The article says AI agents are moving beyond chatbots to perform tasks such as reading earnings transcripts, building financial models, and completing compliance reviews. It cites Anthropic’s launch of 10 finance-focused agents and says major banks and others (JPMorgan, Goldman Sachs, Citigroup, AIG, Visa) are deploying them. It adds that data/software providers including FactSet, Thomson Reuters, S&P Global, Moody’s, and Morningstar saw share pressure.
SAP SE has announced the completion of its acquisition of Reltio, a prominent master data management (MDM) software provider. This acquisition aims to help customers prepare their SAP and non-SAP enterprise data for AI, providing tools to unify, cleanse, and harmonize data across various sources for enhanced enterprise-wide agentic AI capabilities.
SAP has acquired Prior Labs, a developer of tabular foundation models (TFMs), to expand its artificial intelligence capabilities for structured business data. Prior Labs will operate independently, with SAP investing over €1 billion to establish it as a global AI research lab focusing on enterprise data. This acquisition will enhance predictive capabilities across various business functions and integrate Prior Labs’ models into SAP’s existing AI infrastructure.
