Cohere Acquires Aleph Alpha in $20B Transatlantic Sovereign-AI Deal Anchored by Schwarz Group's $600M

Summary

Canada's Cohere announced on April 24 it will merge with Germany's Aleph Alpha at a combined valuation of approximately $20 billion, anchored by a $600 million Series E commitment from the Schwarz Group (Lidl, Kaufland, Schwarz Digits). The deal — described by Cohere CEO Aidan Gomez as complementary rather than purely consolidation — pairs Aleph Alpha's expertise in small language models, European languages, and on-prem deployment with Cohere's enterprise large-language-model and embedding stack