"Prior Labs has signed a definitive agreement to be acquired by SAP, with the German enterprise-software giant committing more than €1bn over the next four years to scale the startup into what it calls a globally leading frontier AI lab."
"The newest generation, TabPFN-2.5, scales the architecture to datasets of up to 50,000 samples and 2,000 features, and is, by Prior Labs's published benchmarks, currently at the top of TabArena, the standard benchmark for tabular machine learning."
"Crucially, TabPFN does something most foundation models cannot. It runs in a single forward pass, without task-specific training, and matches or exceeds the accuracy of tuned tree-based models, including AutoGluon configurations that have run for hours."
Prior Labs, founded in early 2024, is being acquired by SAP for over €1bn to scale its AI capabilities. The acquisition marks a significant investment in enterprise AI research in Europe. Prior Labs will maintain its independence, brand, and existing operations while continuing to innovate with its TabPFN technology. TabPFN-2.5, the latest version, excels in tabular machine learning, achieving high accuracy without task-specific training. The deal is pending regulatory approval and is expected to finalize in the coming months.
Read at TNW | Investors-Funding
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