Industry
Cohere Merges with Aleph Alpha Backed by Schwarz Group
Canadian AI firm Cohere is acquiring Germany-based Aleph Alpha with backing from Schwarz Group, parent of Lidl. The deal, valued to push Cohere to $20 billion in a Series E round, aims to create a sovereign AI option for enterprises outside U.S. dominance. Governments support the move targeting regulated sectors like defense and finance.
Apr 254 minNeura News