover
The hall was packed with rightwing radicals when Louis Mosley heralded a coming revolution. Just as Oliver Cromwell – that “crusader for Christ and liberty” – routed King Charles I’s royalists, “a similar revolution is brewing today”, said the UK and Europe boss of Palantir. Globalism’s “twilight” was upon us, he said in a speech dotted with admiring mentions of the podcaster Joe Rogan and “Elon’s Doge”.
It was not a typical peroration for a big UK government contractor with more than £600m in deals with the NHS, the Ministry of Defence and police. But Palantir, the world’s most controversial tech company, is no typical contractor. In recent years it has gained firm footholds across Britain’s public sector while appalling critics with its leadership’s rightwing rhetoric and its work for the US and Israeli militaries and Donald Trump’s ICE immigration crackdown.
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Insider Brief PRESS RELEASE — Tessera Labs announced $60 million in oversubscribed funding led by Andreessen Horowitz (a16z) to accelerate its mission of bringing AI-native automation to enterprise transformation. Foundation Capital, Myriad Venture Partners, and Osage University Partners also participated. The announcement arrives as the global SAP community convenes in Orlando for its flagship annual event, underscoring […]
Everyone wants a piece of the enterprise AI pie, and this week, we saw a string of companies making their moves. From Anthropic and OpenAI announcing new joint ventures targeting enterprise AI deployment to SAP dropping $1B on German AI startup Prior Labs, it’s becoming clear that if you’re a startup building enterprise tools, you’re likely an acquisition target. On this episode of TechCrunch’s Equity podcast, hosts Kirsten Korosec, Anthony […]
Partnership between top startup DeepL and Amazon comes amid concern about Silicon Valley’s monopoly over digital infrastructure
AI companies in Europe risk losing their world-leading status in the field of machine translation, industry figures have said, after the decision by one of the continent’s leading startups to partner with Amazon’s cloud computing division provoked alarm.
While businesses in the EU have generally lagged behind the US and China in AI adoption, a small group of European companies have cornered the global market for high-quality machine translations for professional use.
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SAP is moving to fix a problem that has quietly held back enterprise AI. The company is acquiring, targeting two weak points that most organizations still struggle with: fragmented data […]
The post SAP Seeks Solution to Enterprise AI Puzzle with Dremio, Prior Labs Acquisitions appeared first on AIwire.
