Shareholders of Cohere will own about 90% of the newly merged company, with Aleph Alpha’s shareholders holding roughly 10%, effectively framing the deal as a Cohere acquisition. The German government is poised to become a key customer following the announcement in Berlin, attended by both countries’ digital ministers. Cohere, headquartered in Toronto, and Aleph Alpha, based in Heidelberg, are joining forces to strengthen their presence in the AI industry across the Atlantic.
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