Industry4h ago
Cohere Acquires Aleph Alpha In $600 Million Deal
The Schwarz Group is investing $600 million to facilitate Cohere taking over Aleph Alpha. This acquisition follows the recent ousting of Aleph Alpha's original founder, Jonas Andrulis. The move consolidates a key European AI player into the Canadian firm's portfolio. Enterprise AI providers now face a more concentrated market for sovereign LLM development.