SAP to acquire Dremio, an open data lakehouse provider, and Prior Labs, which it pledges to invest €1B in over four years, hoping to create a frontier AI lab (Larry Dignan/Constellation Research)
SAP acquiring data lakehouse provider Dremio and Prior Labs with a committed €1B investment over four years to build an AI lab within the enterprise software giant.
Excerpt
<a href="https://www.constellationr.com/insights/news/sap-acquires-dremio-prior-labs-it-builds-out-its-data-platform-plan"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260504/i20.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260504/p20#a260504p20" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Larry Dignan / <a href="https://www.constellationr.com/">Constellation Research</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.constellationr.com/insights/news/sap-acquires-dremio-prior-labs-it-builds-out-its-data-platform-plan">SAP to acquire Dremio, an open data lakehouse provider, and Prior Labs, which it pledges to invest €1B in over four years, hoping to create a frontier AI lab</a></b></span> — SAP said it will acquire Dremio, an open data lakehouse player, in a move that aims to use SAP Business Data Cloud combine SAP data with non-SAP data.</p>
Read at source: https://www.techmeme.com/260504/p20#a260504p20