Aleph Alpha

Money Moves

Being acquired by Cohere; led by co-CEOs Ilhan Scheer and Reto Sporri following founder Jonas Andrulis's departure in late 2025

Europe spent years developing separate AI companies to compete with OpenAI. In April 2026, Cohere agreed to acquire Germany's Aleph Alpha in a roughly $20 billion deal, with government backing from both nations, subject to regulatory approval and expected to close later in 2026.

Updated May 31