Canadian AI start-up Cohere has agreed to take over Germany’s Aleph Alpha in a deal valuing the combined group at about $20bn, as western governments and companies seek alternatives to US Big Tech providers.
The transaction, supported by the German and Canadian governments, will create a transatlantic company focused on “sovereign” AI systems that allow customers to retain control over their data and infrastructure.
The merger reflects growing concern outside the US about reliance on Silicon Valley groups such as OpenAI and Google.
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