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German Giants Invest $500 Million in AI Startup Aleph Alpha

1 min read
Source: Financial Times
TL;DR Summary

The owner of Lidl, Schwarz Group, is co-leading a $500 million investment in a German artificial intelligence (AI) start-up called Celonis. The funding will be used to fuel Celonis' growth and development of its AI-powered process mining technology, which helps companies analyze and optimize their business processes. Schwarz Group's investment highlights the growing interest in AI technology and its potential to transform various industries.

Topics:business#ai#businesstech#co-leads#german-start-up#investment#lidl
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  1. Lidl owner co-leads $500mn deal to fuel German AI start-up  Financial Times
  2. Bosch, SAP and others back Europe's answer to OpenAI with $500 million of fresh funds  CNBC
  3. Lidl owner and Bosch Ventures co-lead $500M Series B into German AI start-up Aleph Alpha  TechCrunch
  4. SAP, Bosch Invest Over $500 Million Aleph Alpha, an OpenAI Rival  Bloomberg
  5. German giants pour over US$500 million into AI startup Aleph Alpha  The Edge Malaysia
  6. View Full Coverage on Google News

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