Cohere and Aleph Alpha agree to merge in reported $20B deal
SiliconANGLE Maria Deutscher ● Covered by 3 sources
Cohere and Aleph Alpha signed a merger agreement to combine their enterprise and government language-model businesses. The reported deal is valued at $20 billion. After regulators approve it, the combined company will operate under Cohere’s brand with dual headquarters in Berlin and Toronto and an AI research center in Heidelberg.
Why it matters
Artificial intelligence startups Cohere Inc. and Aleph Alpha GmbH today signed a merger agreement. The contract formalizes a plan that was first announced in April. Cohere and Aleph Alpha stated at the time that German retailer Schwarz Group GmbH was planning to provide the company with €500 million, or about $573 million, in financing. Last […] The post Cohere and Aleph Alpha agree to merge in reported $20B deal appeared first on SiliconANGLE.