Software giant SAP announced plans to acquire German AI startup Prior Labs for $1.16 billion, marking a significant investment in artificial intelligence capabilities. The acquisition targets the 18-month-old company as SAP seeks to enhance its AI offerings.

As part of the deal, SAP indicated it will also restrict customer access to certain AI agents, limiting availability to select partners including Nvidia's NemoClaw platform. The German software company plans to make substantial additional investments in Prior Labs following the acquisition.

Separately, networking equipment manufacturer Arista Networks outlined ambitious growth targets, projecting 27.7% revenue growth to reach $11.5 billion by 2026. The company specifically highlighted plans to capture $3.5 billion in AI fabric sales as organizations expand their artificial intelligence infrastructure.

Meanwhile, startup Altara secured $7 million in funding to address data integration challenges in physical sciences research. The company's AI platform aims to unify information currently scattered across spreadsheets and legacy systems, potentially accelerating research and development processes by improving failure diagnosis capabilities.

Several other companies provided financial guidance updates, including biotechnology firms Cytokinetics and Neurocrine Biosciences, cancer screening company GRAIL, and childcare provider Bright Horizons, each outlining their respective operational and revenue projections for 2026.