SAP DROPS $1.16 BILLION ON AN 18-MONTH-OLD GERMAN AI LAB — EUROPE SAYS IT IS STILL IN THE GAME German software giant SAP is acquiring Prior Labs — a startup barely a year and a half old — and committing EUR 1 billion to build it into a world-class AI lab focused on structured data, in what is being called one of Germany’s biggest venture outcomes ever. Prior Labs’ open-source TabPFN models have been downloaded over 3 million times by developers who apparently love a good spreadsheet. Silicon Valley, watch your back — Stuttgart has entered the chat. Keywords: SAP Prior Labs acquisition, German AI startup, enterprise AI Europe, AI structured data