In the high-energy quantum-physics literature one finds statements such as "matrix algebras converge to the sphere". Earlier I provided a general setting for understanding such statements, in which the matrix algebras are viewed as compact quantum metric spaces, and convergence is with respect to a quantum Gromov-Hausdorff-type distance. More recently I have dealt with corresponding statements in the literature about vector bundles on spheres and matrix algebras. But physicists want, even more, to treat structures on spheres (and other spaces) such as Dirac operators, Yang-Mills functionals, etc., and they want to approximate these by corresponding structures on matrix algebras. In preparation for understanding what the Dirac operators should be we determine here what the corresponding "cotangent bundles" should be for the matrix algebras, since it is on them that a "Riemannian metric" must be defined, which is then the information needed to determine a Dirac operator. (In the physics literature there are at least 3 inequivalent suggestions for the Dirac operators.)2000 Mathematics Subject Classification. Primary 53C30; Secondary 46L87, 58J60, 53C05.