German AI model company merging with Cohere in a deal valued at ~$20 billion, signaling European AI consolidation.
“Cohere announced their planned merger with our portfolio company Aleph Alpha.”
“Due to my own involvement in Aleph Alpha, I can't comment beyond the press announcements.”
“Canadian AI model company Cohere is combining with Germany's Aleph Alpha, in a deal that will value it around $20 billion after a concurrent Series E closes.”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.