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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)
Financial Times: 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 — Canadian and German s
Financial Times: 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 — Canadian and German start-ups to focus on ‘sovereign’ AI systems independent of US and China — Canadian AI start-up Cohere …
Related
- As part of the Cohere-Aleph Alpha deal, Aleph Alpha backer Schwarz Group plans to invest $600M in Cohere's Series E, which a source says is set to close in 2026 (Kai Nicol-Schwarz/CNBC)
- German Chancellor Friedrich Merz says he will push to ease the EU's 'regulatory burden' on AI and possibly exempt industrial AI to boost productivity (Andreas Rinke/Reuters)
- The EC awards a six-year, €180M sovereign cloud contract to four European providers as part of a push to reduce the EU's dependence on non-European tech (Leo Marchandon/Reuters)
- European VC funding in Q1 2026 rose nearly 30% YoY to $17.6B, AI claimed over 50% of all European funding for the quarter, and deal volume dropped 40% YoY (Gené Teare/Crunchbase News)
Source: Techmeme | 2026-04-24