genai / news / / The New York Times
Cohere, a Canadian company founded in 2019, is acquiring Aleph Alpha of Germany.
Cohere is acquiring Aleph Alpha to form a trans-Atlantic A.I. alliance.
KEY POINTS
- Canadian and German governments helped orchestrate the merger to reduce reliance on U.S. tech firms.
- The combined company aims to be a $20 billion 'sovereign alternative' in A.I.
- The Schwarz Group will invest $600 million in Cohere as part of the merger.
COMPANIES
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