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Canadian artificial intelligence company Cohere Inc. has agreed to merge with German counterpart Aleph Alpha GmbH, combining to create what the companies say will be a “transatlantic AI powerhouse.”
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The companies have not disclosed the financial terms of the deal, though the Schwarz Group, a German retailer, will invest 500 million euros in its upcoming financing round.
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“Organizations globally are demanding uncompromising control over their AI stack. This transatlantic partnership unlocks the massive scale, robust infrastructure, and world-class R&D talent required to meet that demand,” Cohere chief executive Aidan Gomez said in a news release.
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“Built on the bedrock of shared Canadian and German values — where privacy, security, and responsible innovation are paramount — we are uniquely positioned to be the world’s trusted AI partner.”
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Together, the two companies plan to build an independent AI option in regulated sectors, including governments.
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