The Stack

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Germany’s SAP has completed its buyout of AI firm Prior Labs – a startup that specialises in models that operate on tabular data, or spreadsheets. The ERP heavyweight swooped on the Berlin-based firm just 18 months after its launch. SAP founder Hans Werner-Hector had invested at seed stage. Prior Labs has created a range of “tabular foundation models (TFMs)” that  have been pretrained exclusively on “billions” of synthetic tasks, it said.

AWS hit customers with quadrillion and multi-trillion bills this week due to a bug in its global AWS Billing Console that it is scrambling to fix. Get the full story: Subscribe for free Join peers managing over $100 billion in annual IT spend and subscribe to unlock full access to The Stack’s analysis and events.

Netflix – which is spending “billions of dollars every year” on technology according to co-CEO Ted Sarandos this week – is overhauling search and discoverability, using large language models (LLMs). That’s one of the many efforts the company is making to improve operations, executives said on a July 16, Q2 call, in which they described tech as one of three pillars central to the firm’s success.

Databricks is raising more funding to fuel its expanding fleet of AI products. The cloud-based data platform company announced the strategic funding round late Wednesday, June 16. It said the term sheet had been signed for the raise, which values the company at $188 billion, and would close later in the summer.

Chinese AI lab Moonshot AI is launching one of the largest open weights models yet with its 2.8 trillion-parameter Kimi K3, putting it on par with frontier counterparts. The model was unveiled Thursday alongside benchmark data showing it is just a generation behind Anthropic and OpenAI’s leading models in most tests and on par with or ahead for some coding and agentic applications.

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After pleading guilty last month to orchestrating the damaging attacks on Transport for London in 2024, a pair of hackers that belonged to the Scattered Spider group received sentences of five years and six months in prison Thursday. Thalha Jubair, 20, from East London, and Owen Flowers, 18, from Walsall, West Midlands, were sentenced after what was "only the second criminal prosecution of its kind in the UK under the Computer Misuse Act (CMA)," the National Crime Agency said Thursday.

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Welcome to Runtime! Today: Why Patch Tuesday is about to go from an annoying-but-predictable chore to a huge project, the new vulnerability program proposed by the White House looks a lot like the old one, and Google Cloud's big outage Down Under. Please forward this email to a friend or colleague! If it was forwarded to you, sign up here to get Runtime for free every week, or level up here.