German Giants Pour Over $500 Million Into AI Startup Aleph Alpha
- Schwarz, Bosch and HPE join list of corporate investors
- Startup is positioning itself as a European champion for AI
Aleph Alpha Founder Jonas Andrulis
Photographer: Andreas Rentz/Getty Images
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Aleph Alpha GmbH, an artificial intelligence startup trying to build a European rival to the large language models created by OpenAI and Google, has raised more than $500 million from a consortium of industrial giants and financial investors.
Schwarz Group and the venture arm of Robert Bosch GmbH joined a group of seven new investors in the financing round, which included SAP SE and US software firm Hewlett Packard Enterprise, the company said in a statement on Monday.