OpenAI’s European Rival Aleph Alpha Raises $500M in Series B Funding Round

German startup Aleph Alpha has raised $500 million in a Series B funding round, backed by Bosch Ventures and others. The company, Europe’s rival to OpenAI, focuses on business-to-business and business-to-government AI solutions. The funding will be used for research and product development. Aleph Alpha promotes the concept of "data sovereignty," aiming to keep data stored in Europe subject to European laws. The company's large language models are trained on a repository of multilingual public documents from the European Parliament.