Overview
- Cohere said it will buy Aleph Alpha and merge the two companies, with completion subject to regulatory approval.
- Schwarz Group, the owner of Lidl and Kaufland and a major Aleph Alpha investor, pledged $600 million to Cohere’s next funding round.
- Cohere framed the deal as a push to deliver secure, controllable AI for governments and tightly regulated industries in Europe.
- Aleph Alpha moved from building general large language models to tailored enterprise tools and works with Germany’s digital ministry and Baden‑Württemberg.
- Handelsblatt reported a roughly 90% stake for Cohere shareholders and 10% for Aleph Alpha holders in the combined firm, which the companies have not confirmed.