Cohere to Merge with Aleph Alpha in Sovereign AI Initiative
Cohere, a Canadian AI startup, is merging with Germany-based Aleph Alpha to create a sovereign AI alternative to U.S. tech giants like Microsoft and Google. The merger, backed by Schwarz Group with €500 million in financing, values the combined entity at around $20 billion, significantly higher than Cohere's previous valuation of $6.8 billion.
Topics: AI Aleph Alpha Cohere M&A Schwarz Group Sovereign AI