Cohere reaches terms with German peer Aleph Alpha to take on AI giants
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Cohere is one step closer to combining with its German peer Aleph Alpha to rival American competitors OpenAI and Anthropic. The news: At the ALL IN conference in Montréal on Wednesday, Cohere CEO Aidan Gomez announced that his company had come to terms on a business combination agreement with Berlin-based Aleph Alpha, five months after the companies announced they would join forces. The transaction will increase Cohere's employee headcount to more than 1,000 across both continents, according to the company, with the combined entity dual-headquartered in Berlin and Toronto, keeping Aleph Alpha's Heidelberg office as a research center. As part of the deal, Aleph Alpha co-CEO Ilhan Scheer will become COO of the combined company, while co-founder and co-chief research officer Samuel Weinbach will become Cohere's chief research officer. The deal remains subject to regulatory approvals and is expected to close later this year. From the source: "We're creating a Canadian-German champion at the frontier on the world stage," Gomez said on stage at ALL IN, adding the combined firm will "Bring Canadian-German values to this technology which will impact all of us." When Weinbach was asked on stage if he thinks the combined company can be a true rival to OpenAI and Anthropic, he said yes. "That's why we're joining forces," Weinbach said. The context: While the firms have described the...
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