As Europe seeks to assert its technological independence from the US vendors Aleph Alpha, once seen as Germany’s sovereign AI hope, is the target of a transatlantic takeover.
Aleph Alpha is set to merge with Canada’s Cohere in a deal that will bring together Cohere’s global AI clout and Aleph Alpha’s background in research. The two companies hope they will be able to develop an AI powerhouse, with backing from their Canadian and German ecosystems
“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,” said ” said Cohere CEO Aidan Gomez in a news release that artfully presents the deal as a merger of equals but that, according to a footnote, only requires the approval of the German company’s shareholders, a sure sign of a one-sided takeover.
Read the full article here
