Aleph Alpha Raises $500 Million for European OpenAI Rival (1)

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.

Jonas Andrulis

Photographer: Andreas Rentz/Getty Images

Aleph Alpha is positioning itself as a local, European champion for the technology as a way to stand apart ...