SAP to Acquire Prior Labs to Establish a Globally Leading Frontier AI Lab in Europe

Also in today’s newsletter: a new company seeks to tackle the power constraints on European data centre growth

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. Continue reading...

Messages between Shivon Zilis and Tesla executives reveal plans in 2017 to start a rival AI lab, potentially led by Altman or Demis Hassabis.

Testimony from billionaire’s confidante Shivon Zilis reveals wrangling over the future of the AI lab that led to lawsuit

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.

Despite a surge in AI experimentation, many agencies remain stuck in pilot projects, struggling to scale the technology. SAP expert offers approach.

The move indicates that the German enterprise software giant is intent on growing its own in-house AI capabilities.

QyTw0, the Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, is now valued at €325 million (approximately $380 million) after raising a €25 million angel round ($29 million). It's a sign of enduring tailwinds for AI, quantum computing, and sovereign tech, especially for Europe-made companies.