Cohere and Aleph Alpha signed a 20 billion dollar merger built on sovereign AI
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Cohere and Aleph Alpha signed a 20 billion dollar merger built on sovereign AI
Cohere and Aleph Alpha signed a definitive combination agreement on 16 September, formalising the framework the two announced in April. The valuation lands at roughly 20 billion dollars.
Key Takeaways
- The combined company keeps the Cohere name, runs dual headquarters in Toronto and Berlin, and passes 1,000 staff across both sides of the Atlantic.
- Germany's Schwarz Group is putting 600 million dollars into the Cohere Series E, extending a relationship that began with the Aleph Alpha 2023 Series B.
- Neither company competes on frontier benchmarks, and neither is trying to. The pitch is local hosting for governments and regulated industries.
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