Aleph Alpha

Europe’s answer to OpenAI, Aleph Alpha, raises $500 million

As OpenAI ChatGPT continue to take the AI world by storm, others play catch-up.

Aleph Alpha, which has built its own large language models, raised $500 million backed by Bosch, SAP and Hewlett Packard Enterprise.

It is reported that Aleph Alpha will use the new funds to invest in research on foundation models, advanced product capabilities and marketing of its software.

A big part of what Aleph Alpha is pushing for with its technology is a concept known as ‘data sovereignty’ the concept that data stored in a certain country is subject to that country’s laws. 

The fund-raising round was backed predominantly by German firms, with enterprise IT giant SAP and Schwarz Group, (the owner of Lidl). Park Artificial Intelligence and Burda Principal Investments also invested.

If you were wondering…

Aleph is the first letter of the Hebrew alphabet and Alpha is the first letter of the Greek alphabet.

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