Why Cohere is merging with Aleph Alpha

· TechCrunch AI ·

Cohere is merging with Aleph Alpha in a deal backed by Schwarz Group (Lidl's owner) and both governments, creating a major European sovereign AI alternative to US hyperscalers.

Categories: Money & Moves

Excerpt

Canadian AI startup Cohere is taking over Germany-based Aleph Alpha with support from Lidl’s owner, Schwarz Group. With the blessing of their governments, the companies intend to offer a sovereign alternative to enterprises in an AI landscape dominated by American players.