Schwarz, Bosch Invest in AI Startup Aleph Alpha: Handelsblatt

Supermarket giant Schwarz Group is joining forces with SAP SE and Robert Bosch GmbH to invest in artificial intelligence startup Aleph Alpha GmbH, newspaper Handelsblatt reported on Monday.

The group of German industrial giants are investing €466 million ($500 million) in the large language model developer. A large part of the investment comes in the form of a capital commitment from the AI Innovation Park in Heilbronn, Handelsblatt reported.

Aleph Alpha secured €23 million in funding in 2021, ahead of the recent boom in investment for AI companies. This year, the Heidelberg-based startup has already received financing from ...