Things are heating up in the artificial intelligence race. “I am also in the European artificial intelligence race,” he said. It supports productive AI companies. While not yet as famous as their North American counterparts OpenAI, Anthropic or Cohere, Europe’s own prolific AI startups are starting to emerge. Aleph Alpha stands out among these new companies. Here are the details…
He said, “I am also in the European artificial intelligence race!”
Some companies have already cornered the artificial intelligence race. However, some companies have started to take their place in this race. Just yesterday, Germany’s Aleph Alpha raised €460 million in one of the largest funding rounds ever for an AI company. Aleph Alpha is preparing to represent Europe in the artificial intelligence race.
At a press conference on the investment, German Vice-Chancellor and Minister of Economic Affairs Robert Habeck emphasized the importance of supporting initiatives. Habeck, “The idea of having our own sovereignty in the artificial intelligence sector is extremely important. “Even if Europe has the best regulations, if there are no European companies, we won’t gain much.” said.
Rival to OpenAI: Europe’s rising star Aleph Alpha
Countries also took their place in the artificial intelligence race. Europe’s rising star Aleph Alpha is preparing to dethrone OpenAI.
At the same press conference, Jonas Andrulis, founder and CEO of Aleph Alpha, also spoke. In his speech, he stated that the investors participating in the last round worked with many companies, including SAP, Bosch Ventures and the owners of budget supermarket giant Lidl. Additionally, at the end of this speech, grant support came from many European investors.
Aleph Alpha builds a large language model (LLM) similar to OpenAI’s GPT-4. But it focuses on serving companies and governments rather than individual consumers. But there are other things that separate the two companies. For example, OpenAI has 1,200 employees, while Aleph Alpha employs only 61 people.
Aleph Alpha was founded in 2019. So Europe’s rising star is not a newcomer to this game. In 2021, the company raised €23 million in a round led by Lakestar Advisors. Such an amount was, of course, overshadowed by the multibillion-dollar figures on the other side of the Atlantic. However, Aleph Alpha raised another 100 million Euros of investment in June this year with the support of Nvidia. Thus, it will use all its strength to take its place in Europe’s artificial intelligence race.