Canada-based Cohere and Germany-based Aleph Alpha are in discussions regarding a potential merger.
Merger talks began earlier this year and are now understood to be in the advanced stages. The company’s plan for the new entity to be headquartered in both countries, Handelsblatt (newspaper) and Reuters reported.
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Both Cohere and Aleph Alpha are understood to have the support of Berlin on the deal, as the German government would be interested in becoming a “key customer” of the combined company.
German Digital Minister Karsten Wildberger told Handelsblatt that both Germany and Canada are working together closely in the digital space and that leading AI companies joining together …
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