Cohere and Aleph Alpha agree $20bn transatlantic AI tie-up

· Source ↗

TLDR

  • Canada’s Cohere and Germany’s Aleph Alpha have agreed to merge at a combined valuation of ~$20B.

Key Facts

  • The combined company is valued at approximately $20 billion.
  • Both the Canadian and German governments support the deal.
  • The merged entity will focus on sovereign AI systems independent of the US and China.

Why It Matters

  • The deal creates a significant transatlantic AI player explicitly positioned outside US and Chinese AI ecosystems.
  • Government backing from two G7 nations signals sovereign AI is now a policy priority, not just a company strategy.

Ilya Gridneff, Florian Müller, George Hammond — Financial Times · 2026-04-24 · Read the original