aleph alpha

Major technology companies pouring money into artificial intelligence could come to dominate the emerging technology, Aleph Alpha GmbH Chief Executive Officer Jonas Andrulis said.  He criticized the European Union's AI Act, one of the first major pieces of legislation to regulate the technology, which Andrulis said risks diverting founders' energy away from innovation and into compliance.   “We need a somewhat fair environment,” he said in an interview on Bloomberg TV on Wednesday. “And this is difficult because the big…

Europe's hope to rival OpenAI, Aleph Alpha, may have just raised close to 500 million euros ($534 million) from investors this week, but its co-founder said Friday the start-up was in a battle to even survive.An alliance of investors, including the Lidl owner Schwarz group, Bosch, SAP and Hewlett Packard Enterprises, pumped 467 million euros into the German-based artificial intelligence company this week. Prior to the cash injection, the company of 60 employees founded in 2019 only had capital of 28 million euros. But…