Cohere Buys Aleph Alpha in $20 Billion AI Deal

aibusiness 8 posts · 7 accounts

Canada-based Cohere is buying Germany's Aleph Alpha in a deal reported to value the combined group at about $20 billion. The transaction would expand Cohere in Europe and is aimed at building sovereign AI capabilities, with support from both governments.

Chief Executive Officer Aidan Gomez has said Cohere's strategy centers on independence, describing a "friends with everyone" approach and saying the company rejected early investment offers from Amazon, Google and Microsoft. He said large enterprises do not want to be locked into a single cloud provider or ecosystem.

From the sources (8 posts)

@techmeme

Canada's Cohere and Germany's Aleph Alpha agree to a merger deal valuing the combined group at ~$20B to work on sovereign AI; both governments support the deal (Financial Times) (Visit Techmeme dot com for the link and full context!)

@alexrkonrad

News: Canada-based AI company Cohere is combining with German AI co Aleph Alpha at a reported $20B valuation. Last week on The Upstarts Podcast, @Cohere CEO Aidan Gomez (@aidangomez) said Cohere wants to take a "friends with everyone" appr

@cnbc

Cohere to acquire German AI company Aleph Alpha as it looks to expand in Europe

@himanshustwts

Cohere merging with Aleph Alpha is interesting. I think it’s going to be straightforward enterprise play in EU. And the equity split says a lot here. Will be interesting to watch how this will shape EU sovereign distribution and credibili

@giffmana

@xeophon Wow, this is pretty bearish on Cohere tbh

@firstsquawk

COHERE AND ALEPH ALPHA AGREE $20 BN TRANSATLANTIC AI TIE-UP-FT

@reutersbiz

Canada's Cohere to buy Germany's Aleph Alpha

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