Cohere AI Updates: April 25, 2026

1. Cohere to Acquire Aleph Alpha in $20B Sovereign-AI Merger

Cohere. Cohere announced it will acquire Germany’s Aleph Alpha to create a transatlantic sovereign-AI provider valued at roughly $20 billion, with Cohere shareholders receiving about 90% of the combined company and Aleph Alpha shareholders 10%. The combined entity will keep the Cohere name with CEO Aidan Gomez leading from Toronto and a European HQ in Germany, and the deal lands alongside a $600 million investment from Schwarz Group — Europe’s largest retailer and an existing Aleph Alpha backer — into Cohere’s upcoming Series E. Both German and Canadian governments endorsed the merger, which targets regulated sectors (public sector, finance, defense, energy, manufacturing, telecom, healthcare) seeking AI alternatives to US hyperscalers. Source