German AI startup, hope of Europe, cites ‘existential danger’

Since the launch of ChatGPT by Microsoft-backed OpenAI about a year ago, a heated race has been on between big tech’s largest players like Google and Meta for a slice of the market. — Reuters

BERLIN: Europe’s hope to rival OpenAI, Aleph Alpha, may have just raised close to €500mil (RM2.51bil) from investors this week, but its co-founder said on Nov 10 the startup was in a battle to even survive.

An alliance of investors, including the Lidl owner Schwarz group, Bosch, SAP and Hewlett Packard Enterprises, pumped €467mil (RM2.34bil) into the German-based artificial intelligence company this week.