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 deal consolidates two major players in the enterprise AI space. It removes a primary European competitor from the market while expanding Cohere's regional footprint.