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)

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Cohere and Aleph Alpha merger creates a ~$20B entity backed by Canadian and German governments, consolidating two major non-US AI players under a sovereign AI strategy.

Categories: Money & Moves

Excerpt

<a href="https://www.ft.com/content/4492c0d6-855b-4164-9ae5-f4d855a95f1e"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260424/i14.jpg" vspace="4" /></a> <p><a href="http://www.techmeme.com/260424/p14#a260424p14" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="https://www.ft.com/">Financial Times</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.ft.com/content/4492c0d6-855b-4164-9ae5-f4d855a95f1e">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</a></b></span>&nbsp; &mdash;&nbsp; Canadian and German start-ups to focus on &lsquo;sovereign&rsquo; AI systems independent of US and China&nbsp; &mdash;&nbsp; Canadian AI start-up Cohere &hellip; </p>

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