Just months after founder Jonas Andrulis was pushed out, Canadian AI company Cohere is taking over Aleph Alpha - once hailed as Germany's answer to OpenAI. The Schwarz Group is putting $600 million into the deal.

Cohere and Aleph Alpha join forces to form global AI powerhouse as nations and enterprises demand control over their technology

Schwarz Group — a key backer of Aleph Alpha — plans to invest $600 million in Cohere's upcoming Series E round as part of the deal.