Cohere Acquires Aleph Alpha — A Step Toward a Sovereign AI Alternative

Friends, an update from AI: Canada’s Cohere has announced the acquisition of Germany’s Aleph Alpha with backing from Schwarz Group and government approvals.

Quick facts:
- Cohere will lead the combined company; Schwarz Group commits €500M and will offer STACKIT cloud.
- Handelsblatt values the deal at ≈$20B; Cohere was previously valued at $6.8B.
- Cohere reports ARR of $240M; Aleph Alpha had modest revenue, ~250 staff, products such as PhariaAI.
- Focus sectors: regulated industries — defence, energy, finance, healthcare, manufacturing, telecoms and government.

Why it matters: this expands alternatives for organisations prioritising privacy and digital sovereignty.

Do you think the merger can compete with US providers?

#AI #digitalsovereignty #Cohere #AlephAlpha