SAP's acquisition spree signals the enterprise giant is serious about becoming an AI-ready data platform

SAP is buying Dremio and investing €1 billion in Prior Labs to expand its Business Data Cloud.

The goal is to unify SAP and non-SAP data through Apache Iceberg and make it easier to build AI applications on enterprise data.

Prior Labs will develop tabular foundation models for structured business data, a key step toward AI-ready data infrastructure.

The moves signal SAP is sharpening its competition with data and analytics rivals as demand grows for enterprise AI platforms.